Connect with us

Business

Resolving The Corruption Albatross

Published

on

Today, October 1, 2017 marks the 57th birthday of the nation, Nigeria. Born October 1, 1960, Nigeria has been saddled with avalanche of problems in her quest to achieve laudable political administration, crime and crisis management and infrastructural development initiatives.
Be that as it may, one of the monstrous albatross around Nigeria’s  neck  since inception,  is corruption which historians claim came into being shortly after the proclamation of her independence.
Nigeria, which is the most populated country in Africa, has been ranked high in corruption by Transparency International and other notable organisations that monitor corrupt practices around the world. They do not have anything good to say about Nigeria at all. High corruption rankings affect almost all Nigerians who migrate to foreign countries, as foreigners have the perception that since Nigeria is corrupt, so are all Nigerians.
In 2012, Transparency International deemed Nigeria one of the most corrupt nations in the world. In that year, the country ranked 139th out of the 176 surveyed countries, making Nigeria the 37th most corrupt nation.
In 2013, Nigeria ranked 144 out of 177 surveyed countries in terms of transparency. The score made Nigeria 33rd most corrupt country in the world that year. The result published by the organization also showed that Nigeria scored 25% out of 100 in terms of transparency.
In the 2014 ranking, Nigeria was ranked 136 out 174 surveyed countries (Transparency International 2014). The result showed that there was an improvement, though things were still bad. Nigeria was the 38th most corrupt country in the world in 2014.
With the emergence of a new government in 2015, many Nigerians were having great faith that corruption in the country would be minimised. In that year, power left the hands of Peoples Democratic Party (PDP) to All Progressives Congress (APC). One of the campaign promises made by the present President Muhammadu Buhari and his APC-led Federal Government was the massive eradication of corruption in the country.
Irrespective of the campaign promises, Nigeria ranked low in transparency and high in corruption in that year. In the year 2015, out of the 168 countries surveyed, Nigeria was seen at the bottom of the table in the category of number 136. This implies that Nigeria was the 32nd most corrupt country in the world in 2015.
Also, over two-thirds of the 176 countries and territories surveyed in the 2016 year index fell below the midpoint of Transparency International scale of 0 (highly corrupt) to 100 (very clean). In the last year’s survey, Nigeria sat at number 136 on the table with Guatemala, Kyrgyzstan, Lebanon, Myanmar, and Papua New Guinea. From calculation, it shows that Nigeria and the mentioned countries were ranked 40th most corrupt in 2016.
Therefore, judging the APC-led Federal Government of President Mohammadu Buhari against the yardstick it had set for itself, by comparing its performance to date to its key electoral promises, it is hard to get away from watchers’ observation that the administration is performing below expectations.
The ‘reactivation’ of the EFCC as soon as the APC took over power seems to have got a lot of Nigerians and foreigners alike excited once again that Nigeria may finally be dealing with its decades-long reputational challenge; corruption. It is hard to read a Nigerian media outlet any week these days without spotting some reference to EFCC’s work. High profile arrests have been made, discoveries of allegedly embezzled funds have been announced, and a lot of this seems on-going.
However, as significant as these activities may be, the APC-led government will likely continue to struggle to convince Nigerians and the world that the Buhari administration is serious about tackling corruption until the government is able to secure conviction and imprisonment of corrupt public officials and equally direct its efforts at corruption endemic institutions.
Thanks to the first ever large-scale household survey on corruption released recently by the country’s National Bureau of Statistics (NBS). According to the report, nearly a third of Nigerian adults who had contact with local public officials in the period under review reported cases where bribes were solicited or paid to public officials. On the average, Nigerians pay six bribes per year, or one every two months. NBS estimates the total amount of bribes paid to public officials at $4.6 billion in purchasing power parity terms—the equivalent of 39% of the country’s federal and state budgets for education last year.
