Why the EFCC is Stage-Managing Cash Seizures

Where is the Government of Nigeria (GON) or the Economic and Financial Crimes Commission (EFCC) winning their war against corruption? Nowhere. No vigorous prosecutions, no convictions, no legislative reforms, no judicial reforms, no constitutional reforms, nothing. All the citizens of Nigeria see are publicity stunts and government-engineered scandals. Is there anything else substantial to show anywhere? The incentive now is, after all its tough talk, the GON must save face as Nigeria, and the rest of the world watches her anti-corruption activities. Recent developments are now verifying the stage-managing of the cash seizures; the money is going back to where it came from directly – the Central Bank of Nigeria. (see http://wp.me/p1bOKH-KW) (more…)

Continue ReadingWhy the EFCC is Stage-Managing Cash Seizures

Is the Government of Nigeria Stage-Managing Cash Seizures?

The current sensation in Nigeria is the mysterious discoveries and seizures of large sums of money (mostly foreign currency) found at lying fallow at premium addresses. The cash discoveries are claimed to be the work of selfless “whistleblowers” at the encouragement of the Economic and Financial Crimes Commission (EFCC). And it is expected to show the world that the Government of Nigeria (GON) is winning on its anti-corruption campaign promises. Some highly experienced experts in the anti-corruption and crime industry find the discoveries very unlikely and too good to be true. The fantastic cash discoveries made by the EFCC credibly appear to be merely clever stage-managed acts of publicity.

(more…)

Continue ReadingIs the Government of Nigeria Stage-Managing Cash Seizures?

Anti-Corruption in Nigeria Is Insulting To Citizens

Anti-corruption from any technical or non-technical perspective is invariably about preventing, detecting and prosecuting corruption. The proceeds of corruption is another. The Buhari Administration has an innovative and creative approach to anti-corruption which has nothing to do with prevention, detection and prosecution whatsoever; it has all to do with refunding or recovery of monies stolen from thieving politicians by way of bargaining. The monies earmarked for refund and recovery so far is incredibly far less than 1% of the total monies that are recoverable. So, in the scheme of things what signal does “recovery as anti-corruption” send to politicians and public servants? (more…)

Continue ReadingAnti-Corruption in Nigeria Is Insulting To Citizens

Nigeria is Fighting Corruption Unthinkingly

The Government of Nigeria’s (GON) decision to somewhat expediently ‘fight corruption by scandal’ is by far the most inappropriate way to do so and shall end in abject failure. Unsurprisingly, the Big Thieves in Nigeria are the top beneficiaries of ‘anti-corruption by scandal-making’ adopted by the GON. The current $2.1 billion “Sambo Scandal” and others simply have the contrary effect of legitimising the ‘money sharing antics’ of the named culprits, arming their lawyers with legal “technicalities” and frustrating Nigerians with leaked allegations in the absence of formal prosecutions and convictions. (more…)

Continue ReadingNigeria is Fighting Corruption Unthinkingly