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Home > africa: A push for transparency on oil revenues

Contributor [1]
Thursday, April 17, 2003 - 03:00
Categories: 
Corruption [2]
Issue Number: 
107 [3]
Article-Summary: 

When government auditors searched the offices of Nigeria's Ministry of Petroleum Resources last July, window blinds, a door curtain and an embossing machine that a civil servant drew N474,350 of public funds to buy were missing. The apparent theft, described in a 290-page annual audit seen by the Financial Times, captures the corruption and opacity that characterises governance in oil-rich western and central African states. It partly explains why exploitation of crude reserves in countries s...read more [4]

When government auditors searched the offices of Nigeria's Ministry of Petroleum Resources last July, window blinds, a door curtain and an embossing machine that a civil servant drew N474,350 of public funds to buy were missing. The apparent theft, described in a 290-page annual audit seen by the Financial Times, captures the corruption and opacity that characterises governance in oil-rich western and central African states. It partly explains why exploitation of crude reserves in countries such as Angola, Gabon and Nigeria - the latter has earned more than $300bn from oil since independence in 1960 - has yielded little for ordinary people while officials and elites have become richer.

Category: 
Land & Environment [5]
Oldurl: 
http://www.pambazuka.org/en/category.php/corruption/14487 [6]

Source URL: https://www.pambazuka.org/node/15918

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[3] https://www.pambazuka.org/article-issue/107
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[6] http://www.pambazuka.org/en/category.php/corruption/14487