Nigeria Now More Corrupt In Latest Transparency International Corruption Ranking

Nigeria Now More Corrupt In Latest Transparency International Corruption Ranking

Nigeria has plummeted yet again on Transparency International’s Corruption Perception Index (CPI) (TI).
Nigeria slipped five places in the agency’s 2021 ranking, which was announced on Tuesday.
The country received a score of 24 out of 100, placing it 154th out of 180 countries.
Nigeria has been in a downward spiral on the TI’s CPI for the second year in a row. The country’s score declined from 26 in 2019 to 25 in 2020, and then to 24 in the most recent 2021 assessment.
“Transparency International’s 2021 Corruption Perceptions Index, issued today, shows that corruption is on the rise in Nigeria,” the organization tweeted on Tuesday.
“The country scored 24 out of 100 points in the #CPI2021, which is one point less compared to the score of 2020.
“In the Corruption Perceptions Index 2021, Nigeria ranks 154 out of 180 countries and territories, falling back five places from the rank of 149 in 2020.”
Also on its website, Transparency International explained that Nigeria hit a historic low on the 2021 CPI.
“More than 100 powerful individuals were exposed as having used anonymous companies to buy properties with a total worth of £350 million in the United Kingdom alone. Secretive dealings among Nigeria’s powerholders were previously reported as part of the Panama papers and FinCEN Files,” TI said on its website.
The CPI is TI’s tool for measuring the levels of corruption in the systems of various countries around the world. The maximum points a country can score is 100 points, and the least is zero. Zero signifies the worst performing countries and 100, the best-ranked.
The organisation listed seven weaknesses that impede Nigeria’s fight against corruption while calling for an immediate improvement for the sake of ordinary Nigerians.
The seven weaknesses include the damning audit report; security sector corruption; failure to investigate high profile corruption cases; illicit financial flows (IFFs); absence of asset recovery, protection of whistle-blowers, and other key anti-corruption legal frameworks; judicial challenges; corruption in the COVID-19 response and Twitter ban, shrinking civic space and intimidation of human rights defenders.

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