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Nairametrics

Another distortion of facts??

Ugodre Obi-chukwu by Ugodre Obi-chukwu
December 10, 2010
in Uncategorized
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?”Economic and Financial Crimes Commission, EFCC, yesterday said it recovered $1.5 billion from “just one convict,” Mrs Cecillia Ibru, former Managing Director of Oceanic Bank Plc.” Thisday.

$1.5b is about N225b and roughly 10% of our external reserves and about 7.5% of our budget. Can this be true? Or is it another “Sensationalization of Facts”?

Tags: Deepdive
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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