“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.

Vice President Yemi Osinbajo

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.

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.”

Osinbajo had earlier blamed the recession in the country on the activities of Niger Delta militants.

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Socialite Cubana Chief Priest accuses BBNaija's Maria of 'stealing' his sister's husband

Socialite Cubana Chief Priest accuses BBNaija's Maria of 'stealing' his sister's husband

Paul Okoye shares Cubana Chief Priest's phone numbers as he continues to defend BBNaija's Maria

Paul Okoye shares Cubana Chief Priest's phone numbers as he continues to defend BBNaija's Maria

10 countries where prostitution is legal

10 countries where prostitution is legal

Davido and Chioma spotted together for the first time since rumoured breakup

Davido and Chioma spotted together for the first time since rumoured breakup

Pulse Exclusive : New court documents claim BBNaija's Maria's alleged partner is in court to dissolve marriage

Pulse Exclusive : New court documents claim BBNaija's Maria's alleged partner is in court to dissolve marriage

Actress Esther Nwanchukwu calls Junior Pope her 'man friend' months after she tattooed his initials on her body

Actress Esther Nwanchukwu calls Junior Pope her 'man friend' months after she tattooed his initials on her body

7 things every woman wants to hear during sex

7 things every woman wants to hear during sex

BBNaija's Wathoni called out by Ani Amatosero for saying women use their bodies to get roles in Nollywood

BBNaija's Wathoni called out by Ani Amatosero for saying women use their bodies to get roles in Nollywood

Ever heard about the massacred souls that haunt Iva Valley in Enugu?

Ever heard about the massacred souls that haunt Iva Valley in Enugu?