Telkart19:


Most black countries are not developed because they have too many resources...which they sell, and then they use the money to import rather than boost their productive capacity.

Most Western countries are developed because they have limited resources, which means they have to rely more on innovation to surivive.(They also fought more wars than we did, especially in Europe..which means more tech development). That's why they are advanced.

Corruption exists in the West, like it does here. But because the West is reliant on innovation, corruption would seriously affect that innovative power...which is why Western countries have enough people fighting corruption.Importantly, revenues for Western government are highly dependent on taxation, which means any chicanery with the money leads to revolution.

In Africa, because government revenues are not that dependent on taxation....but rather on selling the raw materials and sharing the money...corruption thrives...since he who controls the sharing of the money controls the power. Anyone stealing millions in an african country would get away with it since much of that money does not come from taxes, but export revenues, and can be replaced with more export revenues.(or loans if need be).

GistMore12:
The Economic and Financial Crimes Commission, EFCC, has arraigned one Dr. Nkereuwem Akpan Etok before Justice A. A. Okeke of the Federal High Court sitting in Uyo, Akwa Ibom State, on a 5-count charge bordering on abuse of office and money laundering.
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The accused who doubles as the Director and Project Manager of Akwa Ibom State Agency for Control of AIDS, was arrested on Thursday, May 23, 2019, following series of reports of how he embezzled N30m (Thirty Million Naira), released to his agency in 2018, by the office of the Secretary to the State Government, SSG, Akwa Ibom State, for outreach, sensitization, HIV testing/counselling and purchase of screening and confirmatory test tie breaker.
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Investigations into the matter revealed that the accused used less than N6, 000, 000 for the purpose for which the N30, 000, 000 was released and diverted the rest of the funds for personal purposes.
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One of the counts against the accused reads, "That you Dr. Nkereuwem Akpan Etok between 26th and 28th November, 2018 at Uyo within the jurisdiction of this Honourable Court, while being Director and Project Supervisor of Akwa Ibom State Agency for the Control of AIDS did convert a total sum of N24,700,200.00 (Twenty-four million, seven hundred thousand, two hundred naira only) knowing that the said fund is a proceed of your unlawful act and thereby committed an offence contrary to Section 15 (2) (a) of the Money Laundering (Prohibition) Act, 2011 (as amended)".
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He pleaded not guilty to the 5 counts.
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In view of his plea, the prosecuting counsel, Adebayo Soares, prayed the court to remand the accused in prison and fix a date for trial.
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The court then adjourned to October 16 and 17, 2019, and also ordered that the accused be remanded in prison custody.
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Similarly, Justice Okeke remanded two others, Ekerette Emmanuel and Christopher Uko Ebong, for dealing in petroleum products without licence.

See more here; http://gistmore.com/efcc-arraigns-director-for-allegedly-stealing-n30m-hiv-aids-funds

Joromi12:
we should apply for recolonisation

9jvirgin:
The money that has been stolen from Nigeria between 1999 and 2019 is enough to turn Nigeria into Canada and America combined with N1m change for everyone.

Who did we offend

Telkart19:


Most black countries are not developed because they have too many resources...which they sell, and then they use the money to import rather than boost their productive capacity.

Most Western countries are developed because they have limited resources, which means they have to rely more on innovation to surivive.(They also fought more wars than we did, especially in Europe..which means more tech development). That's why they are advanced.

Corruption exists in the West, like it does here. But because the West is reliant on innovation, corruption would seriously affect that innovative power...which is why Western countries have enough people fighting corruption.Importantly, revenues for Western government are highly dependent on taxation, which means any chicanery with the money leads to revolution.

In Africa, because government revenues are not that dependent on taxation....but rather on selling the raw materials and sharing the money...corruption thrives...since he who controls the sharing of the money controls the power. Anyone stealing millions in an african country would get away with it since much of that money does not come from taxes, but export revenues, and can be replaced with more export revenues.(or loans if need be).