The Independent Corrupt Practices and other related offences Commission has called on the federal government to champion strong conditionalities that would make corrupt public officials punished.
ICPC Chairman, Prof Bolaji Owasanoye, who spoke in Owerri, the Imo State capital on Thursday at a rally commemorating the 2019 African Union Anti-corruption Day by the ICPC said that the economic negative impact of corruption on the African continent was ” glaring. ”
Represented by the Imo state chairman, Aruo Udonsi, Owasanoye said that the worst hit victims of crimes of corruption in Africa were the vulnerable “poor and marginalized individuals.”
According to him, the continent would not make meaningful headway unless issues of corruption in public offices were decisively dealt with.
He said, “Since proceeds of crime end in assets, stashed mostly abroad, it is germane that Nigeria adopts the strategy of asset recovery and return to the source as one of the cardinal points of her national anti-corruption strategy. ”
“It is even sad that the bulk of an estimated USD90b that leaves Africa through illicit financial flow annually might have come from Nigeria. The continent as a whole certainly receives less than that amount in development assistance from countries of Europe and America yearly.
“As you are aware, president Muhammadu Buhari being the AU anti-corruption champion, charged the new ICPC board at its inauguration early in the year with the responsibility of pursuing a renewed and more rigorous war against corruption in Nigeria.
“When N10m is stolen from public coffers or misappropriation from a local governor, twenty boreholes meant to provide portable water to the local people are never dug, the corrupt officials and their collaborators in turn smile to the banks at the expense of the majority.
ICPC Chairman, Prof Bolaji Owasanoye, who spoke in Owerri, the Imo State capital on Thursday at a rally commemorating the 2019 African Union Anti-corruption Day by the ICPC said that the economic negative impact of corruption on the African continent was ” glaring. ”
Represented by the Imo state chairman, Aruo Udonsi, Owasanoye said that the worst hit victims of crimes of corruption in Africa were the vulnerable “poor and marginalized individuals.”
According to him, the continent would not make meaningful headway unless issues of corruption in public offices were decisively dealt with.
He said, “Since proceeds of crime end in assets, stashed mostly abroad, it is germane that Nigeria adopts the strategy of asset recovery and return to the source as one of the cardinal points of her national anti-corruption strategy. ”
“It is even sad that the bulk of an estimated USD90b that leaves Africa through illicit financial flow annually might have come from Nigeria. The continent as a whole certainly receives less than that amount in development assistance from countries of Europe and America yearly.
“As you are aware, president Muhammadu Buhari being the AU anti-corruption champion, charged the new ICPC board at its inauguration early in the year with the responsibility of pursuing a renewed and more rigorous war against corruption in Nigeria.
“When N10m is stolen from public coffers or misappropriation from a local governor, twenty boreholes meant to provide portable water to the local people are never dug, the corrupt officials and their collaborators in turn smile to the banks at the expense of the majority.
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