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Nigeria, 2nd Most Corrupt In W’Africa Under Buhari -TI … We Are Vindicated, Says PDP As FG Faults Rating

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The Peoples Democratic Party (PDP), yesterday, said the damning 2019 corruption index report on Nigeria by Transparency International (TI), is a vindication of its stand that corruption has worsened under President Muhammadu Buhari and the ruling All Progressives Congress (APC).
The party said it is a national embarrassment “that under an administration by the same leader who wears the medal as ‘African Union (AU), Anti-Corruption Champion,’ and whose government boasts of zero-tolerance for corruption, our nation now ranks as fourth most corrupt country in West African and one of the leading most corrupt countries of the world.”
In a statement issued by its spokesman, Kola Ologbondiyan, the PDP chided President’s Buhari’s handling of the economy since he came to power in 2015.
The statement read: “The TI report, which shows our country dropping to a malodorous 26, from the already disapproving 27 points it maintained since 2017, has further exposed the Buhari administration and the APC as merely posturing as saints and hounding innocent Nigerians with fake anti-corruption war, while engaged in unprecedented looting of our national resources.
“It indeed speaks volume that the Buhari administration and the APC that came into power in 2015 on an anti-corruption mantra, has ended up becoming the most corrupt in the history of our dear nation. Moreover, the fact that the APC and its government, with their numerous megaphones, have remained silent over the report is also very revealing.
“By this TI report, Nigerians are no longer in doubt as to why our nation has been plagued with worsening economic hardship, poverty and hunger, dilapidated infrastructure and devastating retrogression in critical sectors such as health, power, education, transport, agriculture among others in the last four years while APC leaders, their families and cronies, gloat in affluence to the chagrin of Nigerians.
“Nigerians can recall that our party has since been challenging Buhari Presidency and the APC to come clean, account for the over N14trillion allegedly stolen by APC leaders from government coffers in the last four years.
“This includes the stolen N9trillion detailed in the Nigerian National Petroleum Corporation (NNPC) leaked memo; the N1.1trillion worth of crude allegedly stolen by certain APC leaders using 18 unregistered vessels; the over N1.4trillion stolen from shady oil subsidy deals as well as monies stolen from sensitive government agencies, including the Federal Inland Revenue Service (FIRS), National Health Insurance Scheme (NHIS), National Emergency Management Agency (NEMA), among others.
“It is now clear that the Buhari administration and the APC have not only failed in their boasts to tackle corruption and insecurity but have ended up economically despoiling our nation and worsening our security challenges.
“The fact remains that the Buhari Presidency and the APC cannot controvert these damning facts. The only thing left for them is to apologize to Nigerians and get ready for their place in the dustbin of history as the worst government and political party ever in the history of our nation,” the PDP spokesperson said.
Meanwhile, the Federal Government has berated Transparency International (TI) for naming Nigeria as the second most corrupt country in West Africa in the 2019 Corruption Perceptions Index (CPI) released, yesterday.
The Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), said there was no evidence to back the report by TI, which placed Nigeria at 146 out of the 180 countries on the 2019 Corruption Perception Index (CPI).
In an interview on Channels Television’s LunchTime Politics, yesterday, Malami said TI’s report had no bearing on reality.
He said, “In terms of the fight against corruption, we have been doing more, we have done more and we will continue to do more out of inherent conviction and desire on our part to fight against corruption devoid of any extraneous considerations relating to the rating by Transparency International.
“Our resolve to fight corruption is inherent, and indeed, devoid of any extraneous considerations, we will continue to do more and we will double efforts.”
Speaking from the perspective of performance, Malami said there was nothing that has not been done as a nation in the fight against corruption.
Nigeria has slipped on Transparency International’s Corruption Perception Index 2019, scoring 26 per cent.
Nigeria scored 27 out of 100 in TI’s 2018 report but dropped by a point in 2019, making Africa’s most populous country take the 146th position.
Malami complained that the Muhammadu Buhari-led Federal Government has done more in the fight against corruption.
He also said there are no proofs by Transparency International to rank Nigeria 146 out of 180 countries on the 2019 CPI.
Malami, however, urged Transparency International to provide indices and statistics, from which it got its facts and figures.
The justice minister said the facts on the ground did not correlate with the information dished out by Transparency International, adding that that there was nothing that has not been done as a nation in the fight against corruption.
“In terms of legislation, we have done more, in terms of enforcement we have done more, in terms of recovery of looted assets we have done more, and in terms of political goodwill, we have demonstrated extra-ordinary political goodwill,” Malami stated.
