24/7 Live - Subscribe to the Pulse Newsletter!

Former president, Olusegun Obasanjo has said that corruption drains billions of dollars from Nigeria’s already drained economy.

Obasanjo made the remark on Monday, February 1, 2016, at the inaugural conference of the Ibadan School of Government and Public Policy held at the International Conference Centre of the University of Ibadan, PM News reports.

“We set up the ICPC and the EFCC to tackle it head on. Today, corruption drains billions of dollars from our economy that cannot afford to lose even a million dollars,” he said.

“It seems we are just beginning the fight against corruption afresh.‎ Until recently, it seems corruption had returned with a vengeance, taking seat at the very heart of government.

“We must kick corruption out because it destroys almost everything and I am not talking about corruption of money; corruption of attitude, nepotism, favouritism, they are corruption in different forms," he added.

Obasanjo recently courted controversy when he criticized the National Assembly for planning to buy 469 vehicles despite the economic troubles being witnessed in the country.

In response however, Kogi State Senator, Dino Melaye accused the former president of introducing corruption to the legislative chamber.

Do you ever witness news or have a story that should be featured on Pulse Nigeria?
Submit your stories, pictures and videos to us now via WhatsApp: +2349055172167, Social Media @pulsenigeria247: #PulseEyewitness & DM or Email: eyewitness@pulse.ng. More information here.