₦airaland Forum

There is corruption everywhere, says Aliko Dangote, a man who should know, having dealt with business people and govts across the planet.

The only difference with corruption in Africa is that the stolen money is sent overseas - Out of the African financial system.

He says that Thailand, Malaysia, and other Asian countries are very corrupt. But the reason they are still developing fast is that the stolen money is Not sent out of Asia, but reinvested therein.

So what he's really saying is that corrupt African officials need to learn Money Laundering within Africa.

To keep the money in Africa and ensure a future for their children.


https://www.youtube.com/watch?v=lRw6X_VULrg

I've said it before that Nigeria (economy) especially thrives on corruption.
As long as they inject the loot back into the economy.
Instead of hiding the stolen funds in apartments, allowing them rot away, or hiding them into foreign accounts.

Let's face it; the Nigerian system is corrupt beyond redemption.

Mariangeles:
I've said it before that Nigeria especially thrives on corruption.
As long as they inject the loot back into the economy, instead of renting apartments for it or putting it into foreign accounts.

Let's face it; the Nigerian system is corrupt beyond redemption.

We don't need your negativity here. Nothing is ''beyond redemption''. Most of you shout ''corruption'' even when there's Zero evidence of it.

So we don't need your spiteful exaggerations here. Just face the topic, which is Capital Flight.

Kushites:
We don't need your negativity here. Nothing is ''beyond redemption''. Most of you shout ''corruption'' even when there's Zero evidence of it.

So we don't need your spiteful exaggerations here. Just face the topic, which is Capital Flight.

Negativity? Zero evidence?
Wake up dude!! 👏🏼👏🏼
Reality is staring you right in the face.
I didn't create the rules.

Hmmmm!

Alhaji Aliko Dangot, has seen it all, I totally agreed with him

Dangote is making a point but we still need to block loopholes from which public funds are looted through automation and use of technology.


We cannot just abandon things the way it is.


With automation and technology usage, public funds looting by government officials and civil servants can be reduced to the barest minimum.


This include in electoral matters too. Technology can help Nigeria refine it's electoral system and reduce rigging and result manipulation to a great extent.

Corruption goes well beyond capital flight sir. You cannot perform low level business steps without bribes. Thats corruption too. Interventions hardly reach intended targets. Thats another.