The Nigerian anti-corruption agency, EFCC arrested him in Jos, the Plateau State capital on 80-count charge of theft and money laundering during his tenure, between 1999 and 2003.

Nigeria officials from local, state to federal governments routinely rob the oil-rich African nation silly, leaving the county’s infrastructures in decay and shambles.

The nation’s anti-corruption tsar recently release a report stating that past leaders had stolen over $380bn from the Nigerian treasury since independence.

Mr. Ribadu said he had come up with his figure of $380bn stolen or wasted since independence "easily" through records kept by the Nigerian central bank and the ministry of finance.

"Basically, this money has gone to waste, nothing much to show for it," he told the BBC's Network Africa programme.

Clinical investigation may show that more money was actually stolen but $380bn is a mega tsunami figure.

That amount could develop Nigeria to first-world level and make very Nigerian a multi-millionaire.

Nigeria past leaders both military and civilians invested most the money outside the country and live opulent lifestyle both in Nigeria and aboard.