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Nigeria - Mopping Up the Mess

Dauda Garuba, Natural Resource Governance Institute | Akpan Ekpo, Director General, West African Institute for Financial and Economic Management

18-Apr-16 08:35

Nigeria - Mopping Up the Mess

Last month, Nigeria’s auditor-general unearthed a disturbing discovery that over USD$16 billion was found missing from the accounts of Nigeria’s state-oil company, known as the Nigerian National Petroleum Corporation.  The findings may seem staggering, but in Nigeria the news came hardly as a surprise to the country that has been dogged by massive corruption scandals and a plunge in oil prices.  As the country races against time to fight corruption & rejuvenate its economy, President Muhammadu Buhari who celebrates one year in office also has to contend with violence in the country and repair a system broken by the previous Administration. 

This is a report by Lee Sheung Un and Nadiah Aziz.

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Tags:  nigeriaOilCorruptionreformsmuhammadu buharigoodluck jonathanGDPEconomy

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