It is quite pitiable that a country so blessed like Nigeria has remained where it was since the oil boom era, a country with such deposit of natural and human resources should have been competing and ranking with major world economies today.
Unfortunately, this is not the case because of the high rate of corruption in national and local offices over the years. Selfish politicians have looted national treasuries and built endless palaces here on earth to the detriment of the masses.
One time president Olusegun Obasanjo is reputed to have stolen over $25 billion between from 1999-2007, from the stolen money $16.4 billion is from the Nigeria power sector, yet nobody has blamed the erratic power supply witnessed in this country on this former president, no past administration has been able to investigate this former president, I guess it all boils down to the power that be.
The next person is a onetime military president Ibrahim Babangida, a man responsible for a lot of atrocities during his reign, a man who made the national treasuries his bedroom, he is reputed to have embezzled over $15 billion from 1985- 1993, $12.4 billion of the said amount was falsely acquired through the oil windfall in 1990.
For a man who ruled for just a year, Abdusallami Abubakar should be crowned the most corrupt politician in Nigeria’s history. $9 billion was embezzled by this man back in 1998-1999. If it were in China the above politicians would have been long forgotten.