#PFMDAILY 6: HUGE CONTRADICTIONS IN THE ANTI-CORRUPTION FIGHT.
The public finance management (PFM) system and the anti-corruption campaign face great contradictions.
More Abacha loot is being recovered under a govt whose leader has refused to acknowledge Abacha’s unrestrained pillage of the federal treasury. It is imperative to remember that Abacha stole all of these at a period of very low oil prices.
Recall that Abacha launched a war against corruption and even jailed failed bank chiefs. Have the leaks that enabled Abacha steal so much been plugged? There is no evidence to vouch in the affirmative. We need an institutional campaign against corruption and waste of public resources rather than the current strong man strategy.