According to Human Rights Watch in 2007, the endemic nature of corruption in Nigeria has led to the loss of USD $380 billion between independence and 1999. A Global Financial Integrity Initiative report dated January 2011 estimated that USD $130 billion worth of illicit financial flows occurred between 2000 to 2008. Adding these numbers to the loss of nearly USD $7 billion to the fuel subsidy racket alone brings our national loss due to corruption to something in the region of USD $600 billion from independence to end of 2011!
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