The Vice President made the comments on Tuesday, September 20, while receiving a delegation of the University of Lagos Alumni Association at the Presidential Villa.
“No economy can tolerate the level of corruption seen in Nigeria without consequences”
Osinbajo also explained that the economic problems in the country are a result of widespread corruption.
According to a statement released by his Senior Special Assistant on Media & Publicity, Laolu Akande, Osinbajo said:
"We've watched corruption fighting back, some people even said bring back corruption, but not the man on the street.”
“No economy can tolerate the level of corruption seen in Nigeria without consequences. Look at the Northeast, while a war is going, Nigerian lives being lost, some local governments had been taken over, and yet people cannot account for $15B meant for security equipment purchases.
“The corruption has been so much. Look at the sheer amount of money stolen and decisions taken that fuels corruption, decisions taken just with the sole aim of cornering national resources.”
ALSO READ: Osinbajo says 110 million Nigerians are poor
Osinbajo had earlier blamed the recession in the country on the activities of Niger Delta militants.
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