We are Nigerian citizens reporting commentaries and analysis on the state of affairs in Nigeria, to hold our political elites to account for the injustice done to the Nigerian people.

Tuesday, December 12, 2006

Corruption - Tears of My People

Here is a preview of an article on HERE which I think it's a must read!

Open the news pages of Nigerian dailies or world news about Nigeria, only very few things would make one smile. Beautiful and handsome but sad faces roam the streets. Unemployment rate may run as high as 70 percent and very high inflation rate makes the case worse.
There are conflicting reports on the value of income accruing to the nation that was stashed away in foreign banks by Nigerian leaders. President Obasanjo was quoted in 2002 as putting the total
Amount of money stolen by African leaders at $104 billion (BBC Online of 6/13/02
HERE). In an article published by BusinessDay, written by Wale Haastrup the total amount looted by Nigerian leaders was put at $20 trillion (refer to HERE and HERE). The chairman of Economic and Financial Crimes Commission (EFCC), Nuhu Ribadu was quoted by BBC as putting the loot by Nigerian leaders since independence at over $380 billion (BBC Online of 10/20/06 HERE). It is not certain the value of Nigerian leaders’ loot, but one thing that is obvious is that it is enormous.

High number of elected and government officials seem to be misappropriating and siphoning money. Alhaji Ibrahim Hassan, the Accountant- General of Nigeria at the National 5th Seminar on Economic and Financial Crimes spoke on how public servants loot the treasury(refer to
Widespread poverty accounts for the bourgeoning rate of crime in the country, which is being exported overseas through Internet or mail scams, popularly known as 419.

Here is a clear example of widespread looting in our national treasury! Let us hear your comments on this!


Blogger Bella Naija said...

I dont even know what to say again.
All these things just depress me.
Nigeria Politicks what do you think is the solution?
What can a regular young person do to help change this embarrassing record?

Thu Dec 14, 12:42:00 PM EST  
Blogger houstonmacbro said...

nigeria has such potential, but the rulers run it like a piggy-bank.

what's up with the people?

why don't they revolt and elect these bad leaders out?

Sun Dec 17, 07:41:00 AM EST  
Blogger Daddy's Girl said...

The sad thing is that most people going into politics now have only one goal... to line their pockets. And so the cycle continues.

bella naija is asking the right question - just how can we effect a much-needed paradigm shift?

houstonmacbro's question is certainly food for thought... it doesn't help that the leaders are experts at rigging elections though. But I certainly think we are partly to blame for letting these people continue to rape our country...

Thu Dec 21, 12:20:00 PM EST  

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