Vice-President Yemi Osinbajo says people would soon get discouraged to stand up against corruption as he predicts that the fight against it is expected to get tougher on a daily basis.
Speaking at the 20th-anniversary regional webinar organised by the Independent Corrupt Practices and other Offences Commission, he added that it is, however, the duty of both individuals and institutions to ensure that fight against corruption is prioritised.
His Senior Special Assistant on Media and Publicity, Laolu Akande, made copies of his remarks available to journalists on Tuesday.
The Vice-President said, “The fight against corruption is nuanced and hydra-headed, it is not going to get easier by the day; as a matter of fact, it will get more difficult by the day and many will become discouraged in standing up against corruption.
“But it is our duty both as individuals and institutions, especially in developing countries where corruption has such a devastating effect, to ensure that we prioritise the fight against corruption and continually devise new ways and new approaches even as the hydra-headed problem itself continues to manifest in different ways.”
Osinbajo added, “Although anonymous companies are not always illegal, nevertheless secrecy provides a convenient cover for criminality and corruption.
“Our experience in Nigeria, as in other developing countries, is that anonymous corporate ownership covers a multitude of sins, including conflict of interests, corruption, tax evasion, money laundering, and even terrorism financing.”
He added, “We must make corruption expensive for those who engage in it and send the unequivocal message that corruption simply does not pay.
“It is the unenviable but noble task of the ICPC and other anti-corruption agencies to make corruption unattractive to its disciples and facilitate new approaches to stemming IFFS and promoting asset recovery and return.”