The report canvassed 33,000 households across the country about whether they had been asked to pay a bribe, and complied, between June 2015 and May 2016, found that bribes were mostly paid to facilitate bureaucratic tasks such as obtaining a driving license or a land ownership certificate.
They were also commonly paid to avoid payment of fines (for breaking traffic laws, for example) and to avoid cancellation of a public utility, like electricity and water supply. The report found that almost 70% of bribes collected by public officials were paid before a service was rendered.
While corruption is prevalent across most government agencies and departments, NBS report Nigeria’s police officers were the most likely of all civil servants to solicit and collect bribes. “Of all adult Nigerians who had direct contact with a police officer in the 12 months prior to the survey, almost half (46.4%) paid that officer at least one bribe,” NBS’ report said. Prosecutors and judges were found to be the next most likely to request and collect bribes.
For decades, corruption has been viewed as a menace in Nigeria. NBS’ data-led research, the first official government survey of pubic officials’ corrupt practices, crucially reveals the extent of the rot. For the most part, the government’s anti-corruption efforts have been focused on large-scale scams involving prominent government officials and contracts. But with bribery seemingly institutionalised in public processes, it’s a problem that runs deep. Identifying how deep might be the first step to curbing it.
NBS’ report also suggests that the corruption problem won’t go away soon, as Nigerians rarely report bribery solicitations and payments—only 3.7% of those surveyed reported to the authorities that they paid bribe. The low rate is attributed to a lack of faith in the ability or willingness of the authorities to crack down on bribery. In many cases, these officials are caught in a vicious cycle of corruption. NBS’s report finds that more than 15% of households with a family member in public administration had paid a bribe.
Based on these negating statistics, that public patience on this issue is starting to run thin is obvious, criticisms from various quarters have alluded to the argument that the EFCC, as it is presently constituted, serves as a tool to witch-hunt the opposition which, indeed, appears to be greater preoccupation of the APC-led government.
Nigeria’s National Judicial Council has protested the findings, calling the report “untrue, baseless, unfounded and a figment of the imagination” of the NBS. Nigeria’s Police Force also pushed back, claiming that things aren’t as bad as the report makes out. This narrative has already been dismissed by Nigerians, who are sharing stories of less than pleasant (and legal) encounters with the police.
Joining in the view of most Nigerians in an interview with The Tide, a Port Harcourt based legal practitioner, Barr. Ampi  Gogo  Blankson argued  that the various institution set up to fight corruption are not being strengthened, rather they are being used to score political points and to target perceived political enemies.
He posited that most of the activities of the Economic and Financial Crimes Commission are more or less politically orchestrated. To buttress his point, Barr. Blackson made reference to the former governor of Enugu State, Sullivan Chime and a former Governor of Ebonyi State who decamped from their parties to the APC to seek refuge and escape politically motivated prosecution.
He said this has created palpable fear amongst the citizens who restrain themselves from speaking out their minds on the ill of the present government. “Nothing, has really changed rather people are afraid of those in government”, he said.
The lawyer believed that there are so many people in the civil and public service whose record needs to be checked to acertain if their assets are properly declared, but rather the government focus on politicians perceived to be smart.
He alluded to the fact that no nation could have a completely perfect system but the purpose of setting up the anti-graft institution is far from being achieved under the present dispensation.
“Corruption should be treated as corruption, by looking into it holistically, in the universities, the Police Civil Service, hospitals, traders, civil society, judiciary amongst others.”
