Business
UN Tasks Nigeria On War Against Graft
The United Nations Global Compact Office has asked the Federal Government to step up the fight against corruption in Nigeria to enhance development.
Ms. Jobi Makinwa, the UN Head of Anti-Corruption Initiative, made the call at a two-day workshop on Public Private Partnership against Corruption in Abuja, yesterday.
She said there was need to streamline the activities of companies doing business in the country as their attitude to business had promoted corruption in the country.
“The government of Nigeria needs to step up by ensuring that there is incentive for companies to abide by the laws. “One of the incentives is making sure that the laws and policies are put in place, not only that, but that they are fully enforced. “This will act as an incentive; the government itself must create a level playing field for other actors to be able to fight corruption in all its forms, ’’ she said.
Makinwa described corruption as a major challenge to the advancement of sustainable development worldwide.
She noted that for the fight against corruption to be effective, the private and public sectors must collaborate to ensure its elimination.
She said: “The business community at the international level is now required to step up more than ever before, in the elimination of corruption. “
She called for the enforcement of the anti-corruption law to tackle corruption in the country.
Also speaking, Mr Foluso Phillips, the Chairman of the Nigerian Economic Summit Group (NESG), said corruption was the major challenge for the Nigerian economy.
“There is no doubt that corruption has become a major issue in the lives of all of us here in this country; it has affected and it continues to affect so many aspects of our economy.’’
According to him, the level of corruption in the country has made it difficult to attract foreign direct investment flow.
He, therefore, charged the business community to take steps to address the vice as it undermined the interest of all Nigerians.
Phillips said that the magnitude of corruption was mind boggling, and that the culture of impunity was waxing strong.
He affirmed NESG’s belief in the deregulation of the downstream of oil and gas sector, saying the policy would help reduce corruption in the country.
The Chairman of the Economic and Financial Crime Commission (EFCC), Mr Ibrahim Lamorde, said the issue of fighting corruption topped the commission’s priority list.
The EFCC boss, who was represented by the Commandant of EFCC Academy, Mr Ayo Olowoniyi, lauded SIEMENS as one of the organisers of the event.
“In the recent past as you are all aware, the company had gone beyond the strict parameters of international business practice and strayed into the murky territory of unethical business practice and had gotten itself into a huge mess.’’
Lamorde described SIEMENS’ participation as a step in the right direction and commended the business community for recognising the need to partner with government to tackle corruption.
He gave the assurance that the commission would continue to fight corruption until it was wiped out, adding that the commission had begun the screening of its workers to ensure that they lived up to expectations and not to compromise on matters of ethical structure.
Business
PENGASSAN Tasks Multinationals On Workers’ Salary Increase
Business
SEC Unveils Digital Regulatory Hub To Boost Oversight Across Financial Markets
Business
NAFDAC Decries Circulation Of Prohibited Food Items In markets …….Orders Vendors’ Immediate Cessation Of Dealings With Products
Importers, market traders, and supermarket operators have therefore, been directed to immediately cease all dealings in these items and to notify their supply chain partners to halt transactions involving prohibited products.
The agency emphasized that failure to comply will attract strict enforcement measures, including seizure and destruction of goods, suspension or revocation of operational licences, and prosecution under relevant laws.
The statement said “The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing incidence of smuggling, sale, and distribution of regulated food products such as pasta, noodles, sugar, and tomato paste currently found in markets across the country.
“These products are expressly listed on the Federal Government’s Customs Prohibition List and are not permitted for importation”.
NAFDAC also called on other government bodies, including the Nigeria Customs Service, Nigeria Immigration Service(NIS) Standards Organisation of Nigeria (SON), Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigeria Shippers Council, and the Nigeria Agricultural Quarantine Service (NAQS), to collaborate in enforcing the ban on these unsafe products.
-
Politics5 days agoPDP Vows Legal Action Against Rivers Lawmakers Over Defection
-
Sports5 days agoNigeria, Egypt friendly Hold Dec 16
-
Politics5 days agoRIVERS PEOPLE REACT AS 17 PDP STATE LAWMAKERS MOVE TO APC
-
Sports5 days agoNSC hails S’Eagles Captain Troost-Ekong
-
Politics5 days agoWithdraw Ambassadorial List, It Lacks Federal Character, Ndume Tells Tinubu
-
Sports5 days agoFRSC Wins 2025 Ardova Handball Premier League
-
Oil & Energy5 days agoNCDMB Unveils $100m Equity Investment Scheme, Says Nigerian Content Hits 61% In 2025 ………As Board Plans Technology Challenge, Research and Development Fair In 2026
-
Sports5 days agoMakinde becomes Nigeria’s youngest Karate black belt
