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Showing posts with label Capt. Daniel Omale. Show all posts
Showing posts with label Capt. Daniel Omale. Show all posts

Thursday, 3 September 2015

Behind Every Cloud Of Corruption Lies Another Cloud by Capt. Daniel Omale



According to Transparency International, a global movement against corruption, understanding corruption is the first step in fighting it.
But what is corruption? Corruptie.org, another anti-corruption organisation, simply defines corruption as the misuse of entrusted power (by heritage, education, marriage, election, appointment or whatever else) for private gain. This broad definition covers not only the politician and the public servant, but also the CEO and CFO of a company, the notary public, the team leader at a workplace, the administrator or admissions officer, and so on.

Airlines’ Bailout Funds: Another Open Fraud? by Capt. Daniel Omale



Shortly before his death, President Yar’Adua earmarked about N300bn for airlines’ bailout. This was the largest single aviation intervention fund in the history of Nigeria. The bailout programme was welcomed with caution, because knowing the operating business terrain of Nigerians, the majority of airline operators were considered “risky” borrowers. Paying back the loan was going to be a very huge plight. Sure enough, no recipient has liquidated or repaid any money to offset, at least, part of the loan.

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