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Thursday 31 Dec 2015 - 10:45 Makkah mean time-20-3-1437
Nigerian President Buhari (Image from Internet)
Lagos (IINA) – Nigeria's President Muhammadu Buhari said Wednesday that Nigerian authorities have seen documents showing that the proceeds from past crude oil sales were diverted to personal accounts rather than reaching government coffers, Reuters reported.
Buhari, who took office in May after being elected on an anti-corruption ticket, outlined progress made by his government in a two-hour "media chat" with three journalists broadcast live on state television.
"We have some documents where Nigerian crude oil was lifted illegally and the proceeds were put into some personal accounts instead of the federal government accounts," said Buhari.
The president said stolen money had already been recovered by the government. Buhari did not disclose the sums involved and said he could not provide more details because various cases were being taken to court.
Africa's biggest economy faces its worst economic crisis in years, since it relies on oil exports for about 58 percent of government revenue. The sharp fall in oil prices over the past year has hit those revenues hard.
AB/IINA
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