Alleged N1.5tn Fraud: CSO Slams 16 Suits against Govt Agencies - THISDAYLIVE

A Civil Society Organisation , the Centre for Social Justice , yesterday disclosed that it has instituted no less than 16 different court cases against some federal government agencies over alleged embezzlement of public funds to the tune of N1.5 trillion.

Onyekpere lamented that while Nigeria suffers under huge foreign loan burden, revenues which ought to be deployed towards financing annual budgets and other key projects are allegedly embezzled by government agencies. Some of the cases, which according to him, are in different stages in the Federal High Court in Abuja, include that against the director-general of Securities and Exchange Commission over alleged non-remittance of N2,297,199,080.

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