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Published On: Mon, Feb 24th, 2014

Missing’ $20bn can build refinery, 2 airport terminals, 37 hospitals, 76 schools-Oyebode

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By Etuka Sunday

The Chief Executive Officer of Murtala Mohammed Foundation, Ms Aisha Oyebode said the alleged missing $20 billion could build refinery, two airport terminals, 37 hospitals and 76 schools among others.

Oyebode who did an online shopping with the amount to know what the money could buy discovered that Nigeria could be transformed if the said missing $20 billion was to be judiciously used in the country.

She said 76 state of the art secondary schools would cost only $1.3 billion and that if Aliko Dangote promised last year to build refinery at the cost of $9 billion, then $9 billion could be taken from the amount to build refinery.

The findings of her report further revealed that 37 state of the art hospitals could be built from the same amount at the cost of $2.6 billion, while airport terminal would cost $7.5 billion.

She gave others as: $1 billion for cement plant, $2.35 billion 10 five star hotels, $1.14 billion20 state of the art mall, $1.14 GSM license etc.

Speaking on the research, Ms Oyebode said, “In the course of discussion, it suddenly occurred to me that I just couldn’t comprehend what $20bn could possibly buy.

“Now if I can’t comprehend, I am sure there are many out there like me who can’t either, hence perhaps the challenge with feeling enough outrage. So I went shopping on the internet. I bought things that I could find prices for. Some not so useful like 4 GSM licenses but just to get a sense of how staggering the amount is. I am not a mathematician and my calculator kept running out of zeros, but I think quite accurate,” she concluded.

Recall that the former Central Bank of Nigeria’s Governor, Mallam Sanusi Lamido Sanusi at the senate hearing on the 4th February, 2014, claimed that NNPC was yet to remit the sum of $20 billion to the federal account against the $10.8 billion earlier reconciled.

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