Friday, October 30, 2020

Corruption woven into Nigeria’s fabric, lack accountability – President Buhari

-

Corruption will continue to thrive in the country when accountability is ignored, President Muhammadu Buhari has said.

The president was speaking on Tuesday in Abuja at the 49th annual conference of the Institute of Chartered Accountants of Nigeria (ICAN).

Before declaring the conference open, the president said because of the damaging effects of corruption on the country’s economy, his administration was doing everything possible to curb the malaise.

Represented by the Secretary to the Government of the Federation, Boss Mustapha, President Buhari said corruption and impunity grow when accountability is disregarded.

- Advertisement -

He also said “people get away with all manner of questionable things when accountants are unable to check them”.

Urging accountants to always see corruption as a gross violation of human right, he described his administration’s fight against graft as a “struggle for nation building for the future generation.”

“For the majority of our people, the millions that are in hardship, the sick, the helpless, corruption is the major reason why they cannot go to school, why we have few equipments and doctors in our hospitals,” he said.

Related: Nigeria to tackle international fraud in a new executive order by President Buhari

“Corruption diverts public resources, thereby causing much suffering, deprivation and unnecessary deaths in the country.”

- Advertisement -

He said if his government does not slay corruption with the passion it deserves, the people will not get the result they need.

The president said government will continue to provide the desired leadership to the fight with the optimism that the glorious days will soon come.

“Corruption, our greatest enemy will certainly fight back. But, we must continue to fight to effect a change to our value system,” he said.

Commendation

He expressed confidence that the initiative of ICAN would greatly assist government at all levels to be more transparent and accountable to the people.

Meanwhile, a former Director of the Kenyan anti-corruption agency, Patrick Lumumba, said “it appears corruption is thriving, because Nigerians are not yet tired of it.”

Mr Lumumba, who was the guest speaker at the occasion, said “the day Nigerians become tired of corrupt practices, the actions that would follow would put an end to graft in the country.”




He lamented that in a society where people celebrate those that fraudulently enrich themselves, corruption will continue to thrive.

“Corruption is a crime against humanity. Experiences have demonstrated that if a people in a country are sufficiently fed up, they will rise up.

“If we think the international community will solve our problems, then we have shown that we are incapable of solving them,” he said.

Related: Nigeria: President Buhari Unveils ABC of Anti-Corruption Fight

“The day Nigerians and many Africans are fed up with corruption, things will begin to change. But as long as we celebrate thieves and money, no matter how they are got, everybody don’t care about how it is got. The day we begin to get angry, the country will change within a month,” Mr Lumumba said.

- Advertisement -

Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, denied allegations that the anti-graft agency “usually sweeps corruption cases involving members of ruling party under the carpet”.

He said the biggest conviction the agency secured under his leadership were those involving two former governors: Jolly Nyame of Taraba and Joshua Dariye of Plateau.

“We are (were) created to fight corruption. The biggest conviction we have is of two governors that have been convicted. You know their political affiliations and we don’t stop cases,” he said.

He called on ICAN to continue to support the fight against corruption adding that this would help stimulate economic development.

MUST READ

FirstEnergy fires CEO, other executives over Ohio bribery scandal

FirstEnergy Corp. has fired its CEO amid multiple federal investigations related to an Ohio nuclear bailout law passed year. The Akron-based utility company announced in a...

Ukraine’s court strips critical power from anti-corruption agency

Ukraine's Constitutional Court has stripped the country’s anti-corruption agency of some of its critical powers. The high court’s ruling published on October 28 declared it...

Former South Korean President Lee Myung-bak sent back to prison for 17 years in corruption case

Former South Korean president Lee Myung-bak was ordered back to prison on Thursday (Oct 29) as the country's Supreme Court upheld a 17-year jail...

Nigerian court declines to issue international arrest warrant for fugitive ex-Petroleum Minister in corruption case

The Abuja Division of the Federal High Court, on Wednesday, refused an application by the Economic and Financial Crimes Commission, EFCC, for an arrest...

South Korea’s former Vice Justice Minister sentenced to jail for bribery and sexual favors

Former Vice Justice Minister Kim Hak-eui, the figure at the center of one of Korea’s biggest political sex scandals, was placed under pretrial detention...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

Advertisement
Advertisement

Latest News

This Week

Dutch prosecutors seize $33m in bitcoin from couple convicted of money laundering

Prosecutors from the Netherlands have seized 2,532 bitcoins worth $33 million after a couple was convicted of money laundering by the Rotterdam District Court....

Namibia probes oil firm Acer petroleum over bribes paid to government officials

THE mines and energy ministry says it is investigating allegations that an oil company bribed some senior officials to fast-track licence applications. The senior officials...

Former DEA spokesman sentenced to 7 years for posing as CIA agent to scam $4 million

A former spokesman for the Drug Enforcement Administration (DEA) was sentenced to 7 years in prison Wednesday for posing as a CIA agent on...

Judge opposed dismissal of bribery charge against former Portage mayor Synder

A judge denied Thursday two motions to dismiss a soliciting bribes charge former Portage Mayor James Snyder will be retried on, according to court...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks