Nigeria Lost N400bn to Corruption

Date: 15-12-2009 5:30 pm (14 years ago) | Author: Teeco Designer
- at 15-12-2009 05:30 PM (14 years ago)
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ABUJA — Pioneer Chairman of Independent Corrupt Practi-ces and other related Offences Commission (ICPC), Justice Mustapha Akanbi (Rtd), disclosed, weekend, in Abuja that Nigeria has lost about N400 billion to corrupt practices in the last few years.

Akanbi, who spoke at the 3rd National Convention of the Labour Party, admitted that the nation’s war against corruption has not been successful as the efforts made by the anti-corruption agencies have not yielded the desired result.

Akanbi who tagged the lost funds “good money down the drain”, however reiterated the need for Nigerian leaders to do away with corrupt tendencies if the nation must make progress.

In his paper titled “Curbing Corruption by Political Leaders: Challenges and Prospects” noted that the nation also must get it right electorally if the nation will not be bugged down with corrupt office holders.

He siad, “efforts made by anti-corruption agencies and bodies have not succeeded in effectively curbing the excesses of those rapacious purveyors of the hydra-headed monster of corruption who are hell bent in acquiring wealth by hook or crook”.

On the danger posed to the nation’s development by the inglorious act, he said “it is common knowledge that corruption is a fatal disease that can kill any nation, hence the need to tackle it head-on. It is beyond question that corruption stunts growth and hamper economic progress.

Source: Vanguard


Posted: at 15-12-2009 05:30 PM (14 years ago) | Addicted Hero
- Toks-E at 16-12-2009 01:45 PM (14 years ago)
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Only N400bn ?..dats nt true jare..its more dan dat

Posted: at 16-12-2009 01:45 PM (14 years ago) | Addicted Hero
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- ebony_cutie at 16-12-2009 02:35 PM (14 years ago)
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Such news is our daily tonic, we r used to it, doesnt come as surprise anymore
we r born into corruption
Posted: at 16-12-2009 02:35 PM (14 years ago) | Gistmaniac
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- teeco at 16-12-2009 02:57 PM (14 years ago)
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Quote from: ebony_cutie on 16-12-2009 02:35 PM
Such news is our daily tonic, we r used to it, doesnt come as surprise anymore
we r born into corruption

lol you believe you'r born into corruption Grin

Posted: at 16-12-2009 02:57 PM (14 years ago) | Addicted Hero
Reply
- ebony_cutie at 16-12-2009 03:03 PM (14 years ago)
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Quote from: teeco on 16-12-2009 02:57 PM
Quote from: ebony_cutie on 16-12-2009 02:35 PM
Such news is our daily tonic, we r used to it, doesnt come as surprise anymore
we r born into corruption

lol you believe you'r born into corruption Grin

yes oo, it really takes a determine heart to revert it
Posted: at 16-12-2009 03:03 PM (14 years ago) | Gistmaniac
Reply
- teeco at 16-12-2009 03:38 PM (14 years ago)
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Quote from: ebony_cutie on 16-12-2009 03:03 PM
Quote from: teeco on 16-12-2009 02:57 PM
Quote from: ebony_cutie on 16-12-2009 02:35 PM
Such news is our daily tonic, we r used to it, doesnt come as surprise anymore
we r born into corruption

lol you believe you'r born into corruption Grin

yes oo, it really takes a determine heart to revert it

Nawa Ooo Grin Grin Grin

Posted: at 16-12-2009 03:38 PM (14 years ago) | Addicted Hero
Reply
- mylyfhys3 at 6-03-2010 09:58 PM (14 years ago)
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I KNOW THE ICPC HIMSELF MUST HAVE LEAKED THIS BECAUSE HE WAS NOT GIVEN THE 200BILLION HE WAS PROMISED. I KNOW HE MUST HAVE COLLECTED THE 150BILLION HE WAS GIVEN. {ICPC}? I LIE?
Posted: at 6-03-2010 09:58 PM (14 years ago) | Newbie
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- ruffrugged at 8-03-2010 06:44 PM (14 years ago)
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mmmcheeeewwwwwwww. 400billion is a yearly event.
Posted: at 8-03-2010 06:44 PM (14 years ago) | Upcoming
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- hackynoni111 at 3-09-2015 02:16 PM (8 years ago)
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jesus... jah help us
Posted: at 3-09-2015 02:16 PM (8 years ago) | Gistmaniac
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