Nigeria must eliminate corruption to attain economic growth- Nuhu Ribadu
Tue Sep 20, 2016 08:51:pm National
1.7K By Buchi Obichie
Pioneer Chairman of the Economic and Financial Crimes Commission, EFCC,
Mallam Nuhu Ribadu, has warned that for Government to succeed in
revitalizing the ailing economy, corruption must first be stamped out.
The ex- EFCC Chairman made his remarks at the Annual Conference of the Nigerian Institute of Management in Abuja on Monday while delivering a lecture, entitled "Minimizing Corruption in Public Life."
According to Ribadu, Nigeria must take urgent but painful steps to eradicate corruption and pave the way for sustainable development and good governance like other progressive nations of the world.
Among the urgent but painful steps that must be taken, according to him, are the stoppage of subsidy in any form by the government, prevention of corrupt persons from being elected into public office and refusal to celebrate criminals as heroes on account of their wealth instead of sending them to prison.
Ribadu also insisted that the use of security votes by Government officials must be stopped, and cash transactions should be replaced with electronic transfers for easy monitoring of cash movement.
He said: "Leadership at all levels should be beyond reproach to provide the needed example. There should also be the will to apply the sanctions.
"As I have pointed out several times, lack of will by the political leadership to prosecute the war against corruption takes us nowhere. The political leadership should be determined and it should be seen to be serious about it.
"Honesty has to be lifted to the position of a prized and rewarding national value. "Criminals should not be celebrated as heroes on account of their wealth.
"All Government expenditures should be budgeted. Extra-budgetary spending should be criminalised and security votes should be completely phased out.
"Transparency should be the keyword in all government businesses; from budgeting to award of contracts and even employment. Lack of transparency is the first thing that sows the seed of corruption.
"Smart technology should be deployed in procurement process to give room for transparent and accountable system of doing business.
"Cash transactions should be completely abolished or minimized as much as possible. With electronic movements of cash everything could be within watch and can be tracked."
The ex- EFCC Chairman made his remarks at the Annual Conference of the Nigerian Institute of Management in Abuja on Monday while delivering a lecture, entitled "Minimizing Corruption in Public Life."
According to Ribadu, Nigeria must take urgent but painful steps to eradicate corruption and pave the way for sustainable development and good governance like other progressive nations of the world.
Among the urgent but painful steps that must be taken, according to him, are the stoppage of subsidy in any form by the government, prevention of corrupt persons from being elected into public office and refusal to celebrate criminals as heroes on account of their wealth instead of sending them to prison.
Ribadu also insisted that the use of security votes by Government officials must be stopped, and cash transactions should be replaced with electronic transfers for easy monitoring of cash movement.
He said: "Leadership at all levels should be beyond reproach to provide the needed example. There should also be the will to apply the sanctions.
"As I have pointed out several times, lack of will by the political leadership to prosecute the war against corruption takes us nowhere. The political leadership should be determined and it should be seen to be serious about it.
"Honesty has to be lifted to the position of a prized and rewarding national value. "Criminals should not be celebrated as heroes on account of their wealth.
"All Government expenditures should be budgeted. Extra-budgetary spending should be criminalised and security votes should be completely phased out.
"Transparency should be the keyword in all government businesses; from budgeting to award of contracts and even employment. Lack of transparency is the first thing that sows the seed of corruption.
"Smart technology should be deployed in procurement process to give room for transparent and accountable system of doing business.
"Cash transactions should be completely abolished or minimized as much as possible. With electronic movements of cash everything could be within watch and can be tracked."
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