Connect with us

Business

Resolving The Corruption Albatross

Published

on

Today, October 1, 2017 marks the 57th birthday of the nation, Nigeria. Born October 1, 1960, Nigeria has been saddled with avalanche of problems in her quest to achieve laudable political administration, crime and crisis management and infrastructural development initiatives.
Be that as it may, one of the monstrous albatross around Nigeria’s  neck  since inception,  is corruption which historians claim came into being shortly after the proclamation of her independence.
Nigeria, which is the most populated country in Africa, has been ranked high in corruption by Transparency International and other notable organisations that monitor corrupt practices around the world. They do not have anything good to say about Nigeria at all. High corruption rankings affect almost all Nigerians who migrate to foreign countries, as foreigners have the perception that since Nigeria is corrupt, so are all Nigerians.
In 2012, Transparency International deemed Nigeria one of the most corrupt nations in the world. In that year, the country ranked 139th out of the 176 surveyed countries, making Nigeria the 37th most corrupt nation.
In 2013, Nigeria ranked 144 out of 177 surveyed countries in terms of transparency. The score made Nigeria 33rd most corrupt country in the world that year. The result published by the organization also showed that Nigeria scored 25% out of 100 in terms of transparency.
In the 2014 ranking, Nigeria was ranked 136 out 174 surveyed countries (Transparency International 2014). The result showed that there was an improvement, though things were still bad. Nigeria was the 38th most corrupt country in the world in 2014.
With the emergence of a new government in 2015, many Nigerians were having great faith that corruption in the country would be minimised. In that year, power left the hands of Peoples Democratic Party (PDP) to All Progressives Congress (APC). One of the campaign promises made by the present President Muhammadu Buhari and his APC-led Federal Government was the massive eradication of corruption in the country.
Irrespective of the campaign promises, Nigeria ranked low in transparency and high in corruption in that year. In the year 2015, out of the 168 countries surveyed, Nigeria was seen at the bottom of the table in the category of number 136. This implies that Nigeria was the 32nd most corrupt country in the world in 2015.
Also, over two-thirds of the 176 countries and territories surveyed in the 2016 year index fell below the midpoint of Transparency International scale of 0 (highly corrupt) to 100 (very clean). In the last year’s survey, Nigeria sat at number 136 on the table with Guatemala, Kyrgyzstan, Lebanon, Myanmar, and Papua New Guinea. From calculation, it shows that Nigeria and the mentioned countries were ranked 40th most corrupt in 2016.
Therefore, judging the APC-led Federal Government of President Mohammadu Buhari against the yardstick it had set for itself, by comparing its performance to date to its key electoral promises, it is hard to get away from watchers’ observation that the administration is performing below expectations.
The ‘reactivation’ of the EFCC as soon as the APC took over power seems to have got a lot of Nigerians and foreigners alike excited once again that Nigeria may finally be dealing with its decades-long reputational challenge; corruption. It is hard to read a Nigerian media outlet any week these days without spotting some reference to EFCC’s work. High profile arrests have been made, discoveries of allegedly embezzled funds have been announced, and a lot of this seems on-going.
However, as significant as these activities may be, the APC-led government will likely continue to struggle to convince Nigerians and the world that the Buhari administration is serious about tackling corruption until the government is able to secure conviction and imprisonment of corrupt public officials and equally direct its efforts at corruption endemic institutions.
Thanks to the first ever large-scale household survey on corruption released recently by the country’s National Bureau of Statistics (NBS). According to the report, nearly a third of Nigerian adults who had contact with local public officials in the period under review reported cases where bribes were solicited or paid to public officials. On the average, Nigerians pay six bribes per year, or one every two months. NBS estimates the total amount of bribes paid to public officials at $4.6 billion in purchasing power parity terms—the equivalent of 39% of the country’s federal and state budgets for education last year.
The report canvassed 33,000 households across the country about whether they had been asked to pay a bribe, and complied, between June 2015 and May 2016, found that bribes were mostly paid to facilitate bureaucratic tasks such as obtaining a driving license or a land ownership certificate.
They were also commonly paid to avoid payment of fines (for breaking traffic laws, for example) and to avoid cancellation of a public utility, like electricity and water supply. The report found that almost 70% of bribes collected by public officials were paid before a service was rendered.
While corruption is prevalent across most government agencies and departments, NBS report Nigeria’s police officers were the most likely of all civil servants to solicit and collect bribes. “Of all adult Nigerians who had direct contact with a police officer in the 12 months prior to the survey, almost half (46.4%) paid that officer at least one bribe,” NBS’ report said. Prosecutors and judges were found to be the next most likely to request and collect bribes.
For decades, corruption has been viewed as a menace in Nigeria. NBS’ data-led research, the first official government survey of pubic officials’ corrupt practices, crucially reveals the extent of the rot. For the most part, the government’s anti-corruption efforts have been focused on large-scale scams involving prominent government officials and contracts. But with bribery seemingly institutionalised in public processes, it’s a problem that runs deep. Identifying how deep might be the first step to curbing it.
NBS’ report also suggests that the corruption problem won’t go away soon, as Nigerians rarely report bribery solicitations and payments—only 3.7% of those surveyed reported to the authorities that they paid bribe. The low rate is attributed to a lack of faith in the ability or willingness of the authorities to crack down on bribery. In many cases, these officials are caught in a vicious cycle of corruption. NBS’s report finds that more than 15% of households with a family member in public administration had paid a bribe.
