Skip to content
July 20, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • It’s “fake and vicious” to say I have $1.2bn in my account – Lai Mohammed
  • National News

It’s “fake and vicious” to say I have $1.2bn in my account – Lai Mohammed

Admin April 27, 2017

The Minister of Information and Culture, Alhaji Lai Mohammed says the report that he has $1.2 billion  (about N400 billion) in his  bank account is “fake and vicious’’.

The minister stated this on Thursday in Ilorin at the Annual National Conference and General Meeting of the Nigerian Institute of Public Relations (NIPR) with the theme; “Communicating Values for Development and Sustainability’’.

The minister said that the report was invented by opposition and naysayers to malign him and the government, adding that the alleged fund is about the budget of his ministry for 25 years.

“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  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 N400 billion.

“Yet, this disinformation was lapped up by the public, he said.

The minister said that similar imaginary huge sums of money had been credited to other ministers.

He condemned the ugly trend by opposition, who were inventing the fake and malicious stories using bloggers and some online media to malign government officials.

According to him, the intention of the perpetrators and carriers of the reports are to distract the government to lose focus, but it will not fall to their antics.

The minister said that Public Relations gave him the first break in life being the profession he practiced after his graduation for over 40 years.

Mohammed, a Fellow of the Institute said that the theme of the conference was apt and called on NIPR members to be proactive in the discharge of their duties.

“You must neither be intimidated, cowed nor be overwhelmed by the cynics, you must set your own agenda and daily review such with a view to improving on them.

“You must never lose touch with your traditional constituents. You must understand the tactics of the opposition, which is ambush and irrational,’’ he said.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 newsbar newsticker recommended

Post navigation

Previous Yudala will burst the Nigerian stock market, Chris Uwaje predicts
Next Council felicitates with NCC, Danbatta over BPSR rating

Related Stories

Oyo mandates birth certificates, NIN for school enrolment — Perm Sec oyo
  • National News

Oyo mandates birth certificates, NIN for school enrolment — Perm Sec

July 19, 2026
Troops foil ISWAP mass abduction bid, rescue 46 students in Borno Troops
  • National News

Troops foil ISWAP mass abduction bid, rescue 46 students in Borno

July 19, 2026
NDLEA arrests 80-year-old grandpa, others in 3 states interdiction operations
  • National News

NDLEA arrests 80-year-old grandpa, others in 3 states interdiction operations

July 19, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Fuel price uncertainty forces marketers to temporarily halt supply — IPMAN Fuel crisis
  • Business & Economy

Fuel price uncertainty forces marketers to temporarily halt supply — IPMAN

July 19, 2026
Oyo mandates birth certificates, NIN for school enrolment — Perm Sec oyo
  • National News

Oyo mandates birth certificates, NIN for school enrolment — Perm Sec

July 19, 2026
NDLEA intercepts Kano-bound tramadol shipments, arrests 80-year-old grandpa
  • Crime and Justice

NDLEA intercepts Kano-bound tramadol shipments, arrests 80-year-old grandpa

July 19, 2026
Troops foil ISWAP mass abduction bid, rescue 46 students in Borno Troops
  • National News

Troops foil ISWAP mass abduction bid, rescue 46 students in Borno

July 19, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.