Corruption undermines human development and democracy. It reduces access to public services by diverting public resources for private gain. The real costs of corruption were highlighted by the UN Secretary-General in his 2009 statement for the International Anti-Corruption Day: "When public money is stolen for private gain‚ it means fewer resources to build schools‚ hospitals‚ roads and water treatment facilities. When foreign aid is diverted into private bank accounts‚ major infrastructure projects
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tionSAY NO TO CORRUPTION Skeletons keep tumbling out of the cupboard of the Indian political class as corruption scandals tear apart the moral fibre of the nation. The common people knew all along that bribery‚ nepotism and swindling were omnipresent‚ but they used to suffer these cankers stoically. All that has changed lately. More and more courageous souls are coming out to take the bull by the horns. So how do the youth view the rampant corruption in the country? Why are they hesitant to join
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In philosophical‚ theological‚ or moral discussions‚ corruption is spiritual or moral impurity or deviation from an ideal. Corruption may include many activities including bribery and embezzlement. Government‚ or ’political’‚ corruption occurs when an office-holder or other governmental employee acts in an official capacity for personal gain. The word corrupt when used as an adjective literally means "utterly broken".[1] The word was first used by Aristotle and later by Cicero who added the terms
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CHAPTER THREE RESEARCH METHODOLOGY 3.1 AREA OF STUDY The area of study o this research work is to determine the effect of monetary policy on the performance of banks in Nigeria. This study will cover all the commercial banks that have been in existence since 1975-2004. More so‚ the aggregates rate is used in assessing their performance. 3.2 METHOD OF INVESTIGATION/SOURCE OF INFORMATION According to Asika (2002)‚ research work can be defined as the restructuring of investigation aimed at identifying
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The Evils of Corruption Many studies have been conducted that show the evils or consequences of corruption. And corruption has taught the Nigeria a dangerous and wrong lesson that it does not pay to be honest‚ hardworking and law-abiding. Through corrupt means many political office holders acquire wealth and properties in and outside Nigeria; and many display their wealth (which is beyond the means)‚ but the society does not blink. This has made politics a big business in Nigeria‚ because anything
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ECONOMY OF NIGERIA Nigeria is a middle income‚ mixed economy and emerging market‚ with expanding financial‚ service‚ communications‚ and entertainment sectors. It is ranked 30th in the world in terms of GDP (PPP) as of 2011‚ and its emergent‚ though currently underperforming manufacturing sector is the third-largest on the continent‚ producing a large proportion of goods and services for the West African region. Previously hindered by years of mismanagement‚ economic reforms of the past decade
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corruption is spiritual or moral impurity or deviation from an ideal. Corruption may include many activities including bribery and embezzlement. Government‚ or ’political’‚ corruption occurs when an office-holder or other governmental employee acts in an official capacity for his or her own personal gain. Being corrupted may be the easiest way-or indeed the only way-to get what they want. At times‚ a bribe may provide a convenient means of avoiding punishment. Many who observe that politicians
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Thousands of citizens from over 40 cities poured into the streets on 30th January to participate in the nationwide campaign for “March against corruption”‚ started by Param Pujya Gurudev Sri Sri Ravishankarji along with Swami Ramdev‚ Swami Agnivesh‚ Kiran Bedi‚ Anna Hazare‚ Arch Bishop Vincent M Concessao‚ J. M. Lyngdoh and many others. The campaign demanded the setting up of the citizen-drafted Lokpal as an independent body at the center and Lok Ayuktas in the state. These bodies will have powers
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macroeconomic conditions prevailing in Nigeria apart from taking into consideration the report given by the CEO-Nigeria operations. With this the report attempts to evaluate the economic viability of the business in Nigeria in a long run. Executive Summary The Nigerian wing of Larson Inc. finds it hard to operate efficiently owing to the changing policies of the local government; the issues related to cash flow‚ expatriate work force‚ unions‚ corruption‚ tax policies‚ red tape and scarcity of
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unemployment‚ poverty‚ and poor public services has tremendously increased. Secondly they seem to have no solid evidence on how to measure the cost and benefits of an anticorruption agency. Although‚ they do not have a precise reliable measurement of corruption the institutions are created essentially because of public pressure and their obligation to anticorruption. In the anticorruption domain Eastern Europe has sustained a useful laboratory for over twenty
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