Nigeria: U.S.$480 Billion Stolen From Nigeria in 54 Years - Chatham House Reports

A Chatham House report launched yesterday in Abuja has estimated that at least $480 billion was stolen by corrupt officials between 1960 and 2004.Chatham House, the Royal Institute of International Affairs, is an independent policy institute based in London.

The report, titled "Collective Action on Corruption in Nigeria, a Social Norms Approach to Connecting Societies and Institutions," said that close to $400 billion was stolen from Nigeria's public accounts from 1960 to 1999. It added that between 2005 and 2014, $182 billion was lost through illicit financial flows from the country.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.