Paris Club: Another Nigerian heist that won't go away | TheCable

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[OPINION BY TOPE FASUA] Paris Club: Another Nigerian heist that won't go away | TheCable

How do we end this phenomenon whereby Nigeria is treated basically as a fallen elephant, butchered mercilessly in many ways by just about everyone – foreigners and locals alike? Some may say corruption is always present in underdeveloped nations as they find their way up. But the Nigerian experience is different. While other nations may see corruption as we do, people elsewhere keep more of the corruption money in their country.

Invariably, after months of inaction when he did not appoint his ministers for whatever reasons, President Buhari had become unpopular and finally caved into the requests by state governors to be refunded some over-deductions from their FAAC allocation , which had happened over several years as the federal government sought to repay the Paris Club. There is a historical perspective to this. In the 1980s and 1990s, state and local governments could borrow from abroad directly.

 

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