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Submitted by to the category Business and Industry on 04/04/2011 01:00 AM

Name: Chinedu Nwaigwe

Corruption in Nigeria

Corruption in Nigeria has been in existence for some years now and has been affecting the country in different manners. From my research I figured out the reasons for corruption in many “Less Economically Developed Countries” is because “the individuals or employees who pay and receive bribes can expropriate the nation’s wealth, leaving small resource’s for the undeveloped countries” (Agers 23). In the other book the author known Khan describes corruption as “a behaviour which deviates from the formal rules of conducts governing the actions of someone in a position of power or authority because of private regarding motives such as wealth, power or status” (27) . On the other side, World Bank labels it as “the abuse of public power for private benefits”(32) . No matter the way it has been classified, I believe it is an act of selfishness and greed to the less fortunate or privileged of the society. The high growing corruption rate in Nigeria is caused by the bad leaders; this brings about the growth of unemployment which leads to poverty, corruption and ethnicity (tribalism) in the country.

I believe that this country Nigeria is suffering from corruption in from all the sectors controlled by the government, which involves the educational sector, political sector and other sectors of the government. On the other hand the non-government concerning way of corruption that is causing heaps of trouble is fraud on the internet (easy money). This type of corruption falls under the category of poverty and unemployment in the country. “Internet fraud schemes proposing an “urgent business relationship” help make fraud Nigeria’s largest source of foreign revenue after oil” (Smith 53). With this type of corruption the country is now known for its negative impact, “Corruption is well known in Nigeria, that all its citizens call it simply ‘the Nigerian factor.’(59) “… the primary mode of illegitimate corruption...

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