Based on these negating statistics, that public patience on this issue is starting to run thin is obvious, criticisms from various quarters have alluded to the argument that the EFCC, as it is presently constituted, serves as a tool to witch-hunt the opposition which, indeed, appears to be greater preoccupation of the APC-led government.
Nigeria’s National Judicial Council has protested the findings, calling the report “untrue, baseless, unfounded and a figment of the imagination” of the NBS. Nigeria’s Police Force also pushed back, claiming that things aren’t as bad as the report makes out. This narrative has already been dismissed by Nigerians, who are sharing stories of less than pleasant (and legal) encounters with the police.
Joining in the view of most Nigerians in an interview with The Tide, a Port Harcourt based legal practitioner, Barr. Ampi  Gogo  Blankson argued  that the various institution set up to fight corruption are not being strengthened, rather they are being used to score political points and to target perceived political enemies.
He posited that most of the activities of the Economic and Financial Crimes Commission are more or less politically orchestrated. To buttress his point, Barr. Blackson made reference to the former governor of Enugu State, Sullivan Chime and a former Governor of Ebonyi State who decamped from their parties to the APC to seek refuge and escape politically motivated prosecution.
He said this has created palpable fear amongst the citizens who restrain themselves from speaking out their minds on the ill of the present government. “Nothing, has really changed rather people are afraid of those in government”, he said.
The lawyer believed that there are so many people in the civil and public service whose record needs to be checked to acertain if their assets are properly declared, but rather the government focus on politicians perceived to be smart.
He alluded to the fact that no nation could have a completely perfect system but the purpose of setting up the anti-graft institution is far from being achieved under the present dispensation.
“Corruption should be treated as corruption, by looking into it holistically, in the universities, the Police Civil Service, hospitals, traders, civil society, judiciary amongst others.”
It is the view of Barr. Blankson that the Buhari’s administration has not shown transparency in handling recovered money, but suggested that the public should be informed on how and where the recovered funds are appropriated. He however commended the whistle blowing policy of the present administration. “One thing I must commend the government on is the aspect of whistle blowing”, he said.
He further suggested that the institution should be properly funded, best hands recruited and its independence properly defined in the statutory books to get the best out of it.
“The law enabling the appointment of the leadership of the commission should be reviewed to save it from the manipulation of the government in power,” he said.
In a separate interview with The Tide, another legal practitioner based in Port Harcourt, Barr. Chinenye Excel Ogbuji condemned the manner and approach used to fight corruption in Nigeria. “Fighting corruption with an independent institution that will outlive the persons should be encouraged. You fight corruption through an enduring institution and not the person”, he said. He cited the United States which has an enduring institution that was very curious to know how Russia infiltrated into their electoral system not minding that Trump was favoured in the election.
Barr. Ogbuji identified element of bias as regards the current crusade against corruption, stating  that the system of fighting corruption is not sincere and transparent even as it affects the management of the said  recovered funds which the government has failed to give account of.
He attributed embezzlement of public funds to “poverty of the mind” explaining that those who have acquired wealth still embezzle public funds not because they are not financially buoyant but because they want to store up wealth for their generations to come.
The legal practitioner, however, applauded the whistle blowing policy of the Buhari regime. Said he: “I was among those who advocated for whistle blowing policy”, adding,   it is a commendable effort done by the federal government and urged Nigerians to desist from misusing the policy to witch-hunt perceived political enemies.
He posited that corruption should be tackled from its root suggesting that government should help fight corruption properly by providing basic social amenities, which would curtail the thought of embezzling public fund, and as well eradicate corruption in Nigeria. “If the various basic amenities are provided, those who embezzle this money will have no reason to do so”, he said.
A businessman in Port Harcourt, Mr. Tekena Mac-Pepple Gudi also held the view that the fight against corruption of Buhari’s regime is one sided, used to fight opposition party and that its purpose has not been achieved.
Mr. Gudi further pointed out that the ruling party use their power to witch-hunt the opposition while shading those in the ruling party.  “Corruption is fought in the line of protecting their own.”
“They should first remove the plank in their eyes before removing the speck in the eyes of others. The anti-graft crusade is like thieves recovering from thieves”, he said.
Mr. Gudi stressed that, he that must come to equity must come with clean hands, saying that the ruling government must first clean themselves and that as it stands now, corruption is being fought with the sense of protecting their own.
“All we hear is print, electronic and social media trials but none is truly prosecuted”. He challenged the government to put in the said recovered funds into different sectors so that it would not look like  recovered funds were being looted again.
The Voice, a socio-political group has this to say: “the current anti-corruption campaign is one sided and biased. We expected President Buhari to be fair to all Nigerians in terms of the fight against corruption”.
The group which spoke through its Public Relations Officer, Prince Williams Chinwo however called for an independent judiciary to tackle corruption in the country.
Captain John Williams, a social critic, believed that the fight against corruption in the country is welcomed, but the presidency should ensure that there are no sacred cows.
“Anyone found to have illegally enriched himself must be punished irrespective of party affiliations”, he said.
Williams believed that the fight against corruption in Nigeria would be far better served if the EFCC would focus on incontrovertible facts as opposed to media sensationalism which in most cases are made up of distorted facts.

