It is amazing how much Nigeria’s corrupt officials and their clients spend on sex and women. Girls, ladies and new wives who are fortunate enough to be “attached” to corrupt officials and their clients are showered with luxury cars, foreign holiday trips, cushy rented apartments, new-build homes, land acquisition, school fees, obscenely generous stipends, and so forth and so on. This may appear a “normal” action of the rich and affluent until one starts to calculate the amount of Nigeria’s stolen wealth that is spent on sex and illicit sexual relations.
Research nearing conclusion robustly estimates the amount of Nigeria’s stolen wealth spent on sex and related matters at between 5 -10% (i.e. N50 million – 100 million per N1 billion) for the big level thieves; 8-15% (N80 million – 150 million per N1billion) for moderate level thieves; and 11-50% (N110 million – 500 million per N 1 billion) for modest level thieves. (These amounts largely exclude the costs of hotels, travel, communications, abortions, children bearing / upbringing, treating STDs etc.). Big thieves number around 2 thousand, moderate thieves around 20 – 40 thousand and modest thieves around 200 – 400 thousand. Petty thieves do not count. As the size of the theft increases less is spent proportionally on ‘sexualitze’. Continue reading