Emmanuel Onwubiko: Nigeria's Corruption: a challenge of governance

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Corruption is a cancer: a cancer that eats away at a citizen's faith in democracy, diminishes the instinct for innovation and creativity; already-tight

Corruption is a cancer: a cancer that eats away at a citizen’s faith in democracy, diminishes the instinct for innovation and creativity; already-tight national budgets, crowding out important national investments. It wastes the talent of entire generations. It scares away investments and jobs.

Coincidentally, the massive hunger that buffeted millions of Nigerians and forced them to fight to stay alive, happened together with the nationwide protests by Nigerians against police brutality. One would ordinarily think that the record breaking and laudable breakthrough of scientists in finding some medical means like vaccines to ameliorate the global impact of the once dreaded Covid -19 virus would at least reduce the rate of poverty in Nigeria.

So you then begin to wonder about the unchecked trends of Crude oil theft amidst the presence of the armed forces which made President Muhammadu Buhari take this seemingly illegal step of assigning the job of securing crude oil pipelines to a private person. This shows that corruption has crippled the operational capacity of the military. This much was also disclosed recently by the chairman of the independent corrupt practices and related offences commission.

Mr. Emefiele stated this during a panel session at the Nigeria International Economic Partnership Forum held in New York, United States of America. He said the CBN was already addressing the situation with its RT 200 project which will help boost foreign exchange supply with non-oil export proceeds repatriation.

The Nigeria Customs Service recently questioned the National Petroleum Company Limited’s claim that the country consumes 60 million litres of petrol daily. “Scientifically, you cannot tell me that if I fill my tank today, or tomorrow, I will fill the same tank with the same quantity of fuel. If I am operating a fuel station today and I go to Minna depot, lift petrol and take it to Kaduna, I may get to Kaduna in the evening and offload that fuel. There is no way I would have sold off that petrol immediately to warrant another load.

According to ICPC, on electronic transactions alone, N24trillion has been transacted between January to June this year , which is always about N50trillion yearly, adding that Corruption in Nigeria is highly systemic or malignant by being carried out in most of the government owned agencies , particularly the revenue generating ones .

 

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Atiku is the most qualified to fight corruption in Nigeria....I kid you not.... GetyourPVC

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