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Efforts to stop corruption in Sub Saharan Africa
The article opens:
Africa is widely considered among worlds most corrupt places, a factor
seen as contributing to the stunted development and impoverishment of many
African states. According to transparency international, a leading global
watchdog on corruption argued that of the ten countries considered most
corrupt in the world, six are in Sub-Sahara Africa and a 2002 African
union study estimated that corruption costs the continent roughly 150 billion
US dollars a year. To compare, developed countries gave 22,5 billion dollars.
The article is about the efforts made by President Yaradua to fight corruption
For it is assumed as the major factor contributing to Nigerias slow
development. Below are President Yaraduas efforts so far.
One, an effective rule of law revisited by him has helped to reduce corruption.
Two, an independent anti-cooruption sector to check the law enforcement
agencies in the country. Another factor is regular changes of leaders in
public offices. A typical example is what is happening in Nigeria where the
incumbent governor of the central bank of Nigeria, the EFCC Organisation
and the press decided to publish the non-performing loan which is
about 3 billion US dollars obtained by some companies and individuals
from the six rescued banks. The MD of these Banks were questioned and
sacked, the deptors were also given two months ultimatum to pay their
depts back or they start loosing their property. The African Courier revealed
that an amount of 2.5 billion dollars is recover