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2004s ranking showed a little improvement when compared to the previous four years. The territory of the Royal Niger Company became the Northern Nigeria Protectorate and the Company itself became a private corporation which continued to do business in Nigeria.
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That year 146 nations were surveyed.
. The company received 865000 compensation for the loss of its Charter. With the passing of the Nigerian Railway Corporation Act of 1955 the company gained its current name as well as the exclusive legal. In 2003 Nigeria received the same ranking making no improvements from 2002.
Nigeria was ranked the third most corrupt country in the world in that year performing better than Bangladesh and Haiti. Under Lugard from 1900 to. It continued to enjoy special privileges and maintained a de facto monopoly over commerce.
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