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5 Trillion Naira Stolen Under President Goodluck Jonathan’s Administration | Transparency International Advices Nigeria against Corruption



Reports from a recent investigation have revealed that the Goodluck Jonathan administration which assumed office in 2011 still has a long way to go in its fight against corruption. Over N5 trillion in government funds have been stolen through fraud, embezzlement and theft since President Jonathan assumed office on May 6, 2010, a Punch investigation has found.

This amount is the summation of government funds said to have been stolen, according to the Nuhu Ribadu-led Petroleum Task Force report; the Minister of Trade and Investment’s report on stolen crude; the House of Representatives fuel subsidy report and investigations into the ecological fund, SIM card registration and frequency band spectrum sale.

The investigation revealed the fraudulent activities carried out on a large scale in some ministries. The Ribadu report on the oil and gas sector for instance, put daily crude oil theft at a high 250,000 barrels daily at a cost of $6.3bn (N1.2trn) a year. This puts the total amount lost through oil theft in the two years of Jonathan’s government at over $12.6bn (N2trn).

Another fraud scheme was discovered in July 2012 when the House of Representatives Committee on Environment discovered a tree seedling fraud worth N2bn awarded by the Ecological Fund office.

Similarly, in the telecommunications sector, the 450MHz frequency, which was valued at over $50m, was allegedly sold for less than $6m (a difference of $44m or N6.9bn) by the Nigeria Communications Commission. In the same sector, the reps, earlier this year, commenced investigations into the N6.1bn SIM card registration project embarked upon by the NCC in 2011.

Reacting to the massive frauds that have greeted Jonathan’s tenure, Transparency International, in an email to Punch said that Nigeria would continue to slack in development as long as it keeps paying lip service to the fight against corruption.

President Jonathan should insist that those accused of corruption are properly investigated and punished if found guilty, irrespective of their positions and connections. The judiciary must be seen as impartial and fair.

“To signal a break with the past, the government should set up an independent investigatory panel to review charges of corruption within government and the private sector. President Jonathan should endorse the panel and commit to ensure it has both the scope and the power to investigate and prosecute.

“This is not just a matter of justice; fighting corruption can affect the lives and livelihoods of millions of people. The current culture of corruption hurts the majority of Nigerians while the inequality gap widens.”

This report is coming just days after KPMG, a global audit and financial advisory firm, stated that Nigeria accounted for the highest number of fraud cases in Africa in the first half of 2012.

It is our hope that such reports like this would make the government take the fight against corruption more seriously.

Adeola Adeyemo is a graduate of Industrial Relations and Personnel Management from University of Lagos. However, her passion is writing and she worked as a reporter with NEXT Newspaper. She believes that anything can be written about; anything can be a story depending on the angle it is seen from and the writer's imagination. When she is not writing news or feature articles, she slips into her fantasies and creates interesting fiction pieces. She blogs at


  1. Msunderstood

    November 25, 2012 at 9:07 pm

    Oma ga o. We cant just siddon look now, wat can we do?

  2. Collosus

    November 25, 2012 at 9:24 pm

    Kai!! Where is the hope for this nation….

  3. rep her

    November 25, 2012 at 10:38 pm

    Seriously,I don’t care,I wish I could,but I don’t…No vex

  4. Joe

    November 26, 2012 at 12:36 am

    Which way nigeria, which way to go, I love my father land.. I want to know, which wa nigeria so nigeria won’t die, every day I sing this song with hope that GOD will make this country great in my time…. Huh, jonathan the dumbest president alive. Okonji, deziani, sanusi…..GOD is watching.

  5. HABBA

    November 26, 2012 at 1:27 am

    jesu christi why? why!!! why is this country doomed and destined for evil doings please just help us carry thunder and strike all these people that have used money to enjoy instead of helping the hungry

  6. Glam

    November 26, 2012 at 1:29 am

    It used to be Mill then Bill now Trill… What next???

  7. Titi Loyolade

    November 26, 2012 at 2:23 am

    Nigeria, we hail thee!!!

