Friday, 24 May 2013
Nigeria Is The Most Fraudulent Country in Africa, KPMG Report Says
Respected global audit and financial advisory firm, KPMG, has rated Nigeria as the most fraudulent country in Africa, with the cost of fraud during the first half of 2012 estimated at N225 billion ($1.5 billion).
The firm’s Africa Fraud Barometer, instituted this year, measures fraud on the continent and asses the fraud risk that confronts companies in their operations.
In KPMG’s second report, issued last Wednesday, it identified Nigeria, Kenya and South Africa as accounting for 74% of the total number of cases on the African continent, with Nigeria recording the highest overall value of fraud in the first half of the2012.
Reported cases of fraud, however dropped from 520 in the first half of 2011 to 503 in the first half of 2012, and the value of fraud fell from $ 3.3 billion to $ 2 billion.
KPMG compiles the data for the Africa Fraud Barometer by analysing available news articles and reviewing fraud cases from designated databases.
The new report observed that Nigeria’s fraud profile has been compounded by fraud and corruption in the oil sector, with “bribes in the private and public sector, misappropriation, and contract inflation” as common forms of fraud.
By contrast, Nigeria’s President, Mr. Goodluck Jonathan, last Sunday in his chat with the media bragged that his administration is fighting and winning the war on corruption, and that he has done better than his predecessors in combating corruption.
In another report, “Global States of Mind: New Metrics for World Leaders,” published on November 14, Gallop Poll declared Nigeria one of the two most corrupt countries in the world, superior only to Kenya.
Contrary to Mr. Jonathan’s claims, the Gallup report showed that 94 percent of Nigerians believe there is widespread corruption in the government.
There will probably be times
There will probably be times in your life when you're not sure what to do with your money or what decisions you need to make about your financial future. Many persons confronted with this problem and they don't know what to do. There are thousands of different financial products on offer and choosing between them can be difficult. You can help them advising them to use another line of credit, because you can do this.
'Non Immigrant Permit' fraud syndicate
Save yourself and your loved ones this Christmas Season from fraudsters! There is a 'Non Immigrant Permit' syndicate operating now in Nigeria with the names, Chidozie Opara (+447035950425), Dr Emmanuel Johnson (08061688101), Chief Mrs Eunice Johnson,Justice A A Adams (08063739833) and Dr Fred. Be at alert!
Miscalculation of the Arewa & Oduduwa Republic
Jona is from the SS & his Army commander an Ibo from the core SE. These are people with whom cowardice is alien unlike the Yoruba West. So BH tactics does nothing to these guys.
The Talakawa led the continent & ruined it for that long because the seat of power was in the West where people can only bark but never bite.
For 37yrs in Lagos, no single Western citizen attempted a coup. Shame. Instead they supported one Fulani or another. Yes, it is true that some useless SS&SE pple also supported these Fulani then, but recall that during riots or other times their own people revolted & destroyed their property protesting their alliance with d backward North. But not in the West. They were always comfortable with the visionless North & hence d continent is where it is today...But for d gallantry of d Bendel boys of SS & SE extraction who smoked IBB out of Dodan barracks in 1990, the stage for Military exit would never have been set.
Long live the United States of the SS & SE
what has changed in 9a since Nzeogwu 66
From Buhari to IBB and his co coup plotters, the reason for sacking governments has always been corruption-Its usual with the West-when they want to sow the seed of discord they claim its corruption them want to end-yet none talks about the corruption in WALL STREET in the USA-Halliburton stole over $4b from Iraq-Now inn Libya plundering the resources of that country after the murder of Gaddafi-sadly the fools in Nigeria have refused to ask why the oil firmscontinue to destroy the environment that produces the rosources of the nation in the Niger delta with impunity-its only when it comes to oil pollution we dont hear the word corruption being pronounced by the neo-colonialist agents among us-time to split-we go with our thieves in the SS, go with the ssaints among u!
