Nigeria Lost $400bn to Corruption in 33 Years, Says Ministry Official

The Deputy Director in charge of Reforms in the Ministry of Petroleum Resources, Mr. John Magbadelo, Thursday stated that Nigeria had lost over $400 billion to corruption between 1966 and 1999.

Magbadelo, who was the reviewer of the book titled: ‘Anti-Corruption Campaign in Nigeria (1999-2007): The Politics of a Failed Reform,’ authored by a lecturer at the University of Ibadan, Mr. David Enweremadu, made the disclosure at the launch of the book in Abuja.
While blaming the inability of the country to make meaningful progress in its several endeavours, he said: “It is at the very heart of our country’s failings in every sphere since its emancipation from colonial rule.

“The cancerous rot which has continued to impair the growth potentials of the country seems to have defied every therapy.” Read more

About Author: Integrity Org

Integrity Organization is committed is an anti-corruption, research and advocacy organization. Its activities are centered on the aim to reduce the tolerance for corruption in Nigeria.

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