Corruption is Nigeria's Greatest Obstacle to Development, Says Jaiz Bank MD

Corruption remains the biggest obstacle hindering Nigeria from achieving its economic potentials, according to the Managing Director of Jaiz Bank, Muhammad Nurul Islam. Speaking in a keynote lecture at a one-day forum of the Finance Correspondents Association of Nigeria (FICAN), Islam said corruption had often given way to a situation where the wrong people had been given leadership responsibilities. Moreover, he said FICAN had a critical role to play in exposing illegal financial transactions. The aim of the FICAN platform was to promote a mechanism for reviewing and analysing activities in the country's economic sphere.