Showing posts with label graft. Show all posts
Showing posts with label graft. Show all posts

Thursday, February 28, 2013

Nigeria has lost $400bn to graft –Ministry official





Deputy Director of Reforms at the Ministry of Petroleum Resources, Dr. John Magbadelo, on Thursday in Abuja introduced a new twist to the recruitment scandals rocking the nation’s federal civil service with a call on anti-graft agencies to probe the process of employment, promotions, postings and deployments in the public service.
Magbadelo said processes in the federal service “are riddled with corruption,” and that the country lost over $400bn to corruption over a period of 33 years  between 1966 and 1999.

“The cancerous rot which has continued to impair the growth of potential of this country seems to have defied every therapy. It was estimated that Nigeria had lost to corruption as much as $400 bn between 1966 and 1969. Yet corruption in Nigeria preceded 1966 and has continued ever since even beyond 2007 with greater ferocity and intensity,” he said.

ST

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