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Nnamdi Azikike: The First Corrupt Politician In Nigeria - Politics - Nairaland

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Nnamdi Azikike: The First Corrupt Politician In Nigeria by allthingsgood: 12:26pm On Feb 11, 2019
From as early as 1947, commissions of inquiry were held to investigate cases of corruption. The purpose of the inquiries was to expose wrong -doing and to punish the culprits.

Today, we hear much of the rampant corruption at the local government level. As early as 1955, just seventeen months after the inception of Igbo-Etiti District Council in May 1954, the colonial government held an inquiry into the affairs of the Council. The inquiry judged that the “conduct of the Council’s affairs had become a public scandal.” The colonial officer who conducted the inquiry, FP Cobb, noted, “public indignation was widespread and strong.” 2 The public was outraged at the corrupt behaviour of their representatives


In 1956, the Foster-Sutton Tribunal investigated the Premier of the Eastern Region, Nnamdi Azikiwe for his involvement in the affairs of African Continental Bank (ACB). Under the code of conduct for ministers, a government officer was required to relinquish his holdings in private business when he assumed public office. The Foster-Sutton Tribunal felt that Zik did not severe his connections to the bank when he became a Minister. The Tribunal believed that Zik continued to use his influence to further the interests of ACB.

Zik, his family, and the Zik Group of Companies were the principal shareholders of the African Continental Bank. ACB loaned over L163, 000 to the Zik Group of Companies at low interest. The Zik group did not have to repay the loans until 1971. ACB was a distressed bank. The new registrar of banks in 1952 refused to grant ACB a license. Attempts to find partners for the bank in Britain failed because of the insolvency of the bank.
In the words of a colonial government official, “Were a UK minister to be involved in a series of transactions the result of which public funds were used to support an otherwise shaky institution in which he was directly interested, he would be forced to leave public life.”4 Why did not the colonial government prosecute Zik for his failure to observe the code of conduct for government officers? The colonial correspondence revealed that the government supported the NCNC as the only party to embrace national unity. Without Zik, the NCNC would collapse. The national interest of the country demanded that Zik continue as leader of the party.


http://stopcorruption-nigeria.com/chronology-of-corruption-in-nigeria.html
Re: Nnamdi Azikike: The First Corrupt Politician In Nigeria by StupidInyamiri: 12:28pm On Feb 11, 2019
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