Nigeria loses a quarter of its annual budget or N2.5 trillion annually to public sector corruption, the Society for Forensic Accountants and Fraud Prevention (SFAFP) has said. The group identified the top ways the atrocities were being committed as: unlawful use of public assets for private advances; underpayment of taxes and duties on export as well as import. According to the group, other ways were fraud and embezzlement; payment of salary to ghost workers; bribery and extortion; payment for air supply (goods or services not provided or rendered); over and…
Read MoreNigeria loses N2.5 trillion to corruption yearly – Forensic experts