Capital Flight is a measure of Corruption
I read an excellent article in www.diasporascope.com site about the staggering statistics of Africa Capital Flight. I think Capital Flight should also be used as a barometer in measuring corruption in Africa!!!
burn everythig and start afresh
Nigerians, Nigerians, Nigerians...you people of little faith, you cowards with faint heart, fear will forever consume your future and destiny, till you decide to fight against it...the corrupters are only but 3% of the population...and the people are 97% of the oppressed...get up and fight, revolt, tear down the government house, go to every house of every politician alive today and dead since 1980 to 2012, and hold each and every one of them accountable...let the final sentence be death by hanging and their hearts ripped out and burnt...for calling us cowards and fools..to think they can steal everything thats rightfully ours and leave so little to live on...conquer your fear and face death head on...if we shall loose our lives so be it...but our children will never and i mean never again be subjected to this inhumane and spiritual degradation of leaving as of today.
If we do this, see if the next generation will dare try being corrupt again.
Wunderbar . . .
@ Rommel; It could not have been put in a better way than you have stated here. Sahara Reporters should pay you for your succinct contribution.
And by the way, "what a wonderful record".
Be fighting yourselves and
Be fighting yourselves and abusing each other over the social media while your leaders(both Muslims and Christians, north and south, igbos, hausas, ss, Yorubas and all others) are using religion, tribe and region to divert your minds while they are there stealing your wealth and taking it to Europe and America.
The white man only eats your money and abuse YOU ALL. All of you irrespective of who is the thieve.
MUMU NIGERIANS. You better unit yourselves and fight corruption all of you than wasting your time with unnecessary sentiments.
Yet they dont wnat the SS to secede
Speaking in the name of the Supreme Council of the Revolution, on the 15th of January 1966, late Major Nzeogwu stated among other things that, ( Our enemies are the poitical profiteers, the swindlers, the men in ihigh and low places that seek bribe and demand 10%. Those that seek to keep the country permanetly divided, so that they can remain in office s ministers and VIPs of WASTE, tribalist, the nepotist, those that make the country look big for nothing before international circles, those that have corrupted our society and put Nigerian politcal calender back by their works and deeds!) Almost 5 decades later, we are still marking time on d very spot where Nzeogwu left us! After stealing the SS blind-we blame GEJ 4 our 60yrs old woes-less the 55 trillion naira oil revenue-stolen from the SS by d tripod!animals
ETHNO-RELIGIOUS BANDITS!
Countries develop because they have no ethno-religious savages who live and die in envy and hatred of others simply because others do not belong to their ethnic and religious groups. Nothing is good with others for that they claim and pretend being the best in everything, while they're mere savages: negative thinking, lies,falsehood, allegation, cultic barbarism, excessive hatred and envy of others, ungratefulness and pedagogical rascality.
Now You See Why I destroyed My Passport
I was blame by my friends for destroying my Nigerian Passport. May be they now know why I did it. Anybody who still believe in this country is kidding himself.
Every three months the senators received N100m, House of Reps N48m, House of assemb. N30m. At local Government level they collect almost N2m. They call it constituency fund, and non of these rogues have been to their constituency.
Ghana, not Nigeria.., is the most corrupt country in Africa!
Ghana, not Nigeria.., is the most corrupt country in Africa, yes, the same Ghana, which the world is mistakenly calling the beacon of Hope and democracy in Africa.
I just returned to Europe from Ghana, and I know for a fact that contrary to whatever people say about Ghana today...., that country is worst than Nigeria in many aspect, especially on corruption!
Ghana police is hopelessly corrupt, and so is other institutions in Ghana. And if police is corrupt in any country as in Ghana..., such country is as well bad and corrupt. Ghana is a white-washed wall. Nigeria is not as bad as Ghana if you know Ghana from within!
