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In 2018, many government employees received annual salaries over $1 million. Corruption runs through every level of the Nigerian government. From considerable contract fraud at the top, through petty bribery, money laundering schemes, embezzlement, and seizing salaries from fake workers, it is estimated that corruption within the state ...
However, in August 2008 Emmanuel Ayoola said the commission would soon issue a list of former state governors found to have violated the provisions of the ICPC Act 2000. He noted that some of them were already being prosecuted for money laundering, and said the ICPC was scrutinising the file to see whether there are cases they could pursue. [23]
In some cases, government officials have broad or ill-defined powers, which make it difficult to distinguish between legal and illegal actions. Worldwide, bribery alone is estimated to involve over 1 trillion US dollars annually. [3] A state of unrestrained political corruption is known as a kleptocracy, literally meaning "rule by thieves".
The court ruled that the government should disclose the "exact amount of money stolen by General Sani Abacha from Nigeria and the total amount of Abacha loot recovered and all agreements signed on ...
The federal government says having companies compete for these contracts lowers costs by $1.6 billion — money which allows more needy families to get formula. Newsy Investigates The Baby Formula ...
Sambo Dasuki, the National Security Adviser who allegedly masterminded the $2 billion arms deal. The $2 billion arms deal, or Dasukigate, [1] is an arms procurement deal in Nigeria that resulted in the embezzlement of $2 billion through the office of the National Security Adviser under the leadership of Colonel Sambo Dasuki, the former National Security Adviser. [2]
It was reported that within the first two months of the Whistle-blowing policy in Nigeria, that Nigeria's Federal Government recovered over $178 million that was stolen from the government. By June 5, 2017, the Federal Ministry of Finance received a total of 2,150 tips from the public. 128 tips came through the website of the ministry, 1,192 ...
The EFCC was established in 2003, partially in response to pressure from the Financial Action Task Force on Money Laundering (FATF), [2] which named Nigeria as one of 23 countries non-cooperative in the international community's efforts to fight money laundering. [1] The agency has its head office in Abuja, Nigeria. The EFCC was also set up to ...