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Nigeria's VP: $15 Billion Stolen in Arms Procurement Fraud

Around $15 billion — equal to about half the country's foreign currency reserves — was stolen from Nigeria's public purse under the previous government through fraudulent arms procurement deals, the vice president said Monday. Africa's top oil exporter is going through its worst economic crisis in decades due to the drop in global crude prices and ministers say these problems have been exacerbated by the impact of fraud under previous administrations. President Muhammadu...

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