Nigeria's Missing Billions and Trillions

21 December 2012
analysis

It used to be tens of millions of naira and occasionally, hundreds of millions of naira and when a corruption incident amounting to a billion naira was mentioned, we were stunned, disgusted and spoke about it intensely for weeks.

Now misappropriation of public funds in Nigeria is recorded in billions and trillions of naira such that cases involving mere millions no longer elicit media scrutiny or a shocked reaction from the public. The increase in the scale of corruption has been followed closely by an increase in our disillusionment as we are becoming numbed to the mind-boggling figures.

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