Amieyeofori Ibim & Janefrancess Chibundu

Continue Reading

Business

FG Begins South-West Tour To Promote New Cooperative Bank

Published

on

The Federal Government has launched the South-West zonal engagement and ministerial advocacy tour on the Cooperative Bank of Nigeria share capital mobilisation, sensitisation and cooperative sector digitalisation.
 Reports say the initiative was launched through the Federal Ministry of Agriculture and Food Security.
According to reports, the advocacy tour, organised by the ministry’s Federal Department of Cooperatives, began on Monday in Lagos.
Speaking at the event, the Minister of State for Agriculture and Food Security and Supervising Minister of Cooperative Affairs, Dr Aliyu Abdullahi, said the initiative was part of President Bola Ahmed Tinubu’s Renewed Hope Agenda.
Abdullahi described the exercise as a strategic effort to reposition the cooperative sector as a key driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity.
“Today represents a defining moment in our collective determination to reposition the cooperative sector as a major driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity,” he said.
The minister noted  the modern cooperative movement in Nigeria originated in the South-West following the 1934 Strickland Report, which led to the enactment of the Cooperative Societies Ordinance of 1935.
According to him, the decision to commence the sensitisation and share capital mobilisation tour in the region is symbolic, as it marks a return to the roots of cooperative development in the country.
Abdullahi said the advocacy tour was a direct outcome of resolutions reached at the 8th Regular Meeting of the National Council on Cooperative Affairs held in Abuja in March 2026.
He said the council approved the Renewed Hope Cooperative Reform and Revamp Programme, a comprehensive framework designed to strengthen the cooperative sector and align it with the administration’s goal of building a one-trillion-dollar economy.
“The reform programme focuses on seven strategic pillars, including governance reforms, cooperative financing and the establishment of the Cooperative Bank of Nigeria, digitalisation, capacity building, value chain development, inclusion of youths, women and persons with disabilities, and strategic partnerships,” he said.
He said the establishment of the Cooperative Bank of Nigeria and the digitalisation of the cooperative sector were the two major transformational initiatives under the programme.
“The Cooperative Bank of Nigeria is aimed at rebuilding a strong cooperative financial system capable of supporting cooperators, farmers, artisans, traders, SMEs, youths, women and persons with disabilities with accessible and affordable financial services,” he said.
Abdullahi emphasised that the proposed bank would be government-enabled but not government-funded.
“Government is not establishing the bank as an owner, nor will it rely on Treasury Single Account funds.
“The role of government through the FMAFS is to provide policy support, stakeholder coordination, regulatory facilitation and an enabling environment under the Renewed Hope Cooperative Reform and Revamp Programme,” he said.
Also speaking, the Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, reaffirmed the state government’s commitment to cooperative sector transformation.
She described cooperatives as critical tools for promoting inclusive growth, grassroots productivity, food security, financial inclusion and community wealth creation.
Ambrose-Medebem said Lagos State would continue to support reforms and collaborate with stakeholders to ensure the successful implementation of the Renewed Hope Cooperative Reform and Revamp Programme (2025–2030).
“Together, let us build a cooperative ecosystem that is modern, transparent, digitally enabled, financially inclusive and globally competitive.
“Let us build cooperatives that not only mobilise savings, but also mobilise prosperity,” she said.
Continue Reading

