Corruption Is The Biggest Among The Challenges Essay

Corruption is the dishonest or fraudulent conduct by those in power. Those in power become corrupt for personal gain. They want to gain money, influences and more power. Corrupt individuals or businesses want to stay in power. In order to stay in power, there must be a group of individuals that are dominated or oppressed.

First, it is important to define what corruption is. The term, “corruption” covers a broad range of human actions,

I Think corruption starts within organizations is when There are no authority checks and balances that effects the mindset and integrity of The employees who are in high management positions and also working within the any department of a government sector or business. With the economy growing in many states corruption decreases because jobs are able to pay people well and not below what the job position requires. Many factors play when it comes to corruption because it starts from home so a family or person can live well and a major factor can be the strength of the state presidency office if, the presidency for the state is not strong and showing good change to help the state in bad times people start to lose motivation and practices that things will get better and decide to take things in their own hands as for corruption.

Corruption can take many forms and can be found in many countries, but mainly in the emerging ones. The main form of corruption is the bribery in the form of payments demanded by the government or ministry officials in exchange for a favor (granting a service, awarding a business).Corruption affects all the businesses that interfere with the government, but studies have shown that certain industries are more exposed to it. These industries are construction, airline manufacturing, power plants, and oil and gas production.

First off is how resources fuel corruption an example of this is money. Money is gotten from resources and money can be used to buy thing for one owns gain and if someone of power has lots of money they can use that money for their own gain or there countries gain or whatever it is they are in control of.

Almost similar to fraud, corruption is the misuse of public power by an elected politician or appointed civil servant for private gain. The broader definition covers not only the politician and the public servant, but also the CEO and CFO of a company. Major corruption comes close whenever major events involving large sums of money or huge quantities of products often in disaster situations, are at stake. Sometimes, corruption flourishes in situations involving high technology, or in situations that are chaotic.

Corruption. What is corruption? Corruption is dishonest or illegal behavior by powerful people, such as government officials

Despite the real efforts made, there has been little concrete progress to date. In most developing countries today, corruption is widespread and part of everyday life. Society has learned to live with it, even considering it, fatalistically, as an integral part of their culture. Not only are public or official decisions – for instance, on the award of government contracts or the amount of tax due – bought and sold, but very often access to a public service or the exercise of a right, such as obtaining civil documents, also has to be paid for.

In addition to the importance of corruption in the policy agenda, there is emerging consensus in academia, empirically as well as theoretically, that corruption has detrimental effects on society on different levels. Odell (2010) describes it as a ‘systematic disabler’ damaging economic and human development and adding

Corruption can be defined as the use of entrusted power to accumulate public wealthy for personal benefit. Corruption is not peculiar to any country, continent or state; it is sure a global issue which is an endemic to all government all over the world. However, corruption is prevalent in the Niger delta region of Nigeria; public officers in this oil producing state of Nigeria are corrupt. Consequently, it has defied the Niger delta from developing politically and economically which has left the states reputation in a mess. Radicalization of youths, abject poverty and -political instability are the three leading effects of corruption in the Niger delta region of Nigeria.

(Corruption defined causes, effects and means of combating it, 2003, Judge Dr. Rahim Hassan Ugaili,)

This research work is divided into nine chapters. Chapter one introduces the thesis holistically, sets out the research objectives, research questions, methodologies, theoretical framework, research structure and reviews relevant literature related to the work. Chapter two considers the historical antecedents of grand corruption in Nigeria setting out why it has remained systemic and has proved so difficult to combat. Chapter three examines the Nigerian legal instruments on corruption and the nexus between grand corruption and human rights abuses. Emphasis is laid on the two major anti-corruption agencies: the Economic and Financial Crimes Commission and the Independent Corrupt Practices Commission in contextualizing the argument of the chapter. Chapter

Corruption in Nigeria takes many forms and infiltrates all political institutions and economic sectors. The current government in Nigeria is not performing its task as promised when they were elected. When people run for

This will not be possible without serious commitment to solving issues that present challenges of a global nature, starting from home. Our government is fully aware of the dangerous effects of corrupt systems and institutions on our national survival, and keeping the sanctity and integrity of global political and economic transactions. The cost is one that is too great to bear. To ensure beneficial programs that utilize the productive capacity of Nigeria and its citizens, Government is working towards providing an enabling environment for honest transactions. The decades of corruption getting a head start on us has made the fight difficult but also emboldened us to ensure that corruption never again finds a safe haven in our systems and institutions.

Corruption and fraud is not only a endemic found in Africa but it is a difficulty that is faced all over the globe. Corruption is defined by Dr. Petrus Van Duyne as “a decay in the decision-making process in which a decision-making process in which a decision-maker consents to deviate or demands deviation from the criterion which should rule his or her decision-making in exchange for a reward or for the promise or expectation of a reward, while these motives influencing his or her decision-making cant be part of the decision” or can simply be defined as dishonest or fraudulent conduct by those in power, typically involving bribery. Fraud is defined as wrongful or criminal deception intended to result in financial or personal gain. Both corruption and fraud can destroy the economy, infrastructure and the society of even the most political and financially stable countries.