New EFCC boss reveals mind-boggling sum Nigeria lost to contracts, procurement frauds during Buhari administration

  • President Bola Ahmed Tinubu had picked Pastor Olanipekun Olukoyede as the chairman of Nigeria’s anti-graft agency, EFCC
  • Olukoyede’s nomination was ratified by the national assembly on Wednesday, October 18, in Abuja, the nation’s capital city
  • While being grilled by the federal lawmakers, Olukoyede complained about the corruption habit among some Nigerians

FCT, Abuja – The new chairman of the Economic and Financial Crimes Commission (EFCC), Olanipekun Olukoyede, has said Nigeria lost N2.9 trillion between 2018 and 2020 to contracts and procurement fraud alone.

Legit.ng reports that the immediate past president of Nigeria, Muhammadu Buhari, was at the helm of affairs during this period. Buhari, before assuming office in 2015, sold himself to Nigerians a leader who would bring down corruption to its lowest minimum.