" ITREALMS: Corruption impacts peace, security says ICPC chairman

Thursday, October 21, 2021

Corruption impacts peace, security says ICPC chairman

ITREALMS ... making leadership SENSE with digital news!

The Chairman, Independent Corrupt Practices and Other Related Offences Commission (ICPC) Professor Bolaji Owasanoye, SAN, has declared that “Corruption impacts development, peace and security” of a nation in multiple ways, reports ITREALMS.
Prof. Owasanoye of ICPC
Owasanoye made this remark recently in Abuja while speaking as the Guest Lecturer to Course 30 Participants of National Defence College (NDC) Nigeria, on the topic: Whole of Society Approach in the Fight Against Corruption and Human Security in Nigeria.
A press statement by the spokesperson, ICPC, Mrs. Azuka Ogugua, and available to ITREALMS quoted the chairman as saying that corruption weakens the state and eroded its capacity to provide the requisite training and equipment for security and paramilitary agencies such as the police, military, immigration, customs civil defense and neighbourhood watches.

"Bad governance, corruption and the collapse of the rule of law lead to insecurity," he said.

Speaking on how pervasive corruption in defense spending can impact a county’s peace and security, the ICPC boss warned of how a single transaction of diversion of huge sums could have immediate impact that may become irreversible or more difficulty and costly to reverse, while petty diversion of budget or misallocation of resources may not immediately make impact but will inevitably impact medium to long term.

He equally explained that corruption and failure to uphold the rule of law also led to monumental economic losses and threatened development and human security.

“Direct looting of treasury, Illicit Financial Flows, tax evasion, misapplication of funds, budget padding, ghost workers, deliberate elephant projects, project abandonment, contracts and procurement abuse have huge implications on development and human security,” he reiterated.

The Chairman additionally said that just as corruption and weak governance structures were mutually reinforcing, development, peace and security were also mutually reinforcing, saying “Without development there can be no peace or security and without peace and security human development is a mirage.”
He then advocated for strong systems and the deployment of technology as a recipe for fighting corruption effectively.

In his remark after the lecture, NDC Commandant, Rear Admiral O.B. Daji, also lent his voice to the fact that corruption was an existential threat to national security because of its ability to undermine the institutions of the state and erode public trust.

The Commandant, therefore, reminded the Course 30 Participants that as strategic leaders, corruption and insecurity should be of concern to them otherwise they would continue to live with the consequences.

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