- Many rich Nigerians rob the whole country worth billions every year with their private jets
- The Minister of State for Mining and Steel Development, Uche Ogah, revealed, that the plane is sometimes used to smuggle gold
- Ogah believes that in order to contain this, the federal government must set up a special security agency that wants to monitor mines < / li>
Uchechukwu Ogah, Minister of State for Mines and Steel Development, made a disturbing revelation about gold smuggling in Nigeria.
The minister announced on Tuesday, September 14th that some private jets were being used in the country to illegally transport the gemstone, reports the Daily Trust.
Ogah said this during an investigative hearing into illegal mining and US $ 9 billion annual loss illegal gold smuggling organized by the Senate.
The minister stated that his act robs the federal government of billions of foreign currency annually and as such the perpetrators must be severely punished.
In his submission, he stated:
“Gold smuggling in Nigeria is often done with private jets, which is exactly why private jets are owned and operated in the country must be rationalized.
“In order for these crimes to be combated with determination, strong punitive measures such as capital penalties must be provided for by law.
He added that This trend is thriving because some security guards are working with people involved in this nasty business, Punch added. Ogah, therefore, suggested that there be one way to eliminate this threat established federal mine police, special tribunals for crime novels nelle, an adequate funding of the ministry and a reorientation of the citizens in this matter “> Meanwhile, the Minister of Mines and Steel Development, Olamilekan Adegbite, said the government plans to facilitate access to credit for small and medium-sized businesses by setting up deposit banks to collect gold jewelry as collateral.
Adegbite said plans are being made to swap loans for gold. He said that Nigerian banks and his ministry had started talks on the initiative that will boost the sector.
Under an agreement between the ministry and the financial sector, lenders would be small and Offer certificates to medium-sized companies after receiving the gold jewelry. This certificate is used by the entrepreneur to apply for a loan.