Aug 12, 2004
An African Union Report has estimated that Africa losses approximately $148 billion annually to corrupt practices - a figure which represents 25% of the continent's Gross Domestic Product (GDP). In comments made to the press last week by Mr Babatunde Olugoji, Chairman of the Nigerian Independent Advocacy Project, it was also noted that the African Development Bank estimates that lower income households spend an average of two to three percent of their income on bribes.
































