Editorial
Corruption And Dev Nations:That World Bank Alarm
The recent alarm raised by the World bank to the effect that a whooping $40 billion belonging to developing nations, is stolen annually and stashed in dedicated foreign accounts by corrupt leaders, presents another opportunity to address corruption and its negative impact on poor nations.
World Bank Managing Director, Ngozi Okonjo-Iweala, while lamenting the perpetual under development of beggerly nations, most of them, from sub-saharan Africa, blamed their perennial backwardness on rogue leaders who, rather than address basic infrastructal needs of their people divert scarce resources into their private accounts.
This would not be the first time corruption among African leaders would attract attention of the international community, but coming from a World bank chief, without doubt, typifies the degree of the malaise and a such, must not be treated with the familiar levity of the past
Apparently disturbed by the retrogressive level of the economies and peoples of the affected nations, Okonjo-Iweala called on World leaders, especially, those of the top most industrialised nations, to address the situation, as they gather in Canada between June 26-27, this month, for the G-20 summit.
It is no secret that, in Africa and most developing nations, corruption is not merely pervading or growing but rather entrenched since independence. It is on record that corruption in Africa started about 50 years ago, when, many African nations gained independence but assumed very disturbing proportions with emergence of military dictatorships which unfavourable political and economic environment encouraged capital flight to Europe and United States of America, through the connivance of foreign crooks.
Instructively, most African countries became increasingly indebted to their colonial masters through whose stooges and foreign accomplices, legitimately acquired wealth found safe havens abroad for fear of the then prevalent economic and political uncertainties, while illegitimate wealth was easily spirited away by corrupt leaders who preferred to flee from the unconducive environment they created. In all these, the wealthy nations looked the other way, because the stolen funds boosted their own economies at the expense of the poor nations into whose development such funds should have been channeled.
A study of 33 Sub-Saharan African countries, revealed that between 1970 – 2004 private external assets far exceeded public external liabilities which made some powerful individuals far richer than their countries and by 2004 total capital flight of such countries was $443 billion compared to external debt of $195 billion.
Without doubt, capital flight has become the safest means of underdeveloping already poor nations. Besides the fact that such money ought to be used for developing such nations, it also denies the concerned masses the benefits of direct investment and the multiplier effects of their own country’s resources. Even more painful is the fact that such monies in foreign accounts are not ever taxed by their primary owners thus denying such countries of funds, and the people left with the burden of direct denial of amenities and indirect payment of external debts.
Not only that, it is estimated that 30 per cent of every dollar spent on imports leave the country as capital flight by corrupt officials through over-invoicing of imports and under-invoicing of exports.
Also worthy of note is the high level of internal corruption in Africa which undermines the impact of investments made to meet the target of the Millennium Development Goals.
It not only caused preventable deaths but increased the number of people living on less than two dollars a day from 292 million in 1981 to 555 million in 2005.
Rather than count our gains and pride in our developmental strides since independence, it is indeed sad that African nations through their corrupt leaders are entangled in retrogressive actions that perpetually enslave their peoples over the years with the collaboration of their foreign counterparts.
This is why we support the clarion call by the World Bank to redress the situation, by enlisting the cooperation of the G-20 Summit scheduled for Canada, this weekend. With the International Monetary Fund (IMF) and the World Bank as members, and with countries representing 90 per cent of global gross national product, 80 per cent of World trading and two-thirds of world population, the G-20 stands the best option to tackle the menace of capital flight from developing countries.
Another way of checkmating corruption is for global bodies such as the United Nations to institute sanctions on countries like Switzerland, that directly or indirectly encourage corruption among African leaders by safeguarding their dubious secret accounts. It will also be necessary to force such finance houses to expose identities of such ‘big-time’ customers periodically
To further tighten the noose on perpetrators of global corruption, we believe that an independent central bank for Africans, if established would help prevent corrupt officials from transferring money to foreign accounts.
But should they scale the hurdle, the masses would wish to see their corrupt leaders transparently prosecuted through functional and proactive anti corruption agencies instituted locally and internationally and strengthened to facilitate their arrest.
The World Bank also has a role to play in redressing the woes of developing countries through humane lending policies to Africa rather than imposing very strangulating conditions like structural adjustment programmes, privatisation and import liberalisation that mainly favour the developed world. It should instead help discourage corruption at the highest level through its international network.
Most importantly, the World Bank should support positive efforts at instituting democracy and good governance in African countries such as Nigeria, where, such collaboration would have immeasurable impact on current electoral and banking reforms as well as encourage other fledging anti-corruption agencies.
Editorial
2027: Beyond IGP’s Billboards Protection Order
As Nigeria moves toward the 2027 general elections and campaign activities intensify, violence against opposition politicians has become an issue that can no longer be overlooked. What should be a season of competing ideas is increasingly turning into a test of intimidation, and early signs suggest that those challenging the ruling establishment are the primary targets.