What A Befitting Award
What a befitting award from Kpmg, maybe the profligate Nigerian president who dwells in his idiosyncrasy will now realise he his running a corrupt government. 2015 is fast coming, he will be thrown out just like the way in came in.
BREAKING News- EFCC declares Magaret Thatcher - a Btiton, Wanted
....For helping Umaru Dikko to launder Millions of Pounds stolen by continent Nigeria former Finance Minister, the former British Prime Minister & fraud star has been declared wanted by the Jonathan's administration.
Britain has also been declared as one of the most corrupt countries in Europe by AUDNDPRF - the audit wing of the Niger Delta Peoples Revolutionary Front.
This is largely due to revelations that d British Government, between 1983 and 1989 helped a former cabinet minister of Finance in d Nigerian government to launder stolen oil money of the SS peoples. It is recalled that this thieving Minister was abducted by d Nigerian government with help from d Israeli commandos but was rescued & protected by the stupid & fradulent UK govt which needed the stolen funds for UK economy.
Long live Ken Saro Wiwa
Long live Isaac adaka Boro
Long live Dim Ojukwu
Long live the April 22, 1990 Matyrs
Long live the United States of the SS & SE
That's my fear!
This may still even be an understatement; tho' you experienced what 'u said.
That's my fear: Nigeria'll die from: not ɓokoHɛrɛm, not Me?ND, and not the antics of the neo-Biafranists or any... But the hell of its thieveries, violent & nonviolent
Nigerians are aware of this already - try some other ranking!
Nigerians are already aware of this position in the world - so, it does not come as a surprise.
More so, what is the big deal - somebody has to be ranked the 1st and the most important index of all - Piousness - we are the most religious country in the world, that is the most important thing - we are all going to heaven - unfortunately, we do not have the faintest idea of the geographical location of heaven.
The biggest "killer" in Nigeria is not corruption - it is actually Religion. We need to get rid of religion in order for us to advance as a country.
The doctrine of forgiveness as espoused by the major religions being practiced in Nigeria has virtually made it impossible to make every Nigerian accountable for his/her actions.
There is the erroneous belief that you can always get away with anything as long as one seeks atonement and forgiveness and as such the laws of the land do not matter, what is important is the law of "GOD" which espouses forgiveness.
Wunderbar!!!
Simply put,our president is the most fraudulent in Africa,our CBN governor and fellow bankers are the most fraudulent in Africa,our governors are the most fraudulent in Africa,our clergymen and women are the most fraudulent in Africa,our judiciary,is the most fraudulent in Africa,our law makers are the most fraudulent in Africa our traditional rulers are the most fraudulent in Africa,our law enforcement agencies are the most fraudulent in Africa,our business people are the most fraudulent in Africa,what a wonderful record.
GETTING OUT OF HELL
We know Nigeria is hellish but how do we get out of it? It makes absolutely no sense over flogging the obvious. Nigeria and Nigerians need solutions. No more no less.
The Most Corrupt Nation
The opposition parties are a major part of the problem: In many other nations, when things go wrong that warrants protest, it's the opposition that calls and leads such protests. The people lack the proper kind of leadership which is why Nigerians appear docile, and unable to intervene in matters that touch them the most.
SHAME TO A COUNTRY CALLED "NIGERIA"
It is a shame NIGERIA is the way it is . Our President's inability to understand leadership as well as Demand and Supply economics(101) makes it even worse. The job of ruling a country as a president is above him. He should not even try to aspire for 2015. He is incompetent.
EFCC should declare Margaret Thatcher - a Btiton, Wanted
....For helping Umaru Dikko to launder Millions of Pounds stolen by continent Nigeria former Finance Minister, the former British Prime Minister & fraud star has been declared wanted by the Jonathan's administration.
Britain has also been declared as one of the most corrupt countries in Europe by AUDNDPRF - the audit wing of the Niger Delta Peoples Revolutionary Front.
