Connect with us


Iraqi govt claims $150bn oil proceeds stolen from country since US-led invasion



The Iraqi President, Barham Salih, said on Sunday an estimated $150 billion proceeds of oil sales had been stolen from the country since the United States-led invasion of 2003.

The US invasion of the oil-rich country led to the arrest of the country’s former dictator, Saddam Hussein, who was convicted by the Iraqi government for crimes against humanity and executed on December 30, 2006.

Sari stated this in televised speech after he submitted a bill on the recovery of stolen funds to the Iraqi parliament

He said: “An estimated $150 billion has been smuggled out of Iraq since 2003.

READ ALSO: Iraq confirms Iran notified it of attack on US military bases

“The bill seeks to strengthen the Iraqi people’s power to recover money stolen in corrupt transactions, hold corrupt people accountable, and bring them to justice.”

The President urged the lawmakers to discuss and approve the proposed bill to help curb corruption in the Middle East nation.

He said stolen money was enough to significantly improve Iraq’s finances.

“Here we repeat the Iraqi call we made earlier at the United Nations General Assembly, calling for the formation of a UN Court to combat corruption in line with UN policy towards ISIS,” Sari added,

Join the conversation


Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

four × 2 =