The causes and solution of economic recession in Nigeria has become the major topic of discussion on the leaps of major actors in Nigeria and beyond. Recall, Bloomberg republished its report suggesting that South Africa took over from Nigeria as Africa’s largest economy.
Meanwhile, at the 54th annual conference of World Bank Economic Forum, the Africa regional vice president Makhtar Diop has pinpoint Nigeria to be at the forefront of under-development since the recent change in government, stating that recovered funds in the past administration is now being looted at this present administration.
During the interactive session, issues were raised concerning the funds recovered by the EFCC, and from investigation it has been observed that some serving ministers have been the culprit diverting the recovered funds outside the country.
In the course of the interactive session, list of Serving ministers diverting EFCC recovered loot were released by Makhtar Diop including the names of Serving ministers, the depositors and the amount in London, Swiss ($), USA($), Germany.