Tag Archives: corruption

Nigerians’ Travails, Endless Hunt for Change and the Gathering Storm: Where Lies the Hope?

A spectre is haunting our fatherland. What a spectre!, that is occasioned by the palpable atmosphere of discontent, feelings of dispossession, sense of abandonment and ignominy of existence writ large in our land. Horror-struck and appallingly exasperated that in a … read more »

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Egypt Freezes Mubarak’s Assets, Estimated Up to $70 Billion

Egypt’s public prosecutor today took steps to freeze the foreign assets of deposed Egyptian president, Hosni MubarakHosni Mubarak. Reuters reports the move is a signal Mubarak will be held accountable by those to whom he handed power more than a … read more »

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What is political corruption?

The table below shows estimates of the funds allegedly embezzled by some of the most notorious leaders over the last three decades (from TI Global Corruption Report 2004:13). They represent only the tip of the iceberg of the problem of … read more »

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Political Corruption in Nigeria: Who to blame?

Political corruption is not a recent phenomenon that pervades the Nigerian state. Since the creation of modern public administration in the country, there have been cases of official misuse of resources for personal enrichment.The rise of public administration and the … read more »

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Wikileaks: How Nigeria blackmailed UK over Ibori

The Nigerian government refused to discuss a prisoner transfer agreement with Britain in 2009, insisting that the Crown Prosecution Service dropped corruption charges against former governor of Delta State, James Ibori, WikiLeaks documents disclosed Friday. Britain is keen to secure … read more »

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Nigeria: EFCC opposes motion in Akingbola case

The motion by six top management staff of Intercontinental Bank, urging a Federal High Court in Lagos, to strike out the 23-count amended charge against them, was yesterday opposed by the Economic and Financial Crimes Commission (EFCC). The officials, together … read more »

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UK prosecutor indicts Ibori’s wife, Delta gov

UK prosecutors trying former Delta State first lady Theresa Nkoyo Ibori, on Friday, painted a detailed portrait of Mrs Ibori’s extensive role in her husband’s looting of public funds. The prosecutors also implicated current Delta State Governor Emmanuel Uduaghan, in … read more »

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Kenyan foreign minister quits over $14m Scam

NAIROBI, Kenya — Kenyan Foreign Minister Moses Wetangula said Wednesday he was resigning amid allegations of corruption against him in the latest sign of a crackdown following the adoption of a new constitution. “I have made a personal decision to … read more »

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Nigeria, world’s 44th most corrupt country – TI

LAGOS—AMID declining socio-economic indices, Nigeria is recording a mileage in unexpected quarters. It is the 44th most corrupt country in the globe, according to the 2010 Corruption Perception Index, CPI mid-wived by the Transparency International, TI. The report showed that … read more »

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Report: Corruption Aggravates Poverty

Anti-corruption group Transparency International said in a report that corruption aggravates poverty and slows economic development. Tuesday’s report is based on surveys of perceived corruption in nations around the world. The authors say systemic corruption can add 20 percent to … read more »

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