For those concerned about the way corruption hinders development in Africa, a hopeful story in the Wall Street Journal today (subscription required). Here’s one paragraph:
“Since taking charge of the new Economic and Financial Crimes Commission, Mr. Ribadu has pursued oil mobsters, Internet fraudsters and corrupt politicians. The former street cop has 185 active fraud and corruption cases working their way through the courts, up from zero before the commission started its work two years ago. Working in the capital of Abuja from an office overlooking goats grazing in a vacant lot, the wiry 44-year-old has locked up 200 alleged smugglers and seized $700 million in property, including a collection of office buildings, from suspects in oil smuggling and other crimes. Royal Dutch/Shell Group, whose joint venture with the state petroleum company pumps about half of Nigeria’s oil, says the amount of crude stolen from its network has fallen by almost half since early last year.”
