{"id":105657,"date":"2023-06-27T15:29:41","date_gmt":"2023-06-27T14:29:41","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=105657"},"modified":"2023-06-27T15:29:41","modified_gmt":"2023-06-27T14:29:41","slug":"many-world-bank-grants-marred-in-corruption-icpc","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/many-world-bank-grants-marred-in-corruption-icpc\/","title":{"rendered":"Many World Bank Grants Marred In Corruption \u2013 ICPC"},"content":{"rendered":"<div dir=\"auto\">The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has said many grants from the World Bank are marred in corruption.<\/p>\n<p>Prof. Bolaji Owasanoye, Chairman of the anti-corruption body, said this when he hosted a delegation of the Economic and Organised Crime Office of Ghana recently.<\/p>\n<p>Owasanoye, a Senior Advocate of Nigeria (SAN), said the political economy of the international ecosystem was not designed for developing countries to progress in the fight against corruption.<\/p>\n<p>\u201cWe have to understand as developing countries that the political economy of the international ecosystem is not designed for us to progress no matter how hard we try.\u2019<\/p>\n<p>\u201cIt is enlightened self-interest. For example, Nigeria borrowed one billion dollars in 1978. As at 2006, when we had the write-off, Nigeria was owing 32 billion dollars and it is designed in that way because of their rules of engagement and dispute resolution. The rule uses the IMF and the World Bank to whip you into line when you want to challenge the debt.<\/p>\n<p>\u201cHow many countries have taken the World Bank to court? Does it not have failed loans? Many of the loans the World Bank grants are marred in corruption but nobody has the courage to take them to court because those issues are usually politically determined,\u201d he said.<\/p>\n<p>Lamenting how developing countries get swayed by outcomes of international surveys, the ICPC boss said it was wrong to use perception surveys to compare experience surveys.<\/p>\n<p>He said: \u201cIn developing countries, we are driven by the outcomes and report of international surveys. International surveys are not innocent, and it is na\u00efve to think they are otherwise. If you do not create a system where your voice is heard, a kind of platform where you say your own and refuse to be driven by the outcome of those reports, you will continue to be apologetic.<\/p>\n<p>\u201cI was in Abidjan last year and I spoke in a panel that had representatives from Transparency International and I told them it is wrong to use perception survey to compare experience survey, it is like comparing sleep with death.<\/p>\n<p>\u201cIs it not strange that Transparency International will rank countries that are losing assets as more corrupt than the countries receiving the stolen properties? And under the common law, both the thief and the receiver of stolen properties are both guilty. But when they rate us, they will rate the receiving countries as being more honest but those of us whose properties are stolen every day are rated to be more corrupt<\/p>\n<p>\u201cWe must have a home-grown approach because it makes our work easier. We try to do our own survey where we talk to people, document and publish it so that when someone throws TI\u2019s index to my face, I will tell them I have my own survey before you form an opinion.\u201d<\/p>\n<div class=\"yj6qo\" style=\"text-align: justify;\"><\/div>\n<div class=\"adL\" style=\"text-align: justify;\"><\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has said many grants from the World Bank are marred in corruption. Prof. Bolaji Owasanoye, Chairman of the anti-corruption body,&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":66761,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-105657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Many World Bank Grants Marred In Corruption \u2013 ICPC - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/many-world-bank-grants-marred-in-corruption-icpc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Many World Bank Grants Marred In Corruption \u2013 ICPC - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has said many grants from the World Bank are marred in corruption. 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