‘Nigeria held hostage by monumental corruption’ – Peter Obi after Senate uncovers ‘₦210 trillion in financial irregularities’

‘Nigeria held hostage by monumental corruption’ – Peter Obi after Senate uncovers ‘₦210 trillion in financial irregularities’

Nigeria has emerged a “crime scene”, Peter Obi, former Governor of Anambra State, said.

Obi made the statement with “utmost sadness” after the “Senate uncovered ₦210 trillion in financial irregularities, ₦103 trillion in so-called “accrued expenses”, and another ₦107 trillion in unaccounted “receivables.””

He descibed it as “another scandal”, saying, the country is “held hostage by monumental corruption”.

Obi concluded, with this discovery by the Senate, “noresponsible nation can continue to function without confronting this truth”, saying, “this criminality masquerading as governance misbbe dismantled for a better Nigeria”.

Taking to his official X account, Obi said: “It is with the utmost sadness that I once again reaffirm what I have consistently said: Nigeria has become a crime scene.

“How else does one explain the recent revelation by the Senate, which uncovered the audited accounts of the NNPC from 2017 to 2023? The Senate uncovered ₦210 trillion in financial irregularities, ₦103 trillion in so-called “accrued expenses”, and another ₦107 trillion in unaccounted “receivables.”

“No documentation. No accountability. No consequences.

“This is not just another scandal, it is a clear and damning confirmation of a nation held hostage by monumental corruption.

“Our national budget within the said period of 2017 to 2023 is as follows:

2017 ₦7.440 trillion.

2018 ₦9.120 trillion

2019 ₦8.916 trillion

2020 ₦10.590 was initially approved and in June revised to ₦9.974 trillion due to COVID.

2021 ₦13.588 trillion.

2022 ₦17.130 trillion

2023 ₦21.830 trillion

“Total: ₦88.010 trillion

“Our total national budget within the said period was not up to 50% of the said financial discrepancies and irregularities.

“This is a criminal institutionalised betrayal of the Nigerian people and a grave threat to the future of the society our children will live in.

“No responsible nation can continue to function like this without confronting this truth. This criminality masquerading as governance must be stopped and dismantled for a better Nigeria.

“A new Nigeria is POssible.”

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