Nigeria Drops In Corruption Ranking

Latest report  by Transparency International has shown that Nigeria has dropped one place in the 2021 Corruption Perceptions Index (CPI) ranking.

The country scored 24 out of 100 points in the 2021 index, which was revealed on TI’s official Twitter handle, @TranperencITng. It is Nigeria’s second consecutive year of a downward spiral on the TI’s CPI ranking, the country’s score having dropped from 26 in 2019 to 25 in the 2020 assessment, and further to 24 in the latest 2021 record.

The CPI is TI’s tool for measuring the levels of corruption in the systems of various countries around the world. The maximum points a country can score is 100 points, and the least is zero. Zero signifies the worst performing countries and 100, the best-ranked.

The seven weaknesses include the damning audit report; security sector corruption; failure to investigate high profile corruption cases; illicit financial flows (IFFs); absence of asset recovery, protection of whistle-blowers, and other key anti-corruption legal frameworks; judicial challenges; corruption in the COVID-19 response and Twitter ban, shrinking civic space and intimidation of human rights defenders.

Nigeria keeps its 149th position out of the 180 countries surveyed, making it the second most corrupt country in West Africa.

“The 2021 Corruption Perceptions Index released by Transparency International today shows corruption is on the increase in Nigeria,” Transparency International tweeted on Tuesday.

“The country scored 24 out of 100 points in the #CPI2021, which is one point less compared to the score of 2020.

“In the Corruption Perceptions Index 2021, Nigeria ranks 154 out of 180 countries and territories, falling back five places from the rank of 149 in 2020.”

Also on its website, Transparency International explained that Nigeria hit a historic low on the 2021 CPI.

“More than 100 powerful individuals were exposed as having used anonymous companies to buy properties with a total worth of £350 million in the United Kingdom alone. Secretive dealings among Nigeria’s powerholders were previously reported as part of the Panama papers and FinCEN Files,” TI said on its website.

Kehinde Ogunyale

Reporting on the data-driven economy, and investigations.

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