• World
  • Columnist
  • Commodities
  • WORLD BUSINESS & ECONOMY
  • Executive Knowledge Series
  • Finance
  • Manufacturing
  • Markets
  • Risk & Governance
  • Small Business
  • Technology, Media & Innovation
  • Comments
  • Business AM WebTV
  • Login

Businessamlive
  • FRONTPAGE
  • FINANCE
    • AllAsset ManagementAuditBankingBondBudgetCapital MarketsC&I LeasingCurrencyDealDebt marketForexFund RaisingFundingGovernmentHedge FundsInsuranceInvestmentInvestorInvestor ServicesMergers & AcquistionsMoney marketTreasury BillsMortgagePensionsPersonal financePonziQuantitative EasingshareTaxationTSAWealth Management
      Finance

      Nigeria, Africa remittances on target as Wari, Lycaremit sign partnership

      January 21, 2021

      Companies

      Total Nigeria, Mixta, Valency, list new CPs on FMDQ platform to enhance financial markets development

      January 19, 2021

      Finance

      Amidst N32.22trn public debt, analysts say Nigeria’s external debt service manageable

      January 19, 2021

      Finance

      Stringent regulations, business environment forced Stanbic IBTC out of BDC business

      January 15, 2021

  • MARKETS
  • ECONOMY
    • AllAfricaAgricAirportsAmericaAsiaAustraliaBreakthroughDealEuropeForeign InvestmentsforexGlobal marketGovernanceIMFMiddle EastNECANigeriaOutlookRich listSouth AfricaSport BusinessTradeU.KWest AfricaWorld Economic forum
      Markets

      Nairobi Stock Exchange pushes expansion plans with more listings in 2021, says CEO

      January 23, 2021

      Africa Investment Forum

      Africa’s $60bn losses in illicit capital flows due to multinationals’ tax avoidance, says AfDB Adesina

      January 22, 2021

      Frontpage

      Covid-19 vaccine: Nigeria, 54 others to benefit from African Union’s 270m doses

      January 21, 2021

      Finance

      Nigeria, Africa remittances on target as Wari, Lycaremit sign partnership

      January 21, 2021

  • COMMODITIES
  • ENERGY
    • AllConferenceElectricityOil and GasPowerRenewable
      Companies

      Appeal Court suspends order against shutting of SEPLAT headoffice

      January 23, 2021

      Frontpage

      OPEC welcomes push for electric vehicles, but says fossil fuel remains strong

      January 21, 2021

      National: Governance, Policy & Politics

      Nigeria ramps up domestic LPG consumption above 1MMT, says PPPRA

      January 20, 2021

      Companies

      TIPP Oil, German lubricant maker, targets 2021 Nigeria launch with eco-friendly scheme  

      January 19, 2021

  • TECHNOLOGY
  • MANUFACTURING
  • ANALYSIS
    • Analyst Insight

      Misconstruing Data Protection Officer function within organisations

      18 hrs

      Analyst Insight

      CBN meeting and NSE in focus

      January 18, 2021

      Analyst Insight

      Once again, fiscal stimulus takes centre stage

      January 18, 2021

      Analyst Insight

      Organisations must learn from the WhatsApp story  

      January 18, 2021

Frontpage Nigeria

N675bn bribes paid to Nigerian public officials in 2019 – Report

December 6, 2019733 views0 comments

N675bn bribes paid to Nigerian public officials in 2019 – Report

An estimated N675bn was paid in cash bribes to Nigerian public officials this year, according to a new survey by the National Bureau of Statistics and the United Nations Office on Drugs and Crime.

The report, which was released on Friday said out of all Nigerians who had at least one contact with a public official in the 12 months prior to the 2019 survey, 30.2 per cent paid a bribe to, or were asked to pay a bribe by, a public official.

“This means that, although still relatively high, the prevalence of bribery in Nigeria has undergone a moderate, yet statistically significant, decrease since 2016, when it stood at 32.3 per cent,” it added.

Read Also:

  • Amidst N32.22trn public debt, analysts say Nigeria’s external debt…
  • Insurers should adopt user-first, omnichannel approach to improve…
  • Nigerian cocoa dealers fret as price slump squeezes revenues

According to the survey, cash continues to be the dominant type of bribe.

It said, “More than 93 per cent of all bribes paid in 2019 was paid in cash, a slightly larger share than in 2016. According to the 2019 survey, the average cash bribe paid is N5,754, a sum equivalent to roughly $52 in purchasing power parity.

“Overall, it is estimated that a total of roughly N675bn was paid in cash bribes to public officials in Nigeria in 2019, corresponding to 0.52 per cent of the entire Gross Domestic Product of
Nigeria.”

According to the report, the economic cost of bribery becomes even more palpable when considering that, on average, bribe-payers pay an amount equivalent to six per cent of the average annual income of Nigerians.

It said differently from actual trends of bribery experience, more than half of Nigerians believed that corruption increased in the two years prior to the 2019 survey.

The report said the analysis of the list of the most pressing problems afflicting the country, as reported by Nigerian citizens in 2019, showed that corruption has moved from 3rd to 5th position, as there had been a sharp increase in the level of public concern about security and health issues.

“Around nine per cent of Nigerians considered corruption to be the most important problem facing their country, a significant
decrease from the 14 per cent recorded in the 2016 survey.” it added.

The survey found that although a smaller percentage of Nigerians that had contact with public officials paid bribes, or were asked to pay
bribes, those who did pay bribes continued to do so quite frequently.

It said, “In 2019, Nigerian bribe-payers paid an average of six bribes in the 12 months prior to the survey, or one bribe every two months, which is virtually the same as the average of 5.8 bribes paid per bribe-payer in 2016.

“As a result, it is estimated that some 117 million bribes are paid in Nigeria on a yearly basis, the equivalent of 1.1 bribes per adult.”

Share on Facebook Tweet Email
TagsBribery Bribery to government officials businessamlive Corruption in Nigeria
PreviousOMSL denies involvement in alleged attack of NPA MD by hoodlums
NextOil set for big weekly gains as OPEC+ agrees on deeper output cuts

Leave a comment

- Cancel reply

MARKET DATA

Market Videos

Recent Posts

  • Will Parler Prevail in Its Antitrust Case Against Amazon?
  • Why Universal Basic Income Should Be President Biden’s Top Priority
  • Safety and customer experience in aviation
  • CBN’s 300,000MT: A drop in ocean of Nigeria’s maize crisis
  • Will 2020 Be Seen as the Year of the SPAC Bubble?

World

Africa

Buhari, Okonjo-Iweala congratulate Adesina over reelection as AfDB President

Europe

EU businesses to cut investments in 2020, says EIB report

America

U.S. increases cost of visa application for Nigerians

Africa

Thatcher-Loving Nigeria Candidate Plans to Overhaul Economy

Africa

AfDB scales up industrialization pace on the continent, delivers improved business access to finance, skills, energy

Frontpage posts

0

Sell-offs in Zenith, GTB buck Nigeria’s equities 7-day gaining streak as market index drops 0.1%

Frontpage August 10, 2017

1
2

Falling oil prices may hurt external reserves, CBN naira defence policy

Frontpage June 15, 2017

3

With over $400m investments, MainOne celebrates 10 years driving West Africa’s digital revolution

Frontpage June 30, 2020

4

#SayNoToSocialMediaBill trends on Twitter as Nigerians reject proposed hate speech bill

Frontpage November 22, 2019

5

Diamond Bank denies it’s in talks with Access Bank over ppssible acquisition

Frontpage November 12, 2018

SUPPORT

  • Photo Gallery
  • Help Centre
  • About Us
  • Accessibility

LEGAL & PRIVACY

  • Terms & Conditions
  • Privacy
  • Cookies
  • Copyright

SERVICES

  • Conferences & Events
  • Analysts Research
  • Advertising Rate
  • Ebooks

TOOLS

  • Portfolio
  • Newsletters
  • News feed
  • Currency Converter

SUBSCRIBE

Join us to get latest updates on business related news.

[mc4wp_form id="3076"]
  • ABOUT US
  • CONTACT US
  • CAREERS
  • TERMS & CONDITIONS
  • PRIVACY POLICY
Copyright 2017. All rights reserved. BusinessAMLive. A Businessnewscorp Member Company.