The Minister of Information and Culture, Alhaji Lai Mohammed, has said the report of an alleged $1.2bn(about N400bn) in his bank account is far from the truth.
Mohammed rubbished the claim in Ilorin, the Kwara State capital at the Annual National Conference and General Meeting of the Nigerian Institute of Public Relations (NIPR) where he said it will take him over two decades to make that kind of money as minister of information and culture.
His word, “How else can you explain that people will believe and circulate a fake
report that the Minister of Information and Culture that is yours truly has 1.2 billion dollars in his imaginary bank account?
“Let’s examine this for a moment. 1.2 billion dollars is about N400 billion. “The entire yearly budget of the Ministry of Information and Culture, where I preside, is under 15 billion Naira and these include salaries, overhead and capital projects.
“Assuming, without conceding that the Minister somehow manages to transfer the entire budget into his personal account, it will take 25 years for him to amass N400bn. Yet, this disinformation was lapped up by the public.”