A Chatham House report launched yesterday in Abuja has estimated that at least $480 billion was stolen by corrupt officials between 1960 and 2004.Chatham House, the Royal Institute of International Affairs, is an independent policy institute based in London.
The report, titled “Collective Action on Corruption in Nigeria, a Social Norms Approach to Connecting Societies and Institutions,” said that close to $400 billion was stolen from Nigeria’s public accounts from 1960 to 1999. It added that between 2005 and 2014, $182 billion was lost through illicit financial flows from the country.

This stolen commonwealth, the report observed, represents the investment gaps in building and equipping modern hospitals to reduce Nigeria’s exceptionally high maternal mortality rates estimated at two out of every 10 global maternal deaths.

British Ambassador to Nigeria, Mr. Paul Awkright, noted that corruption is bad for people and business. “Corruption fuels inequality, holds back development and it is a threat to national development of countries,” he said.
Awkright, who disclosed that Nigeria and Britain are making progress in tackling corruption, expressed delight that the current administration of President Muhammadu Buhari has made fight against corruption a key action of the government.

He noted that the study provides insight into why people engage in or refrain from corruption and cautioned that tough talk and fear-based messaging alone cannot address corruption.

The study, coauthored by Dr. Leena Koni Hoffman, an associate fellow of the Africa programme at Chatham House and Raj Navanit Patel, a consultant at the University of Pennsylvania and a Ph.D. candidate in the department of Philosophy, suggested policy approaches to dealing with corruption and offered methods of integrating behavioural insights into anti-corruption strategies.

http://www.nigerianewspaper.com.ng/2017/05/shocking-see-total-money-stolen-from.html

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Na wa,

And na UK dey enjoy d luxurious spending pass from d pen thieves

2 bad, alot have died coz of lack of money for sustainance ... Just look at urself

Let's purge na, let's purge Nigeria

I weep..

Mtcheeew as if they are not the one aiding our so called politicians. Atleast they need the inflow of such black cash for There economy tooo.

They go behind the mask with these criminals for as long as their interest is protected and then, unmasked publicly to act Saint. British are bunch of hypocrites.

Nigerian leaders disgust me.

Yes... the fight should be the populace against our leaders.. not we fighting and dividing ourselves...

Dont you just enjoy a thread without the usual irritable chants of divisions eg afonja/ipob/robots etc.....

DLondonboiy:
I weep..

My brother it's disheartening. I sometimes ask if there's any hope for Nigeria

When, this is frightenly massive









Naija which way self?










which way nigeria

But what UK had wired out of nigeria through shell and other businesses surpassed that amount by far

The report, titled “Collective Action on Corruption in Nigeria, a Social Norms Approach to Connecting Societies and Institutions,” said that close to $400 billion was stolen from Nigeria’s public accounts from 1960 to 1999. It added that between 2005 and 2014, $182 billion was lost through illicit financial flows from the country.

Not surprised about the $400b. During the military era, one head-of-state alone was controlling all the loots, so money couldn't go round in a sense. Life was so hard particularly during Abacha's tenure that we all ran to the streets to celebrate his death after it was announced on radio. Now we've seen all his loots in Switzerland.
But according to this report, while it took us almost 40yrs to loot $400b, it's taken just 9yrs to loot about half that amount. This is where I hail OBJ and Jona aka IB aka Stealing is not corruption aka America will know.
Nigerian Democracy should henceforth be redefined as "The system of improving and perfecting the looting spree."

Esseite:
Yes... the fight should be the populace against our leaders.. not we fighting and dividing ourselves...

Dont you just enjoy a thread without the usual irritable chants of divisions eg afonja/ipob/robots etc.....

Do you want to start it?
Anyway what you are preaching for will never work.

And sombody was telling me Nigeria was great...

This country should be broken up like UK