Corruption have contributed in limiting nigerian development, but the way is been fought by this administration is doing more harm than good. fighting corruption by freezing people money in the bank without first investigatin to know how they get the money, but freezing the money before investigating or interogating the owner on how he get the money, is harming the financial sectors and discouraging nigerians from depositing their money in the bank.why purnishing a whole bank and their share holders just because somebody deposited stolen or suspected stolen funds? the manager or the banker that did such illegal transaction should be the person to be purnish, not the bank, even if its the CEO of the financial institution.
Why sealing the property of corrupt suspect, when you have properties deficit? why not wait until he or she was proving guilty before you seize, sell, rent or convert the property to government institution or residence for government official.
My sugestion to this government after their swearing in, is to first reform the judiciary, because without reforming the judiciary, they would waste their valuable time chasing shadows, becouse we have so many corruption case that have not been completed for morethan ten years and still counting. without reforming the judiciary, they might complete their tenure with little to show on conviction and recovery of stolen fund, which is what is currently happening, because the executive have been froustrated by the judiciary, which lead them to unconstitutional manner of arresting judges.
My second suggestion is for the government to concentrate on the moneys that was taking outside the country, not the money that was invested into the economy, because going after moneys that was invested into the nigerian economy would surely affect the economy as its currently happening. depositing corrupt money in nigerian banks help in developing the financial sector, investing corrupt money in Hotels and recreation centres help in developing the tourism sector, investing corrupt money in real estate help in developing the property, construction sectors and reduce housing deficit, investing corrupt money in agriculture help in developing the agricultural sector, etc.
Unfortunately for nigerians, the government have decided to go after suspected corrupt money that was invested into nigerian economy, instead of forcussing on how to recover billions of dollars that was invested into foreign financial institutions and properties, thereby destroying our economy in the name of fighting corruption and allowing much of the illicit fund in foreign institution. that explain why the government was not able to recover much money as expected.
I think this corruption war that is not been prosecuted with wisdom, is doing more harm to Nigerian economy than the crash of crude oil in the international market. if we can not eradicate corruption, i think we can begin to encourage our corrupt official to at least invest the money into Nigerian economy than taking it outside Nigeria. is not that Nigeria is more corrupt than Indonesia, but the fact is that our officials invest much of the corrupt money outside the country than any other country with potentials like ours.
GOD BLESS NIGERIA.
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