Why we're not hard on Boko Haram - BUHARI

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...towards a better life for the people

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VOL. 25: NO. 62686

ONLINE | www.vanguardngr.com

N150

THURSDAY, FEBRUARY 4, 2016

Why we're not hard on Boko Haram — BUHARI

Says ‘I won’t rest until Chibok girls are rescued’

Reps uncover 169 ghost companies on N1trn rail contracts 9

See story on Page 6

RESCUED: People rescued

by the Nigerian Army from suspected Boko Haram terrorist enclave after an operation in Borno State, yesterday. Photo: NAN.

Knocks trail AGF's $2trn loot claim Nigeria earns N98 trn from oil since 1958 — Vanguard investigation By Clifford Ndujihe & Dapo Akinrefon

L

AGOS — FROM the lips of some experts and eminent Nigerians, yesterday, it was hard knocks for the AttorneyGeneral of the Federation and Minister of Justice, Abubakar Malami, SAN, over his comments that the Economic and Financial Crimes Commission, EFCC, had recovered more than $2 trillion, about N400 trillion, looted from the national treasury in the last 12 years. Apart from picking holes in the figures, those who

spoke to Vanguard said it was sad no one was in jail for looting the national patrimony. Indeed, Vanguard’s investigations show that since Nigeria started generating revenue from crude oil in 1958, the country has earned about N98.293 trillion (See Table). And since oil, over the years, has accounted for about 80 per cent of the country’s federal revenue and most of the states depend on federal Continues on Page 5

CRUDE OIL PRODUCTION AND REVENUE IN NIGERIA (1958-2015) YEAR REVENUE (NAIRA) 1958 0.2 Million 1959 3.4 Million 1960 2.4 Million 1961 17 Million 1962 17 Million 1963 10 Million 1964 16 Million 1965 29 Million 1966 45 Million 1967 30 Million 1968 ***** 1969 75.4 Million 1970 167 Million 1971 510 Million 1972 764 Million

COLUMNISTS: PDP: Katakata Edo war of inside the succession (2): basket Never Say Never of scorpions •P.17 •P.19 C M Y K

1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989

1.016 Bn 3.724 Bn 4.272 Bn 5.365 Bn 6.081 Bn 4.556 Bn 8.881 Bn 12.354 Bn 8.564 Bn 7.815 Bn 7.253 Bn 8.264 Bn 10.915 Bn 8.107 Bn 19.027 Bn 20.934 Bn 39.131 Bn

Continues on Page 5

Supreme Court upholds A-Ibom, Abia govs' elections 5 FG gets $50m AfDB loan for power projects —Fashola 4

11 escape death in Lagos-bound Bristow helicopter incident

‘We are hungry' •P.19

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Court orders ex-PDP scribe, Aluko's arrest for perjury

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Mr & Mrs


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