It is the view of Barr. Blankson that the Buhari’s administration has not shown transparency in handling recovered money, but suggested that the public should be informed on how and where the recovered funds are appropriated. He however commended the whistle blowing policy of the present administration. “One thing I must commend the government on is the aspect of whistle blowing”, he said.
He further suggested that the institution should be properly funded, best hands recruited and its independence properly defined in the statutory books to get the best out of it.
“The law enabling the appointment of the leadership of the commission should be reviewed to save it from the manipulation of the government in power,” he said.
In a separate interview with The Tide, another legal practitioner based in Port Harcourt, Barr. Chinenye Excel Ogbuji condemned the manner and approach used to fight corruption in Nigeria. “Fighting corruption with an independent institution that will outlive the persons should be encouraged. You fight corruption through an enduring institution and not the person”, he said. He cited the United States which has an enduring institution that was very curious to know how Russia infiltrated into their electoral system not minding that Trump was favoured in the election.
Barr. Ogbuji identified element of bias as regards the current crusade against corruption, stating  that the system of fighting corruption is not sincere and transparent even as it affects the management of the said  recovered funds which the government has failed to give account of.
He attributed embezzlement of public funds to “poverty of the mind” explaining that those who have acquired wealth still embezzle public funds not because they are not financially buoyant but because they want to store up wealth for their generations to come.
The legal practitioner, however, applauded the whistle blowing policy of the Buhari regime. Said he: “I was among those who advocated for whistle blowing policy”, adding,   it is a commendable effort done by the federal government and urged Nigerians to desist from misusing the policy to witch-hunt perceived political enemies.
He posited that corruption should be tackled from its root suggesting that government should help fight corruption properly by providing basic social amenities, which would curtail the thought of embezzling public fund, and as well eradicate corruption in Nigeria. “If the various basic amenities are provided, those who embezzle this money will have no reason to do so”, he said.
A businessman in Port Harcourt, Mr. Tekena Mac-Pepple Gudi also held the view that the fight against corruption of Buhari’s regime is one sided, used to fight opposition party and that its purpose has not been achieved.
Mr. Gudi further pointed out that the ruling party use their power to witch-hunt the opposition while shading those in the ruling party.  “Corruption is fought in the line of protecting their own.”
“They should first remove the plank in their eyes before removing the speck in the eyes of others. The anti-graft crusade is like thieves recovering from thieves”, he said.
Mr. Gudi stressed that, he that must come to equity must come with clean hands, saying that the ruling government must first clean themselves and that as it stands now, corruption is being fought with the sense of protecting their own.
“All we hear is print, electronic and social media trials but none is truly prosecuted”. He challenged the government to put in the said recovered funds into different sectors so that it would not look like  recovered funds were being looted again.
The Voice, a socio-political group has this to say: “the current anti-corruption campaign is one sided and biased. We expected President Buhari to be fair to all Nigerians in terms of the fight against corruption”.
The group which spoke through its Public Relations Officer, Prince Williams Chinwo however called for an independent judiciary to tackle corruption in the country.
Captain John Williams, a social critic, believed that the fight against corruption in the country is welcomed, but the presidency should ensure that there are no sacred cows.
“Anyone found to have illegally enriched himself must be punished irrespective of party affiliations”, he said.
Williams believed that the fight against corruption in Nigeria would be far better served if the EFCC would focus on incontrovertible facts as opposed to media sensationalism which in most cases are made up of distorted facts.

