Forced Closure of Corrupt Swiss Bank

by Eze Eluchie

Whilst one congratulates the Government and peoples of the United States of America on this epoch making victory against corruption, the need to globalize the impact of the forced closure of Swiss bank, Wegelin, cannot be over stated.

The continued existence of criminally minded banking institutions in the mold of the Swiss bank, Wegelin, anywhere in the world, whether in Dubai, the Cayman Islands, or other offshore havens, represents a potent threat to US and the international community’s interests, and concerted efforts ought to be made to root out such.

Loans of death.

by Eze Eluchie

If you owned a bank, would you loan money to an entity that you know does not really need the money and is neck deep in fraud?

No!

Unless, there are 'strings attached' and you are really not loaning out any funds but merely signing documents to ensure that whilst the entities descendants are perpetually indebted, the entire team 'packaging' the 'loan' scam, privately rake in millions in 'consultancy fees' and other bogus payments.

In the interim, resulting from the 'disappearance' of the loaned funds from the World bank, our maternal mortality ratio remains one of the worst globally, we continue to bury millions of our under-5 children who die of preventable causes, our power sector remains epileptic, our youths remain uneducated, unemployable and hopeless.

The continued penchant of the World Bank to dish out loans to the Nigerian contraption knowing full well that Nigeria does not need to borrow such monies and that the kleptocrats holding sway over Nigeria will merely steal the monies and dump same back into offshore bank vaults is most wicked!

Knowing how pure our maximum rulers are; and

Knowing how mercurial our Finance Minister is; and

Realizing that our Central Bank Governor is the Central Banker of the Millennium:

I will bet that, resulting from the fictitious and fraudulent loans advanced Nigeria by the Breton Woods institutions, some smart alecs ruling over us and some World Bank staffers involved with the Nigeria Country Portfolio are all U.S.$ multi-millionaires!

I verily believe that the World Bank is seriously being short-changed and should rise up to the occasion and cleanse its activities in Nigeria.

Corruption kills.

Large-scale Corruption is a crime against humanity

Corruption compares with mass murders, rape and other crimes against humanity

http://allafrica.com/stories/201211010450.html

Picture: World Bank Headquarter building, Washington DC

Nigeria: Going Down the Corruption Drain

by Eze Eluchie

Ghana is now globally acknowledges as an example of a success story in the African continent. Ghana has transformed from (and continues to transform) into a respectable and responsible member of the international community, making giant strides in virtually all spheres of human and societal advancement.

We must however not forget that it took a drastic sanitation and cleansing of the corrupt rulership in the Ghanaian polity during the President Rawlings-era to build the necessary foundations that founds Ghana’s present prosperity.

The Nigerian superstructure, its core institutions (the Executives at various strata’s, its Judiciary and the legislature) are enmeshed in corruption that has transformed Nigeria into a danger and an embarrassment to its citizenry, the African continent and a potent source of threat to global security.

Perhaps the time has come when we begin to sensitize the international community and the world-at-large about the need and possibility for a drastic (Rawlings-type) solution to the corruption pandemic afflicting the Nigerian contraption!

Picture: Former Ghanaian President, Jerry Rawlings