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Recent findings have shown that as at 2012, Nigeria is estimated to have lost over $400 (four hundred) billion dollars to corruption since independence. Between 2013 and 2015 Nigeria lost about $50 (fifty) billion dollars (N15 trillion naira) to corruption and abuse of public office. This ranges from the $15 (fifteen) billion dollars (about N4.5 trillion naira) lost to massive fraudulent and corrupt practices in arms and defence equipments procurements, (including misuse of 3 trillion naira defence budget since 2011 under the guise of fighting Boko Haram or counter-insurgency operations in the North-East region of Nigeria); to $2.2 billion dollars (N660 billion naira) illegally withdrawn from Excess Crude Account to partly finance Jonathan’s Presidential re-election campaign, and about $20 (twenty) billion dollars of oil revenue which NNPC failed to remit to the federation account because the amount was indeed misappropriated or spent without appropriation (or legal authorization). More recently, is the Diezanigate scandal of $115 million dollars (about N23.3 billion naira) slush funds to Fidelity Bank Plc to bribe INEC officials and election observers among others.
The Paris Agreement on climate change is the newest, inclusive and most ambitious international agreement to combat the complex problem of climate change, adopted on 12 th December 2015 6 at the 21 st Conference of the Parties...
Substantial progress has been achieved since 1999 in understanding the phenomenon of terrorism financing and in articulating and implementing the measures necessary to address it. Terrorism financing incorporates the distinct activities of fund...
This report by the foreign law research staff of the Law Library of Congress’s Global Legal Research Directorate includes surveys of thirteen major democratic foreign jurisdictions on laws and policies addressing foreign involvement in election...
Many governments have spent much of the past decade trying to extend a helping hand to informal businesses by making it easier and cheaper for them to formalize. Much less effort has been devoted to raising the costs of remaining informal, through in...
This report by the foreign law research staff of the Law Library of Congress’s Global Legal Research Directorate includes surveys of the regulation and funding of two types of alternative maternity care providers, midwives and doulas, in ten co...
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