REVEALED! How Nigeria lost $9bn to Boko Haram attacks – Presidential Panel

A substantial amount of resources estimated at $9bn have been lost to insurgency, the Presidential Committee on North-East Initiative said.

According to the committee, a strategic framework would soon be set up by President Muhammadu Buhari in line with his determination to rebuild the North-East.

This was disclosed by the vice Chairman of the PCNI, Alhaji Tijani Tumsah in Abuja on Thursday.

He said: “We are not investigating anybody; there are people who are investigating such diversions. I’m glad you mentioned the Senate, the House of Representatives, police and the EFCC. Our mandate, going forward, is to provide a strategic framework for the implementation of all interventions going into the North-East in terms of humanitarian works, resettlement and eventual rebuilding of the North-East.

“In terms of cost, there is an immediate, short-term and long-term view. The entire rebuilding of the North-East, of course, will keep changing. But we do know that a substantial amount of resources estimated at $9bn have been lost to insurgency

“We are going to channel this strategic framework through a document that we have developed, that is going to be launched very soon. It is the plan of President Muhammadu Buhari to rebuild the North-East. That is the strategic implementation going forward.”