Nigeria's $5.5-Billion Arms Scandal Tests Buhari's War on Graft

Updated on
  • President Buhari has pledged to make graft-fight top priority
  • Buhari estimates 10 percent of Nigeria's oil output is stolen

Revelations that top officials are suspected of pilfering the equivalent of almost the entire annual defense budget would cause shock waves in most countries. Not in Nigeria, where the public sees political power and graft as bedfellows.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.