Vunderkind
Social Member
No one is shocked these days by allegations of corruption in Nigeria. But the amount of oil revenue that is reportedly being stolen there now is staggering.
In recent weeks, a Nigerian official went on record alleging that some $20 billion of his country's oil revenue had gone missing in just the past 18 months.
That official — Central Bank Governor Lamidu Sanusi — was about to do some serious asset-tracking to find out what had happened to the cash.
But the country's President Goodluck Jonathan fired Sanusi.
Sarah Chayes, a senior associate at the Carnegie Endowment for International Peace says western officials have told her the $20 billion has been laundered and is at the disposal of President Jonathan.
Chayes has been looking at several acutely corrupt countries, including Nigeria, and she sees a pattern.
Click here to read more
Source: PRI
In recent weeks, a Nigerian official went on record alleging that some $20 billion of his country's oil revenue had gone missing in just the past 18 months.
That official — Central Bank Governor Lamidu Sanusi — was about to do some serious asset-tracking to find out what had happened to the cash.
But the country's President Goodluck Jonathan fired Sanusi.
Sarah Chayes, a senior associate at the Carnegie Endowment for International Peace says western officials have told her the $20 billion has been laundered and is at the disposal of President Jonathan.
Chayes has been looking at several acutely corrupt countries, including Nigeria, and she sees a pattern.
Click here to read more
Source: PRI