Nigeria loses $400bn to oil thieves - Ezekwesili

By IKECHUKWU NNOCHIRI
ABUJA—Erstwhile Vice President of the World Bank for Africa, Dr Oby Ezekwesili,Tuesday, said Nigeria has lost more than $400 billion to oil thieves since she attained independence in 1960.
Ezekwesili, who further regretted that as much as 20 percent of the entire budget for capital expenditure in Nigeria ended in private pockets annually, noted that whereas oil accounts for about 90 percent of the value of Nigeria’s exports, over 80 percent of the fund ends up in the hands of one percent of the country’s population.

source:www.vanguardngr.com