The Vice-President Yemi Osinbajo on Friday said a past administration (which he did not name) withdrew 60 billion naira from the Central Bank of Nigeria, CBN in one day.

Osinbajo stated this in Lagos where he inaugurated an independent power project built by a private developer, Solad Power Holdings, under the Federal Government’s Energising Economies Initiative, for the Sura Shopping Complex.

According to him, corruption is the biggest problem facing Nigeria.

“In one day, one government withdrew 60 billion naira from the central bank and nobody, till this moment, can tell where it went. One government in this country also withdrew $292 million in one day,” the Vice-President stated.

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The Minister of Power, Works and Housing, Babatunde Fashola, who was also present at the inauguration said the previous administration promised that every Nigerian would have access to electricity after the privatisation of the power sector.

Fashola stated that the entire power structure had been sold by the time President Muhammadu Buhari was elected into office.

“And those who sold it told us that once they privatised, everybody would have electricity. But Sura market did not get and so did many other Nigerians. What it meant was simply that there was a lot of work to be done, and that is the work that the current administration has undertaken,” he added.

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