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Learning English - Words in the News 17 February, 2006 - Published 15:56 GMT Africa corruption crisis | ||||||||||||
The outgoing leader of the African Union, the Nigerian president Olesegun Obasanjo, has said that corruption costs Africa an estimated twenty-five percent of its collective national income. He blamed what he called 'unpatriotic citizens', who he said were looting the continent's resources. Catherine Davis reports. President Obasanjo said about 148 billion dollars were lost each year as a result of corruption. He described the loss as 'monumental' and 'preventable', with extractive industries, such as oil and gas, among the worst hit. He also accused the West of collaboration, by allowing the proceeds from corruption to be held in banks outside Africa. The president promised to tackle the problem in Nigeria by making the country's oil industry more transparent. He urged local government as well as the media and other sections of society to join the fight, too. The war - as he put it - had to be both horizontal and vertical. corruption monumental preventable extractive industries collaboration proceeds to tackle more transparent urged |
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