-
Nigeria: IMF Puts Global Bribery Cost At $2 Trillion A Year
This Day, 20 September 2017
The International Monetary Fund (IMF) has estimated that the annual cost of bribery -- just one sub-set of corruption -- to be between $1.5 and $2trillion. Read more »
IMF Puts Global Bribery Cost At U.S.$2 Trillion A Year
Christine Lagarde has said that bribery and corruption is one of the factors that have hindered growth in a lot of African countries, including Nigeria. Lagarde pointed out that in order to tackle corruption, there was the need to "acknowledge the problem plainly and measure its impact accurately".
InFocus
-
Since leaving office in 2015, former oil minister Diezani Alison-Madueke has been implicated in bribery, fraud, misuse of public funds and money laundering cases in Nigeria, ... Read more »
-
U.S. authorities are investigating China Petroleum & Chemical Corp over allegations that the state-controlled oil producer paid Nigerian officials about U.S.$100 million worth of ... Read more »
-
Police officers, judges and prosecutors are the most corrupt public officials in Nigeria, the National Bureau of Statistics said in its latest report. At least N400 billion ... Read more »
