The MacArthur Foundation has said that a staggering sum of over $200 billion is estimated to have been lost in Nigeria between 1970 and 2008 due to widespread corruption and procurement irregularities. According to the Foundation, the massive financial haemorrhage occurred through various channels, including inflated contracts, dubious asset disposals, and outright theft of resources. […]
The post ‘Nigeria loses over $200b to corruption, procurement irregularities’ appeared first on The Guardian Nigeria News – Nigeria and World News.
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Last modified: December 4, 2024
