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Negative Impact of Nigeria’s Corruption: $400 billion Looted in 39 years - UN Official








UN official, Antonio Maria Costa, executive director of United Nations Office on Drugs and Crime, UNODC, has given his view on the implications of the huge resources being plundered by the Nigerian administrative system. 
“Nigeria used to be synonymous with corruption just a few years ago. Unscrupulous leaders pilfered the national coffers and stashed away billions of dollars in foreign bank accounts. By some estimates close to US $400 billion was stolen between 1960 and 1999. Sani Abacha alone is estimated to have stolen the equivalent of 2 – 3 per cent of the country’s GDP for every year that he was President.
                               the cost of Nigerian corruption
“That is a staggering – almost “astronomical” – amount of money because if you were to put 400 billion dollar bills end-to-end, you could make 75 round trips to the moon! Concretely, those 400 billion dollars could have translated into millions of vaccinations for children; thousands of kilometres of roads; hundreds of schools, hospitals and water treatment facilities that never came to be.”
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2 comments

  1. This why I plead to my fellow countrymen and women to seize the opportunity which 2015 presents to change the course of this nation by voting in change. The change I seek is from corruption to zero tolerance to corruption, looting to saving, poor infrastructures to quality infrastructures. We must turn the clock of our country from anti people to people oriented so that our children will grow up to have jobs, good lives and better country to live in. When this happens no more shall we waste our resources because we want to migrate to another country in search of better live. The time is now, do not listen to selfish politicians who says nothing to change about or that we are moving in the right direction under the guidance of PDP.

    ReplyDelete
  2. Mister, we're not corrupt o, we're only stealing to make ends meet. That's the instructions from our amiable president. The best democratically elected president of our great nation. We're not interested in going to the moon nor do we deserve good roads because our drivers are very careless. The man has transformed the nation to the extend that 80% of the okada riders are graduates. This is no nation in the world that can beat this. Our children have no reason to complete with theirs because the space is getting smaller by the day. Weep not for us sir because we're not ready for change. We are satisfied with the few naira they share at regular intervals of 4yrs. You are helping them by bringing all these out. But very soon we will say no and the only choice is for them to run.

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