ENUGU—-A professor of Economics at the Enugu State University of Science and Technology, ESUT, Nicholas Attamah, has identified economic stagnation, capital flight and weak institutions as consequences of deep-rooted corrupt practices in Nigeria.

Professor Attamah stated that the spread of corruption in Nigeria has done a lot of damages to the nation’s economic activities, adding that efforts by the governments to eradicate the monster from the public service over the years have been unsuccessful.

He made the disclosure weekend, while presenting the 56th inaugural lecture of ESUT titled “Navigating the Moral Maze: Wealth Creation and Ethical Conduct in a Corrupt Public Sector.” He further said that due to the culture of corrupt practices in Nigeria such as bribery, embezzlement, money laundering among others, some investors have relocated to other countries of the world because of uncertain business environment, resulting in capital flight in the country. “Corruption has created an environment of instability and uncertainty that deters investment in Nigeria.

Corruption creates a climate of risk and uncertainty because of the fear that their assets could be seized or that contracts may be unfairly awarded. This has created capital outflow in the country thereby reducing the tax base and making it more difficult for the government to finance public services,” he explained. He equally said that despite the establishment of anti graft agencies such as the Economic and Financial Crimes Commission, EFCC, Independent Corrupt Practices and Other Related Offences Commission, ICPC, the Code of Conduct Bureau, CCB, to combat corruption and promote transparency, desired results have not been achieved.

He therefore, recommended institutional reforms, strengthening of anti-corruption agencies and ethical leadership development as panacea for corruption ravaging every facet of Nigerian economy. He further stated that by promoting ethical conduct and implementing strategies to reduce corruption, governments can create conducive environment for wealth creation and economic growth in Nigeria.

Earlier in his opening remarks, the Vice Chancellor of ESUT, Professor Aloysius-Michaels Okolie, noted that the topic of the lecture was timely owing to the monstrous growth of corruption and moral decadence in public sector, and society at large. He further called on Nigerians to reflect on the reasons behind deep-seated corrupt practices and moral dislocation in the nation.

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Ebe Ano City – Prof Nicholas Attamah will deliver the 56^th Inaugural Lecture of the Enugu State University of Science and Technology (ESUT).

The lecture which promises to be devoid of pontification will be based on strict and clinical dissection of compelling variables in the decadent public sector economy of Nigeria.

A Professor of Public Sector Economics and Dean, Faculty of Social Sciences and Humanities, ESUT, Prof Attamah will anchor his lecture on the theme “Navigating the Moral Maze: Wealth Creation and Ethical Conduct in a Corrupt Public Sector”

The Lecture will be delivered on Thursday, March 26, 2026 at the Dr Peter Ndunuii Mbah Multi-purpose Auditorium, ESUT Main Campus, Ebe Anọ City Enugu by 11am. 

The lecture would be historic as the Dean becomes the first Professor in

the Department of Economics to deliver professorial lecture. Scholastic fireworks will be robustly unleashed.

The 56^th Inaugural lecture is coming just a month after Prof Patrick Onuamah delivered the 55^th edition on February 26, 2026.

Prof Nicholas Ezeudo Attamah, Professor of Public Sector Economics, a Consummate Scholar with subsisting mantle as the Dean of Faculty of Social Sciences And Humanities, is overly poised to blaze the trail as first Inaugural lecturer in academic annals of Department of Economics.

According to Corruption Perceptions Index (CPI) released by Transparency International, last month, Nigeria ranked 142nd out of 182 countries, scoring 26 out of 100. This indicates high levels of perceived public sector corruption, maintaining a similar score as 2024 despite a slight drop in ranking due to the increased number of countries surveyed.

The CPI, which measures perceived levels of public sector corruption on a scale from 0 (highly corrupt) to 100 (very clean), assigned Nigeria a score of 26 — unchanged from 2024. Despite the steady score, the country slipped two places from its previous 140th position, reflecting relative declines as other countries made progress.

Nigeria’s performance remains significantly below the global average score of 42, which itself fell slightly from 43, with more than two-thirds of countries scoring below 50. The ranking also places Nigeria behind 33 other African nations.

Within Africa, Seychelles led the continent with 68 points, followed by Cabo Verde (62), Botswana (58), and Rwanda (58). Other countries that ranked ahead of Nigeria include Mauritius, Namibia, Senegal, Ghana, South Africa, Tanzania, Morocco, Tunisia, Kenya, and Egypt.

The CPI, which measures perceived levels of public sector corruption on a scale from 0 (highly corrupt) to 100 (very clean), assigned Nigeria a score of 26 — unchanged from 2024. Despite the steady score, the country slipped two places from its previous 140th position, reflecting relative declines as other countries made progress.

Nigeria’s performance remains significantly below the global average score of 42, which itself fell slightly from 43, with more than two-thirds of countries scoring below 50. The ranking also places Nigeria behind 33 other African nations.

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