Malami challenged Transparency International to provide indices and statistics from which the organisation adjudged that Nigeria is not doing enough in its fight against corruption, adding that for a conclusion to be legitimate, then there has to be specific facts and figures to establish a position.
However, the TI’s latest report states that Africa’s most populous country, like most other countries in Sub-Saharan nations, has continued to witness a high rate of corruption which has now worsened due to vote-buying.
After more than four years of anti-corruption campaign by the Buhari administration, Nigeria was ranked 146th out of the 180 countries surveyed by the group, one of the worst ranking in the last few years.
Nigeria was 144th in 2018.
Nigeria’s score of 26 out of 100 points in 2019 is below the global average of 43.
In Africa, countries such as Botswana (61), Cape Verde (60), Rwanda (53), Namibia (52), Senegal (45), South Africa (44) and Tunisia (43) met the average.
Also, Benin (41) Ghana (41), Morocco (41), Burkina Faso (40), Lesotho (40), Ethiopia (37), Tanzania (37), Algeria and Egypt (35), Zambia (34), Sierra Leone (33), Niger (32), Malawi (31), Djibouti (30) and Guinea (29) are ranked higher than Nigeria.
Nigeria is ranked higher than Cameroon (25), CAR (25), Comoros (25), Zimbabwe (24), Madagascar (24), Eritrea (23), Chad (20), Equatorial Guinea (16), Guinea Bissau (18) and Somalia, the worst country in the world, with a score of 8 and ranking at 180th.
The CPI ranks 180 countries and territories by their perceived levels of public sector corruption, drawing on 13 expert assessments and surveys of business executives.
It uses a scale of zero (highly corrupt) to 100 (very clean).
Nigeria scored 28 out of 100 in 2016 and 2017 but fell in 2018 to 27 and fell further to 26 in 2019.
In the latest report, Nigeria scored the same as Iran, Honduras, Guatemala, Bangladesh, Mozambique and Angola.
Out of 180 countries surveyed, Nigeria scored better than only 28.
They include – Comoros, Cameroon, Central African Republic, Uzbekistan, Tajikistan, Madagascar, Zimbabwe, Eritrea, Nicaragua, Cambodia, Chad, Iraq, Burundi, Congo, Turkmenistan, Haiti, Democratic Republic of Congo, Libya, Guinea-Bissau, North Korea, Venezuela, Equatorial Guinea, Sudan, Afghanistan, Yemen, Syria, South Sudan and Somalia.
The TI survey measures public sector corruption in 180 countries.
The countries with the highest score were Denmark and New Zealand which both scored 87 out of 100.
Others that were highly placed include, Finland (86), Switzerland (85), Singapore (85), Sweden (85), Norway (84), Netherlands (82), Luxembourg (80) and Germany (80).
The United States and France ranked 23, United Kingdom and Canada 12, Japan 20, and Italy 51, respectively.
At 12, Canada and UK scored 83 and 81 in 2015, 82 and 81 in 2016, 82 and 82 in 2017, 81 and 80 in 2018 and 77 apiece in 2019, respectively.
Japan ranked 20, scored 75 in 2015, 72 in 2016, 73 in 2017, 73 in 2018 and 73 in 2019.
Tying at a rank of 23 in 2019, US and France scored 76 and 70 in 2015, 74 and 69 in 2016, 75 and 70 in 2017, 71 and 72 in 2018, and 69 and 69 in 2019, respectively.

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

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President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.

Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.

He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.

“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.

He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.

The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”

Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.

He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.

“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.

The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.

Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.

Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.

Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.

Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.

“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.

He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.

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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow  …Restates Commitment Towards Veterans’ Welfare

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The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.

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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.

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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.

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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.

?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph,  Port Harcourt”, he said.

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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.

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Fubara Redeploys Green As Commissioner For Justice

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The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.

Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.

This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.

According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.

The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.

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