Maina and Malami could well be archetypes of the kind of characters that preside over the affairs of Nigeria, from federal to state and council levels. They are everywhere. But I find it most heartbreaking that President Buhari has watched this perfidy without plucking out the culprits and crushing them. The biggest credential Buhari brought to this game was his anti-corruption resume. But in his cabinet are many ministers who ordinarily ought to be in jail as we speak. Since Buhari cannot jail them, he can at least fire them and hand them over to the EFCC. But maybe we are asking for too much. The Babachir Lawal saga remains a low point for this government. What a shame.
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Maina and Malami could well be archetypes of the kind of characters that preside over the affairs of Nigeria, from federal to state and council levels. They are everywhere. But I find it most heartbreaking that President Buhari has watched this perfidy without plucking out the culprits and crushing them. The biggest credential Buhari brought to this game was his anti-corruption resume. But in his cabinet are many ministers who ordinarily ought to be in jail as we speak. Since Buhari cannot jail them, he can at least fire them and hand them over to the EFCC. But maybe we are asking for too much. The Babachir Lawal saga remains a low point for this government. What a shame.
OPINION: Let’s not deceive ourselves; Corruption is Winning, by Umar Sa'ad Hassan
By: Bhodemarz on October 30, 2017 / comment : 0 corruption, EFCC, opinions

Buhari’s govt rotten, covered with scandalous Corruption –Fayose
By: Bhodemarz on October 28, 2017 / comment : 0 Buhari, corruption, Fayose, news, politics

President Buhari Lacks The Power To Fire Abdulrasheed Maina – Jiti Ogunye
By: Bhodemarz on October 24, 2017 / comment : 0 Buhari, corruption, Maina, opinions
Maina's Reinstatement: A Classical Example Of Honour Among Thieves -PDP
By: Bhodemarz on October 24, 2017 / comment : 0 corruption, Maina, news, PDP
Buhari Orders Maina’s Disengagement From The Civil Service, As Osinbajo Orders EFCC To Fish Him Out
By: Bhodemarz on October 23, 2017 / comment : 0 corruption, Maina, news

US, UK biggest recipients of looted funds from Nigeria – Expert
By: Bhodemarz on October 23, 2017 / comment : 0 corruption, news, UK, USA
His submissions were contained in a paper titled, “From Maitama to Mayfair: How International Financial and Property Markets Fuel Corruption in Nigeria’’.
The guest speaker noted that current banking, property and corporate laws in the U.S. and U.K. did not only lack adequate safeguards, but were designed to facilitate illicit financial flows from Nigeria.
“Nigeria’s kleptocrats deftly use both Nigerian banks and the international financial system, especially anonymous shell corporations and offshore tax havens, to launder stolen public funds and stash them overseas, often in the form of high-end real estate in London, Dubai, New York, and California.
“Despite possessing robust discretionary powers, the US and UK rarely deny visas to corrupt officials or report cases of suspected corruption or unexplained wealth back to law enforcement agencies back home.
“The UK is one of a small number of global financial centres that play a key role in processing substantial levels of corrupt capital,’’ he said.
Citing Transparency International, he said an estimated 57 billion pounds was laundered within and through the UK in 2013 alone, representing 3.6 per cent of that year’s national real GDP.
Page, a non-resident fellow with the CDD, described the London property market as highly vulnerable to corrupt wealth flowing into it.
“If Nigerian kleptocrats are unable to visit their properties and spend their illgotten gains in luxury boutiques in London, Dubai, and New York, the incentives for off-shoring them, would likely diminish.
“There is no doubt that the readiness with which the UK, US, and other parts of the international financial system absorb illicit financial outflows from Nigeria compounds the damage corruption inflicts here.

According to him, moneys laundered abroad“ put pressure on the Naira, raise property prices in London and are much more difficult for anti-corruption agencies to locate and recover’’.
Page noted that the role played by the international financial and property markets in driving problem in Nigeria was a key aspect of the equation that was lacking in the corruption.
To address the challenge, he made a number of recommendations, including elimination of secrecy jurisdictions to require beneficial ownership disclosure of companies and property.
Page also called for enhanced funding for relevant law enforcement agencies as well as transition to financial independence for them.
The Director of CDD, Ms Idayat Hassan, said the roundtable was one of several contributions by her organisation to the anti-corruption war in the country.
Hassan stated that the forum would produce feasible recommendations on how to prevent off-shoring of stolen wealth in Nigeria.
Source: vanguardngr.com
OPINION: Corruption Will Not Kill Nigeria, by Timeyin Preston Ideh
By: Bhodemarz on October 18, 2017 / comment : 0 corruption, opinions, StearsBusiness

Buhari Is Surrounded By Thieves, Fighting Corruption Alone-Kenyan Law Professor, Lumumba
By: Bhodemarz on October 13, 2017 / comment : 0 Buhari, corruption, news, opinions

Buhari's Corruption Is More Innocent Than Yours By Emmanuel Ugwu
By: Bhodemarz on October 11, 2017 / comment : 0 Buhari, corruption, opinions

SERAP Seeks Court Orders For FG To Stop Ex-Govs Making Millions As Senators, Ministers
By: Bhodemarz on October 09, 2017 / comment : 0 corruption, news, politics, SERAP

assembly in superior courts in Nigeria.”

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