Nigeria losing huge revenue to corruption, privatisation — Osinbajo

Vice President Yemi Osinbajo said on Monday that official corruption and privatization of public enterprises led to massive losses in public revenue.

He said this while delivering a key speech at the 55th Annual Conference of the Nigerian Bar Association in Abuja.

He said the penchant for graft is high and Nigerians spent a lot of time pursuing ill gotten wealth as opposed to creativity to pursue wealth.

“Official corruption and privatization of public resources have caused massive losses in public revenue.

“Indeed the truth is stranger than fiction in this matter of corruption in the public service.

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