Our Democracy is no longer nascent!

I am fed up, irritated and outraged by our corrupt leaders using the "Nascent Democracy" cliché to excuse the plunder of our resources by corrupt officials. I also want to use this medium to declare that our democracy is no longer nascent, what is wrong with our country is simply corruption and impunity.
Lack of accountability will destroy any country of the world, you give a man so much resources and there is no mechanism for him to render accounts? That is why local government chairmen, governors and the presidency is wallowing in so much corruption and ineptitude. Accountability is one of the most important reasons why the private sector is more efficient and credible than the public sector.
In the private sector, operational budgets are made at the beginning of every year; monthly, quarterly and yearly reports are rendered. This process keeps the operators on their toes thereby ensuring profitability or avoidance of losses. Imagine if the all the three tiers of government are run in line with this principle, i bet you thievery will  greatly reduce. Put the spotlight on any man and watch him behave himself. The national assembly must as a matter urgency make it mandatory for everybody holding any government position to render account of their stewardship periodically, they must run these places like corporations. Even angels will be tempted with billions and billions of naira in their control and not being under compulsion to render accounts.