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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 ...
The Independent Corrupt Practices Commission (ICPC; in full the Independent Corrupt Practices & Other Related Offences Commission) is a Nigerian agency that was inaugurated on 29/9/2000 following the recommendation of President Olusegun Obasanjo.
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 ...
Earnipay, which has been in beta since September 2021 and only launched last month, plans to offer its on-demand salary solution to 200,000 employees by the end of 2022.
ABUJA (Reuters) -A Nigerian court on Wednesday ordered the release of Binance executive Tigran Gambaryan after the government dropped money laundering charges against him to allow him to get ...
The allocations reminded many Nigerians of the economic inequality in a country where politicians earn huge salaries while essential workers like […] The post Nigeria’s government budgets for ...
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 ...
With less money available, local officials are more likely to get lower wages, which is seen as another factor that leads to corruption. Officials who get lower wages, which are not enough to provide for their necessities, will many times become corrupt and try something like embezzling money that may entrusted to them in the local treasury ...