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Deciphering The Phenomenon Of Elite Corruption In Africa, Segun Oshewolo, Babatunde Durowaiye

Segun Oshewolo

Development challenges transverse the countries of Africa. This explains why the continent has progressed with comparative slowness in the global community. Among these challenges, the phenomenon of elite corruption proves to be one of the most potent. The paper offers a flash of intellectual insight that simultaneously distils the conceptual orientation of the phenomenon of elite corruption and also unravels its various dimensions in the African context. To achieve the latter goal, the paper adopts the theory of rent-seeking. The theory does not only expose the conspiracy to perpetuate poverty by elites, it also reveals the mechanisms for achieving that …