The All Progressives Congress on Sunday alleged that about $56bn (N11.02tn) was looted during the administration of former President Goodluck Jonathan and that the Buhari government needed to recover the funds to fulfill the change promised by the APC.
In the breakdown by the ruling party, it said $6bn (1.2tn, at the rate of N197 to dollar) was stolen by some of Jonathan’s ministers and that 160 million barrels of crude worth $13.9bn (N2.74tn) were lost between 2009 and 2012 while $13bn (N2.56tn) in NLNG dividends was mostly unaccounted for.
The National Publicity Secretary of the APC, Alhaji Lai Mohammed, said this in a statement on Sunday.