About $582b Lost To Corruption Since Independence – YIAGA AFRICA

14 July 2021 by Julian Osamoto

YIAGA Africa, a Non Governmental Organization, says about $582 billion have so far been lost to Corruption, since Nigeria gained independence in 1960.

The Programme Manager, Miss Cynthia Mbamalu, stated this in Abuja, at this year’s National Debate Competition on Anti-Corruption.

Mbamalu who said available data showed that about N1.3 trillion of public funds was mismanaged between 2011 and 2015, noted that Nigeria was also ranked 149th out of 179 countries on the 2020 Corruption Perception Index by Transparency International.

According to her, the debate was part of the bounce corruption project which was launched by Yiaga Africa in 2017 to mobilize 20 million Nigerians to support the fight against corruption and demand for accountability.

“A December 2019 report by the National Bureau of Statistics on the patterns and trends of corruption in Nigeria revealed that young people are most likely to give or receive bribes, with at least 60 percent admitting to have given bribes with various reasons, especially to obtain a government service or speed up a procedure ,” Mbamalu said.

“When this data is placed side-by-side with the high rate of youth unemployment which is 42 percent and 21percent in a country with millions of young people, finishing their education with out a job, further increases the pressure to offer bribes in securing a job”.

In a remark, the secretary, National Union of Campus Journalists NUCJ, Uchenna Igwe said corruption was one of the menace facing the country today and destroying things necessary for human capital development as well as confining the people to the most desperate levels of poverty.

According to him;
“Due to greed and corruption lives are lost annually to preventable diseases, crime and insecurity. However, there’s an urgent need for citizens to get involved”.

Out of the six schools which are; Bayero University Kano,
Federal University of Technology Owerri,
University of Lagos, University of Benin, University of Maiduguri and University of Jos, that featured in the Bounce Corruption debate, only four schools emerged for the semi finals.

They are; Bayero University Kano,
Federal University of Technology Owerri
University of Lagos and
University of Jos.

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