Nigeria’s stolen money still stashed in UK, US and other havens around the world – Buhari

President Muhammadu Buhari has said that money stolen from Nigeria is stashed in major European cities, the US and other havens around the world.

He made the disclosure on Monday, November 12, during an interactive session with the Nigerian community in France, The Punch reports.

A statement by his special adviser on media and publicity, Femi Adesina, made available to journalists in Abuja, read that Buhari blamed the elites for allegedly looking away while the money which could have been invested in the education sector was stolen.

The president stated that Nigeria’s current education budget which stands at 5% was inadequate and far off the 26% recommended by the United Nations.

He however assured Nigerians that his administration was committed to improving the education sector just as it had improved roads and rail lines.

“We are currently reviewing investments in the entire infrastructure of the country like road, rail and power, including investing more in education. We will certainly need to do more in education,” Buhari said.

The president said the stolen money could have made a difference if it was spent on education.

“My frustration is that some people still have plenty of stolen money stashed in Europe, US and other countries,” he said.

The president appealed to elites both at home and abroad to help develop the education sector by contributing to support the government.