Nigeria's finance minister Ngozi Okonjo-Iweala revealed on Thursday that a significant portion of the billions of dollars drained from the oil savings account over the past two years was distributed to powerful governors instead of being saved for a rainy day.
Source: http://www.ereporter.com.ng/index.php/national-news/item/1715-powerful-state-governors-drained-nigeria-s-boom-time-oil-savings-okonjo-iweala