  8. T Baba aka Pres OBAMA is my cousin on my sister's husband's Uncle's Aunt's GrandMas side 4 times removed... O_o

    November 26, 2012 at 4:41 am


    The revolution will be televised …. Or not… O_o

  9. laila

    November 26, 2012 at 9:40 am

    Its amazing how Fresh Air supporters still find it hard to come out and call Jonathan what he truly is. Everybody is making soft-soft general comments like its ‘something out there’ that is the problem. If it was any of the past Presidents who had his picture splattered next to a headline with ‘stolen money’ and so many zeros, the curses would’ve rained down. I guess when its ‘our own’ the poo smells of roses!!!

  10. Ovadje

    November 26, 2012 at 10:11 am

    What a pointedly partisan “report” by Punch…

    Unfortunately, we Nigerians undermine any capacity to effectively fight corruption by politicizing it. It is the same sentiment that leads to the diversionary cries when people are actually being prosecuted for corrupt practices that it is because they are the President’s enemies. For starters, how can the Punch seek to indict the Jonathan administration for not doing enough to combat corruption when it is the administration that set up the Ribadu Committee in the first instance? Frankly, the only real issue here is to see what the administration intends to do with the Ribadu Committtee report, which was only just recently released. Furthermore, the NCC (which is an independent regulatory body) does NOT actually sell frequencies, but issues licenses to use such frequencies for a fee.

    Btw, it seems as if to bridge its own obvious credibility gap, this Punch “report” (and it is more of a story than an actual report) muddles together its own conjectures with TI’s standard advice to countries like Nigeria, making it appear at first blush as if TI is connected with (or perhaps even its author or a part of its authorship of) the Punch’s “report”.

    • Damie

      November 26, 2012 at 3:24 pm

      That’s why the Ribadu report was declared a load of hogwash by the FG, right? People like you would still vote PDP. You are the ones pulling this country back.

  11. Kingsley

    November 26, 2012 at 10:22 am

    We need a hard leader like PUTIN of Russia to rule our great country NIGERIA.

    • Angel

      December 22, 2012 at 1:40 am

      ‘You need a hard leader like Putin to rule Nigeria’. First praise your president in the good he is doing, then co-operate with him in capturing the corrupt leaders and bringing them to justice.
      You put down your leader who is obviously trying to better Nigeria while you crave for other leaders, you think Putin is better than Jonathan, there is a 95% chance that he is not.
      This has always been the problem with Nigerians,they seem to treasure things from overseas more(be it their leaders, education, goods- name it)!
      Have faith in your leaders and your industrial goods especially if they are real!
      Love your leaders first and encourage them to bring bribery and corruption to end

  12. Pulitzer-Grady

    November 26, 2012 at 12:17 pm

    So what, pray tell, has President Jonathan done with the other indicting Reports from Committees he has set up? I dont give him any credit for setting up c’ttees ‘cos its just another avenue for him to put unemployed political has-beens on a fat salary.

  13. Damie

    November 26, 2012 at 3:23 pm

    Looooooool. Isn’t corruption carried out by the government officials? So how exactly is government going to fight the corruption which it endorses?

  14. faith

    November 26, 2012 at 11:16 pm

    Money was stolen. who stole the money???

  15. ayo

    December 1, 2012 at 6:52 am

    The Lord will help us hmmmm the song I sing everyday is fight our battle,fight our battle. Holyghost arise oh and fight our battle by God’s grace the Lord will disgrace them one of these days. Nigeria will be greater than these.

  16. isaac

    April 20, 2013 at 8:23 pm

    you call your safe goodluck but you are badluck to Ibo people

  17. isaac

    April 20, 2013 at 8:26 pm

    may Gog happy you and your government because what ever you plant , one day you well rep it

  18. joe

    December 24, 2013 at 5:15 pm

    In the real war against corrupt president jonathan legacy will stand after he is gone unlike others before him. Subsidy removal and power privatization are the best corruption war ever won in nigeria.

  19. timmie

    September 12, 2014 at 1:42 pm

    this is a good administration ONLY IF WE CAN support it

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