This is largely due to revelations that the British Government, between 1983 and 1989 helped a former cabinet minister of Finance in the Nigerian government to launder stolen oil money of the SS peoples. It is recalled that this thieving Minister was abducted by the Nigerian government with help from the Israeli commandos but was rescued & protected by the stupid & fradulent UK govt which needed the stolen funds for UK economy.
Long live Ken Saro Wiwa
Long live Isaac adaka Boro
Long live Dim Ojukwu
Long live the April 22, 1990 Matyrs
Long live the United States of the SS & SE
Miscalculation of the Talakawa Republic
Jona is from the SS & his army commander an Ibo from the core SE. These are people with whom cowardice is alien unlike the Yoruba West. So BH tactics does nothing to these guys.
The Talakawa led the continent & ruined it for that long because the seat of power was in the West where people can only bark but never bite.
For 37yrs in Lagos, no single Western citizen attempted a coup. Shame. Instead they supported one Fulani or another. Yes, it is true that some useless SS&SE pple also supported these Fulani then, but recall that during riots or other times their own people revolted & destroyed their property protesting their alliance with d backward North. But not in the West. They were always comfortable with the visionless North & hence d continent is where it is today...But for d gallantry of d Bendel boys of SS & SE extraction who smoked IBB out of Dodan barracks in 1990, the stage for Military exit would never have been set.
Long live the United States of the SS & SE
Its already generally known
Its already generally known world wide that Nigeria is a failed state.
Well said, the list is
Well said, the list is endless....
Blame It On Jonathan, Corruption And Election Rigging
Otedola, Senator Farouk Lawan, Jonathan, Adoke, IBB, OBJ, etc plus senator Dimeji Bankole, pastors Oritsejafor, Adeboye, Oyedepo, Ribadu's 24 corrupt past governors etc again.
The issue is not to fish out
The issue is not to fish out those who do not believe there is corruption in government within Nigeria,but to prove the real EXTENT of corruption with hard facts. Jointly three countries in Africa,including Nigeria are reported to make up 74 % of the corruption portfolio,but what percentage does each have? What about countries outside Africa? How do they fare in this exercise?
Not every news against Nigeria should be celebrated because part of it is just International politics,pure and simple.
The issue is not to fish out
The issue is not to fish out those who do not believe there is corruption in government within Nigeria,but to prove the real EXTENT of corruption with hard facts. Jointly three countries in Africa,including Nigeria are reported to make up 74 % of the corruption portfolio,but what percentage does each have? What about countries outside Africa? How do they fare in this exercise?
Not every news against Nigeria should be celebrated because part of it is just International politics,pure and simple.
A house divided against itself cannot stand-lets split
Speaking in the name of the Supreme Council of the Revolution, on the 15th of January 1966, late Major Nzeogwu stated among other things that, ( Our enemies are the poitical profiteers, the swindlers, the men in ihigh and low places that seek bribe and demand 10%. Those that seek to keep the country permanetly divided, so that they can remain in office s ministers and VIPs of WASTE, tribalist, the nepotist, those that make the country look big for nothing before international circles, those that have corrupted our society and put Nigerian politcal calender back by their works and deeds!) Almost 5 decades later, we are still marking time on d very spot where Nzeogwu left us! After stealing the SS blind-we blame GEJ 4 our 60yrs old woes-less the 55 trillion naira oil revenue-stolen from the SS by d tripod!animals
Nigeria -the most Fraudulent Country?
Of course when even the highest elected/selected officers cannot sincerely look at the mirror and accept the face staring back what else could be more fraudulent? As a nation we have been unable to rise above the primordial sentiments that were relics of failed politicians. Now every state and local government want their own at the table. Hence most of the Public officials are elected on a rota/ethnic basis lacking the merit to even manage the household imperest yet they rule and loot with impunity! The tribal/ethnit champions have won the war!
Somalia now better than Nigeria
"it is now safer to live and do business in Somalia than Nigeria"
'Buhari's tears has not dried up'

