If you’ve been glued to African related economy news, you would have come across several news post on several stories concerning the embezzlement the Nigeria’s assets.  Lai Mohammed, the Information Minister, alleged that former governors, Cabinet ministers, government workers, bankers and businessmen stole $9 billion dollars from the country’s treasury between 2006 and 2013, when the the nation’s Currency, Naira, stood at about 150 to the dollar, half today’s value. As of today, about $2Billion of those funds have been recovered

To give you a better perspective on how large this embezzlement amount is, The $9 Billion is more than the GDP of Lesotho, Burundi and Liberia all put together ! According to Mohammed, the looted 1.35 trillion Nigerian Naira could have built 36 hospitals or educated 4,000 children through university.

What do you think should be done if these people are found guilty ?