Group advocates stiffer penalties for money laundering

Posted by Osteen Oyibode, Asaba | 16 June 2015 | 3,313 times

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A pressure group, Prince Morka Vanguard for Okowa, yesterday said that to preserve the image of Nigeria and give the nation its place in the comity of nations, the National Assembly should place stiffer penalties on culprits of money laundering and other obnoxious acts which are capable of denting the corporate image of Nigeria.

The group led by Prince James Morka in Delta, condemned the flagrant abuse of office by high placed Nigerians who squander the wealth of Nigeria and transfer same to enrich and develop foreign countries at the detriment of the economy of Nigeria.

Prince Morka was speaking to journalists in Asaba in reaction to various cases hanging on the head of many ex-governors who are currently being held hostage by the Economic and Financial Crimes Commission (EFCC) in Abuja and Lagos.

Morka said the poor legal system in Nigeria was aiding the corruption being perpetuated in the country, hence he said if stringent laws were enacted by the National Assembly against culprits of social deviants and money laundering, the tendency to indulge in the act would be minimal among Nigerians in high offices.

He called on President Muhammadu Buhari to examine critically the caliber of Nigerians he intended to use to pilot the affairs of the nation in his cabinet so as not to recruit Nigerians with questionable character, who would, rather than assist in curbing the mess in the economy, plunge the country into more economic mess.

He said the change agenda of President Buhari would be thwarted if he yields to pressures from groups who want to get positions but lack the qualifications to fit into those offices.

•Photo shows EFCC Chairman Ibrahim Larmode.


Source: News Express

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