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Osibanjo Reveals Fighting Corruption Would Be Very Hard

The Vice President of Nigeria, Yemi Osinbajo, has spoken of why the fight against corruption in the country may continue to get difficult on a daily basis.

Mr. Osinbajo spoke on Tuesday at the 20th-anniversary regional webinar organized by the Independent Corrupt Practices and other Offenses Commission (ICPC).

His speech was titled, “Combating corruption and illicit financial flows: New measures and strategies.” and was made available to journalists by his spokesperson, Laolu Akande.

He noted that aside from the difficulties, many people will also get frustrated for standing against corruption.

“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.”

Mr. Osinbajo, however, said the current administration had given anti-corruption agencies the will to operate independently in carrying out their activities without government interference.

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