03-03-2016, 01:54 AM
LONDONER Wrote:No, of course it isn't but it does seem that most African countries are rife with corruption and they are the countries that can least afford it.
http://www.fool.com/investing/general/20...world.aspx
Most people know that even the Vatican State is not free of the plague.
http://www.worldfinance.com/banking/a-hi...tican-bank
Yes, what you just said in these first lines is crucial.
Although that is also related to the lack of redistributive policies that plagues a lot of countries worldwide and it's particularly vicious in developing and underdeveloped countries.
Nigeria has plenty of revenue from oil exports (well, maybe not so much now that the prices are low) and for all those revenues it's people are still quite poor. Clearly something happens in the upper levels of the administration and this article right now that you gave in your OP goes to show just what kind of things are happening.
A step in the right direction, at least, in this becoming public and being adressed.