It was, therefore, welcome news when the Inspector-General of Police, Olatunji Disu, warned politicians, political thugs and others against destroying, defacing or removing campaign posters, banners and billboards. In a statement issued in Abuja by the Force Public Relations Officer, CSP Ani Iniedu, the police condemned such acts as political intolerance, directed Commissioners of Police in all 36 States and the Federal Capital Territory to take preventive measures, and warned that sponsors would also face prosecution. The police rightly described such vandalism as a criminal act that undermines parties’ and candidates’ freedom to canvass for votes.
But billboards are replaceable; human lives are not. While applauding the IGP’s stance, we urge him to extend the same stern warning and enforcement zeal to thugs who assault opposition members during campaigns. A police force that punishes the tearing of a poster but ignores the breaking of a skull will have its priorities questioned. Allowing such attacks to continue could erode the foundations of our democracy.
Consider the African Democratic Congress (ADC) presidential campaign flag-off in Sokoto State on November 4, 2026. The party alleged that the State Government denied it access to public facilities, sealed its campaign venue and pressured hotels to reject its delegates, forcing it to hold the rally at its secretariat. The Sokoto authorities, however, denied instructing hotels to turn guests away. More seriously, two suspected ADC supporters were reportedly shot along the Sokoto–Wurno Road while travelling to the venue, allegedly by operatives of the Sokoto State Community Guards.
Whatever the truth of these competing accounts, a shooting demands more than press statements. It requires a transparent, independent investigation and prosecution where warranted. Sokoto was not an isolated incident. The following day in Birnin Kebbi, the ADC presidential campaign convoy was reportedly attacked by armed gangs. Amnesty International said vehicles were vandalised, people assaulted with cutlasses and roads blocked, while the party’s Kebbi governorship candidate, Abubakar Malami, alleged that media equipment was destroyed and tear gas deployed. His convoy had suffered a similar attack in the city in September 2025.
The Nigeria Democratic Congress (NDC) has suffered similar attacks. On November 4, hoodlums stoned the motorcade of its presidential candidate, Peter Obi, and running mate, Rabiu Musa Kwankwaso, at Watt Market roundabout in Calabar, Cross River State. Police reported arresting a 27-year-old suspect, Victor Edet, although it remains unclear whether he has been arraigned. The State Government has denied suggestions that ruling-party supporters were responsible. Worse, in Asaba, Delta State, one person was killed and five injured when suspected thugs attacked an NDC rally. A death at a political rally is no longer a warning; it is a damning indictment of the prevailing political climate.
Even critics of the establishment who are not frontrunners have not been spared. Omoyele Sowore, presidential candidate of the African Action Congress (AAC), was attacked by suspected thugs at a restaurant in Ado-Ekiti on October 30. He alleged that the assailants were linked to the Ekiti State Government House and that the Department of State Services leaked his location. Both the State Government and the security service denied involvement, while the police reported a minor injury and a discreet investigation. These conflicting accounts make an independent, publicly reported inquiry indispensable.
What deepens the concern is the Federal Government’s apparent silence. We are unaware of any specific, forceful condemnation of these assaults, even as All Progressives Congress (APC) rallies appear to proceed nationwide without incident. Such silence can easily be misconstrued as complicity, regardless of intent.
According to the Centre for Democracy and Development, 109 election-related deaths were recorded in the build-up to the 2023 polls. The Kimpact Development Initiative separately documented 238 incidents and 24 deaths during the general elections. Beyond Nigeria, Kenya’s 2007–08 post-election violence claimed more than 1,000 lives, according to the Waki Commission. Ghana, by contrast, enacted the Vigilantism and Related Offences Act in 2019 to curb party vigilante groups, a model worth studying.
The remedies are neither exotic nor expensive. The IGP should extend his directive to cover assaults on individuals and disruptions of rallies, while establishing a dedicated investigative unit to probe the Sokoto shooting and the attacks in Kebbi, Calabar, Asaba and Ado-Ekiti. It should publish the status of each case within a fixed period. Suspects must be prosecuted and their sponsors, regardless of party or position, brought to justice. State-backed security outfits, including the Community Guards, should be audited and barred from partisan duties.
The Federal Government must speak and act unequivocally. President Tinubu should specifically condemn attacks on opposition candidates and direct all security agencies to guarantee equal protection for every party. Governors must ensure equal access to public facilities for registered parties. The Independent National Electoral Commission (INEC), which has warned of fines and imprisonment under the Electoral Act 2026 for inflammatory campaign conduct, should enforce the Code of Conduct for Political Parties. Working with the Inter-Agency Consultative Committee on Election Security, it should publish a joint security plan covering campaigns, polling, and collation. Parties must discipline their supporters, courts expedite electoral-violence trials, and civil society and the media maintain a public record of incidents and their outcomes.
The credibility of the 2027 elections is at stake. An election is credible only when every contender can campaign, travel, assemble and speak freely, without fear. Without a free opposition, there can be no meaningful democracy. Nigeria is not a one-party State, and law enforcement agencies must demonstrate their neutrality through action, not communiqués. The campaign atmosphere is too tense to be left to chance. Billboards deserve protection, certainly, but citizens deserve it far more.
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