The Governor of Ebonyi State, Engr. David Umahi, on Monday revealed that many looted funds in Nigeria were stocked in foreign banks, cemeteries and underground.
He made this known while declaring open anti-corruption, ethics and integrity training for Ebonyi State local government officials, held in Abakaliki on Monday.
The Governor advocated amnesty for looters, saying such approach would help in arresting corruption and commit offenders in surrendering over 70 percent of looted public funds.
“We have so much of the looted funds trapped in foreign banks, some buried at the cemetery while many were buried underground where they were destroyed by termites.
“But if there is a negotiation like committing the looters into subtly surrendering at least 70 percent of the looted funds and keeping the rest or investing all the funds in the country; by so doing, we would have recovered the money and made use of it”, he said.