Amieyeofori Ibim & Janefrancess Chibundu

Continue Reading

Business

NCDMB Signs Mgt Deal With Radisson, Edison…As Board’s 204 Rooms Hotel Open December 2026

Published

on

The Nigerian Content Development and Monitoring Board (NCDMB), on Monday signed an international management agreement (IMA), with Radisson Hospitality, Belgium and Edison Hotel and Property Development Company with respect to the Board’s 204 rooms hotel and conference center, developed adjacent to the Content Tower, headquarters of the NCDMB in Yenagoa, the Bayelsa State.
A statement by the Board’s Directorate of Corporate Communications says the management agreement was signed in Durban, South Africa by the Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe, Executive Chairman of Edison Corporation, Mr. Vivian Reedy and Director of Radisson, Mr. Garnier Erwan.
Giving assent to the agreement, Ogbe affirmed that discussions, reviews, and compliance requirements have lasted for over two years, and that the Board secured the approval of all key stakeholders, including the Attorney?General of the Federation and Minister of Justice, Lateef Olasunkanmi Fagbemi, SAN.
“The support of stakeholders ensured that the Agreement meets Nigeria’s legal and regulatory standards.The aspiration of the NCDMB is to deliver a world?class hotel in Yenagoa, Bayelsa State with a fully equipped conference centre—designed to serve the oil and gas industry stakeholders and the Nigerian public”, he said.
He pledged the NCDMB’S commitment to completing the hotel on schedule time and achieving the opening in December, 2026.
“We appreciate our responsibilities—construction quality, pre?opening readiness, funding, safety and security compliance, and maintaining Radisson’s global standard. We will do our best to meet our obligations”, Ogbe added.
The Board’s Scribe charged the  Hospitality firm to bring its expertise, systems, and brand strength to deliver a hotel that offers excellent service and guest experience, expressing hope that the partnership with Edison Hotels will create a facility that reflects global quality and supports Bayelsa’s position as an oil and gas hub.
“This project reflects NCDMB’S commitment to using strategic investments to boost productivity, attract investment, build local content, and expand opportunities for business and tourism in Nigeria when completed.
“Radisson Hotel and Conference Center Yenagoa will stand not only as a hotel, but also as a symbol of what strong partnerships can achieve”, Ogbe noted.
In his remarks, Executive Chairman of Edison Corporation, Vivian Reedy described the organisation’s  role as a bridge between the owner and the operator, highlighting the group’s intensive experience in the hotel industry, and determination to ensure alignment, transparency, accountability and performance.
“We understand that a successful hotel is not just about buildings. It is about disciplined management, strong oversight, brand integrity, and a shared commitment to excellence.
“Part of our firm’s responsibility is to ensure that the hotel is delivered, operated, and managed in a manner that protects and announces the owner’s investment, while fully supporting Radisson in achieving operational excellence”, he said.
The Edison boss assured that working closely with Radisson and NCDMB’s team, the Radisson Hotel and Conference Center, Yenagoa will become the leading hospitality and conference destination in Bayelsa State, saying it is catalyst for business and investment, and a symbol of quality professionalism and international standards.
He emphasized that the firm has had wonderful successes with Radisson in other locations, even achieving 95% occupancies, noting that the company’s approach is to strengthen governance, support performance, and ensure the interests of the owners are always safeguarded.
“This project represents more than a hotel. It represents a partnership, a trust, and a long-term vision for sustainable value creation. We thank Radisson for its global expertise and operational excellence.
“Edison is fully committed to ensuring that the asset performs strongly, operates efficiently, and delivers lasting value to its owner”, the firm said.
In his speech, the Attorney-General of the Federation Chief Lateef Fagbemi, SAN, representative by Mr. Wada Ahmed Wada described the signing ceremony as historic and wished the parties success in their business relationship.
By Ariwera Ibibo-Howells, Yenagoa
Continue Reading

Business

FG engages foreign investors at PEBEC Roundtable on business environment reforms

Published

on

Senior government officials and foreign investors operating in Nigeria met in Abuja on Thursday as the Presidential Enabling Business Environment Council (PEBEC) convened the Third Existing Foreign Direct Investors (FDI) Roundtable to address challenges affecting the country’s investment climate.
The high-level engagement, held at the Banquet Hall of the Presidential Villa, brought together top policymakers and representatives of foreign companies for discussions aimed at improving Nigeria’s business environment and strengthening investor confidence.
The roundtable forms part of PEBEC’s efforts to deepen collaboration between government institutions and the private sector while ensuring that ongoing reforms translate into tangible improvements for investors already operating in the country.
Opening the session, Senator Ibrahim Hadejia, Deputy Chief of Staff to the President, welcomed participants on behalf of the Vice President and Chairman of PEBEC, reiterating the Federal Government’s commitment to maintaining a stable and transparent business environment that supports investment and economic growth.
In her remarks, the Director-General of PEBEC, Princess Zahrah Mustapha Audu, said the council remains committed to sustained engagement with investors and coordinated implementation of reforms across government agencies.
She noted that existing foreign investors play a critical role in Nigeria’s economic development through job creation, capital investment, technology transfer, and supply chain development.
According to her, PEBEC’s engagement strategy prioritises listening to investors already operating in the country in order to identify and address operational challenges affecting their businesses.
The roundtable featured presentations and interactive discussions with senior government officials responsible for regulatory and policy frameworks affecting investors.
Among them were the Executive Chairman of the Nigeria Revenue Service, Dr. Zacch Adedeji; the Comptroller-General of the Nigeria Customs Service, Bashir Adewale Adeniyi; and the Inspector-General of Police, IGP Olutunji Rilwan Disu.
Also participating virtually was Mr. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms and Minister of State for Finance-designate, who spoke on ongoing fiscal and tax reform initiatives aimed at improving tax certainty and strengthening revenue administration.
During the discussions, investors raised technical questions and shared insights on issues relating to security, tax administration, customs procedures and fiscal policy reforms.
Continue Reading

