Vanguard (Lagos)

Nigeria: Institute Decries Large Scale Corruption in Nigeria

The President of the Institute of Chartered Secretaries and Administrators of Nigerian (ICSAN), Mr. Olatunde Busari, has decried large scale corruption in the country.

Busari, who made the remark at the dinner as part of the Annual Conference of the Institute in Abuja, described corruption as a hydra-headed monster, which kept rearing its head in all the organs and agencies of government.

"The malaise further ridicules the system to the extent that even when culprits are apprehended, it does not appear that we have effective machinery for thorough investigation, prosecution and sentence according to the law", he said.

The ICSAN boss said there were various examples of private and public officers that engaged in corrupt practices and were today walking the streets as free men.

According to him, this gives an impression that corruption is rewarding in the country.

Busari said that to create the desired environment for investment, the government must develop effective legal regime and structures strong enough to apprehend, investigate and prosecute corrupt officers in Nigeria.

On energy, he advised the Federal Government to set necessary machinery in motion to ensure transparency and efficiency in the on-going reform in the power sector.

The ICSAN boss said the absence of infrastructure in any economy was inimical to business investment and sustenance.

The theme of this year's Conference was "Investing and Sustaining Businesses in Nigeria: Issues in Governance".

Ads by Google

Copyright © 2012 Vanguard. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.