Business Corruption in Nigeria
Corruption is a significant obstacle to business in Nigeria: companies are very likely to encounter bribery and other corrupt practices. Corruption risks are pervasive throughout all institutions but are most prevalent in the police. Corruption is criminalised primarily by the Criminal Code and the Corrupt Practices and Other Related Offences Act. Accepting or giving gifts ('gratifications') as well as facilitation payments are illegal, and individuals can be penalised with up to 7 years' imprisonment. Despite a strong legal framework, Nigeria is unable to prevent corruption: in practice, gifts, bribery and facilitation payments are the norm.
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