Business

Customs Impound N2.35bn Cocaine, 15 Trailers of Rice

Published

on

The Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘A’, Ikeja, has impound Cocaine Substance valued at ?2.35 billion alongside 15 trailer-loads of foreign rice and a wide range of contraband across the South-West.
This was disclosed to Newsmen during a press briefing in Lagos by Controller of the Unit, Comptroller Gambo Aliyu,
Aliyu revealed that the seizures were made over an eight-week period, underscoring intensified enforcement efforts.
According to him, operatives foiled 473 smuggling attempts within the period, leading to the confiscation of 8,794 bags of 50kg foreign rice, 22 used vehicles, 328 bales of used clothing, and 31,705 litres of Premium Motor Spirit (PMS).
He said other seized items include a Mercedes-Benz vehicle and various food products such as poultry, vegetable oil, spaghetti, and sugar.
Aliyu clarified that the rice displayed at the briefing represented cumulative interceptions made at different locations and times across the zone.
“All the rice you see here are accumulative of seizures carried out at different places, at different times, and through different interdictions,”
Beyond the economic implications, the Comptroller emphasized the social cost of drug trafficking, warning that narcotics continue to destroy families and fuel criminal activities.
“It may surprise you to know that many homes are broken due to drugs.
” Our mandate is to cut off the supply chain, and that is exactly what we are doing,”.
Similarly Customs operatives at the Gbaji outpost intercepted a 71 year-old suspect along the Lagos-Abidjan corridor with 6.35kg of cocaine concealed in a Toyota Highlander.
The drugs, comprising both powdered and crystalline forms, were valued at ?2.35 billion.
Under a special enforcement drive, codenamed “Operation Hawk,” the unit also seized 3,340 parcels of synthetic cannabis, popularly known as “Ghanaian loud,” weighing 1,540kg.
 The substances, along with three suspects, have been handed over to the National Drug Law Enforcement Agency (NDLEA) for further investigation and prosecution.
In a related operation, officers intercepted four cylinders of mercury hidden in a vehicle along the same corridor. Aliyu described the substance as hazardous and subject to international regulation.
Overall, the Duty Paid Value (DPV) of the seizures stands at approximately ?5.5 billion, reflecting the scale of enforcement activities.
 Additionally, the unit recovered ?97.7 million through Demand Notices issued on under-declared consignments.
Aliyu reaffirmed the Service’s commitment to deploying modern technology—including geospatial intelligence, drone surveillance, and real-time tracking—to strengthen border security and clamp down on smuggling networks.
CHINEDU WOSU
Continue Reading

Business

Dangote,  Nicolai Tangen To Partner In strategic sectors

Published

on

Chief Executive Officer of Norges Bank Investment Management, Nicolai Tangen ( manager of the world’s largest sovereign wealth fund) has expressed interest in partnering with Dangote Group to expand investments across Africa, particularly in strategic sectors such as power, energy, renewable energy, agriculture, fertiliser and cement.
This was made known during a meeting of Chief Executive of Dangote Group, Aliko Dangote  with Nicolai Tangen, the manager of Norwegian investment institution (with assets estimated at about $1.9 trillion) .
Also present at the meeting were Svein Tore Holsether, Chief Executive Officer of Yara International, and Terje Pilskog, Chief Executive Officer of Scatec, a global renewable energy company.
The engagement reflects growing international investor confidence in Africa’s industrial and infrastructure potential, as well as the increasing role of indigenous conglomerates such as Dangote Group in driving large-scale economic transformation across the continent.
Industry observers say the proposed collaboration could create significant opportunities for investments in critical sectors linked to energy transition, food security, industrialisation and infrastructure development.
The Norwegian sovereign wealth fund, regarded as one of the world’s leading institutional investors, has in recent years increased its focus on emerging markets, with Africa seen as a major frontier for long-term investment and value creation.
Analysts believe a partnership between Norges Bank Investment Management and Dangote Group could unlock substantial capital flows into infrastructure and industrial projects across Africa, helping to accelerate economic growth and regional integration.
Nkpemenyie Mcdominic, Lagos
Continue Reading

Trending