The presidential candidate of the Peoples Democratic Party (PDP),Atiku Abubakar reacted to the directive by President Muhammadu Buhari to the Honourable Attorney General of the Federation and Minister of Justice to seek law enforcement agencies to place travelling restrictions on those whose names are included in the schedule to Executive Order No.6, 2018.
I really found the reaction of Atiku Abubakar curious and surprising. How can a foreign travel embargo placed on 50 persons who are standing trial for the past three years or more constitute a disincentive to foreign investment? Investment thrives where corruption is reduced.
Is Atiku Abubakar, not aware of the incontrovertible and notorious fact that corruption itself is constraint and impediment on economic growth and development?
Is Atiku Abubakar, not aware that corruption poses serious threat to the stability, security of societies, undermines the institution and values of democracy, ethical values; justice and jeopardises sustainable development and the rule of law?
Is Atiku Abubakar, not aware that in 2003, the United Nations General Assembly in acknowledgment and recognition of the debilitating and corrosive effect of corruption on human civilisation criminalised corruption, and therefore passed the United Nations Convention?
It is therefore amazing that Atiku Abubakar, is romanticising corruption under any guise when it has been responsible for the gross under development of Nigeria.
Research and studies have conclusively proven and shown that corruption is a major disincentive to direct foreign inflow to any country. How has embracing corruption helped Nigeria in its decades of existence?
The current romanticizing of corruption to the point where an executive order focusing on cases in court is interpreted as discouraging foreign investment is indeed a laughable reach. Executive orders are disparaged yet anti-corruption bills stagnate at the legislature with little or no commentary as to how this affects the country.