Corruption Is The Biggest Among The Challenges Essay

CHAPTER ONE 1.0 INTRODUCTION Corruption is the biggest among the challenges in Nigeria. It is clear to every citizen of Nigeria that the level of corruption in the country is high. Corruption, an ethical and moral problem which varies from place to place, time to time, culture to culture and with the level of economic development; is a global phenomenon that affects developed, developing and underdeveloped nations of the world. It is a major societal problem in the 21st century (Aluko, 2008). 1.1 What is Corruption? Corruption is dishonest or fraudulent conduct by those in power typically involving bribery (Uzochukwu Mike on hubpages). Corruption is illegitimate use of power to benefit a private interest (Morris, 1991). Corruption is the giving or taking of bribe by a person to cover up the truth. It also involves the use of public funds for private use. Corruption most times also is an act considered as a criminal act according to the law of that particular place. Corruption is a disease that destroys the fabric of any nation. 1.2 CORRUPTION AND DEVELOPMENT Most times, corruption impacts negatively on the development of any society. It involves the cutting of corners in order to provide substandard services in the various sectors of a society which therefore retards the growth in the respective sector such as economic sector, educational sector, medical sector, industrial sectors and other sectors. It may have negative effects such as breeding of negative work ethics, andShow MoreRelatedCorporate Social Responsibility And Csr1555 Words   |  7 Pages Brazilian business associations, civic and academic organizations. UNGC was introduced in Brazil in 2001. In 2003, the Global Contact Network was formed and has six thematic task forces: governance, communications, environment, education, anti-corruption, human rights and labour (Global Compact Network Brazil). 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