Nigeria: Fixing Nigeria's 'Socially Useless' Banks

3 February 2016
opinion

There is no shortage of excitement in Nigeria today. Although the incredible revelations regarding #DasukiGate read like something straight out of a telenovela, one must appreciate that it is necessary to purge the system of corrupt acts and persons in order for this country (and its government) to successfully function.

Many of the agencies and parastatals seem to be in a state of chaos, with their heads being successively interrogated for various counts of either fraud or mismanagement. The case of the NIMASA DG and other such agencies which earned revenue in dollars yet allegedly only remitted a lesser Naira equivalent to the Federal Government, proves that without the anti-corruption war, the many loopholes and leakages created and enforced by past administrations, would prevail, thus robbing Nigeria and its citizens of the much-needed funds to develop this country.

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