Fighting corruption in Nigeria will get more difficult – VP Osinbajo

July 16, 2020
67 Views

Vice President Yemi Osinbajo has said that the ongoing fight against Corruption might get difficult in coming days. 

While speaking at the 20th-anniversary regional webinar organised by the Independent Corrupt Practices and other offences Commission (ICPC) on Tuesday July 14, the Vice President saidd that aside from the difficulties, many people will also get frustrated for standing against corruption.

Osinbajo who spoke on the topic “Combating corruption and illicit financial flows: New measures and strategies”, said; 

“The fight against corruption is nuanced and hydra-headed, it is not going to get easier by the day; as a matter of fact, it will get more difficult by the day and many will become discouraged in standing up against corruption.

“…Over the years, massive public resources and assets have been directly stolen, diverted, deliberately misapplied to gratify corrupt tendencies, stashed in foreign jurisdictions or mired in and susceptible to pilferage by the inequitable and unjust international economic system that continues to undermine the social and economic development aspirations of poor countries, especially from Africa.

“Without effectively combating corruption and IFFs (Illicit Financial Flows) and promoting international cooperation for asset recovery and asset return, Africa cannot achieve the Sustainable Development Goals. Goal 16 of the SDGs is devoted to corruption.

“Our experience in Nigeria, as in other developing countries, is that anonymous corporate ownership covers a multitude of sins, including conflict of interests, corruption, tax evasion, money laundering, and even terrorism financing.”

Osinbajo who averred that the Buhari-led administration has given anti-corruption agencies the will to operate independently, added that the country “must protect, even more, whistle-blowers – persons who come forward with information against corruption” in order to win the fight against corruption. 

He said; 

“We must protect those who are ready to fight against corruption and who are prepared to do so without necessarily disclosing their identities and even those who are ready to disclose their identities.

“We must make corruption expensive for those who engage in it and send the unequivocal message that corruption simply does not pay.

“It is the unenviable but noble task of the ICPC and other anti-corruption agencies to make corruption unattractive to its disciples and facilitate new approaches to stemming IFFS and promoting asset recovery and return.”

“The thing that we must take note of is that corruption fights back. And it is fighting back and it has the resources to do so.”

You may be interested

Burkina Faso coup: ECOWAS to engage with coupists on way forward
News
3 views
News
3 views

Burkina Faso coup: ECOWAS to engage with coupists on way forward

Webby - January 29, 2022

By Bolaji Ogundele and Vincent Ikuomola Abuja The Economic Community of West African States (ECOWA) Authority of Heads of State…

Shops razed as petrol tanker explodes in Onitsha
News
2 views
News
2 views

Shops razed as petrol tanker explodes in Onitsha

Webby - January 29, 2022

It was lamentation galore yesterday as fire wreaked havoc in Onitsha, the commercial nerve of Anambra State. No fewer than…

Burkina Faso: ECOWAS leaders demand immediate return to constitutional order
News
2 views
News
2 views

Burkina Faso: ECOWAS leaders demand immediate return to constitutional order

Webby - January 29, 2022

Deji Elumoye The Economic Community of West African States (ECOWAS) Authority of Heads of State and Government yesterday rose from…

Leave a Comment

Your email address will not be published.