The Evils of Corruption

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The Evils of Corruption
Many studies have been conducted that show the evils or consequences of corruption. And corruption has taught the Nigeria a dangerous and wrong lesson that it does not pay to be honest, hardworking and law-abiding. Through corrupt means many political office holders acquire wealth and properties in and outside Nigeria; and many display their wealth (which is beyond the means), but the society does not blink. This has made politics a big business in Nigeria, because anything spent to secure a political office is regarded as an investment, which matures immediately one gets into office (The Guardian, July 14, 2002). Corruption wastes skills as precious time is often wasted to set up unending committees to fight corruption, and to monitor public projects. It also leads to aid forgone. Some foreign donors do not give aid to corrupt nations. For instance, the International Monetary Fund (IMF) has withdrawn development support from some nations that are notoriously corrupt. And the World Bank has introduced tougher anti-corruption standards into its lending policies to corrupt countries. Similarly, other organizations such as the Council of Europe and the Organization of American States are taking tough measures against international corruption (OECD, December 1997). Corruption is politically destabilizing, as it leads to social revolution and military takeovers. Most "post-coup rationalizations" in less developed worlds point to corruption. TheGeneral Buhari's post-coup broadcast to Nigerians in 1983 is a case in point (Welch, Jr., 1987). But hiding under the excuse of corruption to topple a legitimate government in Nigeria will seize to be a credible reason for the involvement of the military in Nigerian politics in future. This is because many of the previous military leaders in Nigeria were as corrupt, if not more corrupt than the civilian politicians they replaced. Corruption was even blamed for the first 1966 military coup in Nigeria (and...
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