Rise in market value from bribes

According to a study conducted by Hong Kong Baptist University, companies around the world increased their market value by an average of $11 for every $1 that the company paid in bribes to government officials. The study focused on 166 cases of bribery at public companies and found that the average amount of the bribe paid was $2.5 Million.

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Losses to Fuel Subsidies in Nigeria

Fraud, corruption and black market smuggling of fuel leads to an estimated loss of $4 Billion a year in Nigeria, according to a legislative committee. 59 million liters of fuel is discharged from vessels across the country, yet only 35 million liters are consumed, leading to 24 million liters being smuggled out of the country.

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