 Governance  Followership  Foreign perception 4.4.7 Percentage of Reduction in Financial crimes in Nigeria in the last two years is here broken down in sector terms for clearer understanding: Naira (=Nb) Dollars (US$m) Banking Fraud .......................650 4.3 Taxation Fraud ………………………3.5 23.3 Fraud in Local Business ………… 150 10.0 Multi-National (Penalties)………36 240 Others: Forfeitures 135.5 903.3 Advance free fraud Sum Total 975.0 1,180.9 4.4.8 These Figures represent about 60% of all recoveries and prevention of cash in flight within the last two & half years from the entire grand total of N11 Billion made since its inception in 2003. 4.5 Objective 5: Accelerate Regional Integration by Participating in the Harmonization of Monetary, Trade and Investment Polices 4.5.1 Nigeria is one the frontline countries within the ECOWAS sub-region. It participates fully in the harmonization of monetary, trade and investment policies of ECOWAS. 5.0 CORPORATE GOVERNANCE 5.0.1 Corporate Governance serves a major purpose of aggregating the interests of individuals, corporations and the society. It tries to draw a balance between economic and social goals as well as between individual and community goals. 47