Combatting Corruption in Nigerian Procurement: Calls for Transparency and Reform – Written by Matthew Ogune (Creative Storytelling Fellow)
On October 17, 2023, the Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, revealed that Nigerian taxpayers lost N2.9 trillion between 2018 and 2020 due to contract and procurement fraud alone. Olukoyede made this startling revelation during his Senate screening and confirmation hearing, highlighting that the amount lost could have funded the construction of at least 1,000 kilometers of roads, built nearly 200 standard tertiary institutions, or educated approximately 6,000 children from primary to tertiary levels at [...]