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In 2007, it was reported that the following nine countries had legal gaps relating to this Convention and United Nations Convention against Corruption.: [5] Algeria, Burundi, Kenya, Liberia, Nigeria, Sierra Leone, South Africa, Togo, and Uganda. As at 1 January 2020, the treaty was ratified by 43 States and signed by 49. [6]
The Chairman Ekpo Nta narrowed the meaning of corruption by government officials: "Stealing is erroneously reported as corruption. We must go back to what we were taught at school to show that there are educated people in Nigeria. We must address issues as we were taught in school to do." [27]
Whistle-blowing Policy in Nigeria is an anti-corruption programme that encourages people to voluntarily disclose information about fraud, bribery, looted government funds, financial misconduct, government assets, and any other form of corruption or theft to the Nigeria's Federal Ministry of Finance.
Corruption in Nigeria is a constant phenomenon. In 2012, Nigeria was estimated to have lost over $400 billion to corruption since its independence. [2] [3] Nigerian politicians find themselves in a strong position of power and wealth due to their connections with the oil and gas industries in Nigeria.
Anti-corruption war (between May 2015 and May 2023) was an anti-graft campaign launched by the government of Muhammadu Buhari, the 6th democratic President of Nigeria. This is a war against all forms of corruption in Nigeria. During the president's election campaign in 2015, he had vowed to fight against corruption and insecurity if elected.
In his platform, Abubakar identified corruption as a 'major problem' that "denies millions of people their fundamental freedoms and human rights" before vowing to enact "institutional reforms of anti-corruption agencies" to strengthen them along with creating a "comprehensive National Anti-corruption Strategy."
The answer lies in the hands of Nigeria's federal government. [30] They must get involved more and implant stronger reduction programs and ensure that it is being followed by all the officials and the departments. Just by eradication corruption, Nigeria could come out of poverty. Taking care of corruption is taking care of poverty. [31]
Corruption also generates economic distortion in the public sector by diverting public investment into capital projects where bribes and kickbacks are more plentiful. Officials may increase the technical complexity of public sector projects to conceal or pave the way for such dealings, thus further distorting investment. [11]