Business

MAN warns against illegal recycling of File photo

Published

on

The Manufacturers Association of Nigeria has warned against the illegal destruction and recycling of returnable packaging materials belonging to beverage companies, following a recent police crackdown on illegal factories in Anambra State.
Earlier in February, the Nigeria Police Force, working with beverage manufacturers, reportedly raided several illegal facilities in Onitsha and surrounding areas, where individuals allegedly destroyed returnable glass bottles and plastic crates belonging to beverage companies.
In a statement on Friday, the Director-General of the Manufacturers Association of Nigeria, Segun Ajayi-Kadir, condemned the destruction of these packaging materials as unauthorised and economic sabotage against businesses, and hailed the efforts of the police and regulatory agencies.
“The recent raid is the outcome of sustained engagements and intelligence-led investigations and represents a decisive step by authorities to protect legitimate business operations, uphold environmental standards, and deter further illegal activity,” Ajayi-Kadir said.
The MAN DG described the practice “as criminal and a serious economic sabotage… as assets remain the property of beverage companies that have invested heavily in these sustainable packaging materials to protect the environment”.
According to a Vanguard News report, the Executive Secretary of the Beer Sectoral Group of the Manufacturers Association of Nigeria, Abiola Laseinde, commenting on the February crackdown on alleged factories in Anambra, stated that, “The recent raid is the outcome of sustained engagements and intelligence-led investigations… a decisive step by authorities to protect legitimate business operations, uphold environmental standards and deter further illegal activity.”
Ajayi-Kadir confirmed the earlier news reports, affirming that the police acted on credible intelligence to dismantle illegal operations involving the theft, destruction, and unauthorised recycling of companies’ returnable packaging materials.
He stated that the association received reports from member companies that some factories were destroying company-owned bottles and crates for resale as raw materials, resulting in businesses losing millions of naira in investments.
“The police, working with member companies, acted on credible intelligence and stormed the factories to crack down on illegal disposal, theft, and unauthorised recycling of the returnable packaging materials of the affected companies, notably returnable glass bottles and plastic crates,” Ajayi-Kadir said.
Ajayi-Kadir added that investigations revealed that large quantities of bottles and crates were diverted from legitimate channels into informal recycling networks across the South-East.
“Member companies identified multiple illegal locations in the South-East where they crush our bottles and crates for resale as raw materials, while police investigations showed that significant quantities were being diverted from legitimate channels into informal recycling networks,” MAN’s DG said.
He noted that in several cases, reusable bottles were deliberately broken and plastic crates shredded and sold as raw materials, thereby undermining beverage companies’ circular packaging model.
He remarked, “These Returnable Packaging Materials are company-owned assets designed for multiple reuse cycles and form a critical part of their sustainability, cost-efficiency, and product quality systems. It’s a criminal activity to destroy them.”
Meanwhile, Ajayi-Kadir warned those involved in the illegal practice to desist, stressing that the association would continue to collaborate with law enforcement agencies to ensure offenders face the full weight of the law.
He added that beyond the direct loss of assets, the activities disrupt supply chains, raise operational costs and pose environmental and safety risks due to unsafe recycling practices.
MAN urged relevant government agencies to intensify efforts against the illegal diversion and destruction of returnable packaging materials outside the beverage industry’s value chain.
MAN’s DG also called on members of the public to report suspicious activities to the police or to the consumer care lines of beverage companies.
Continue Reading

Trending