Images credited to Forbes
When
Isaac Newton, the powerful scientist who enunciated the Newton’s Laws of motion
lost his fortune in the South Sea Bubble Company of 1720 due to corruption. He
said and I quote “I can
calculate the motions of heavenly bodies but not the madness of men”. Today in
my people there is madness, everyone is thinking of getting rich quick. (
Kiyosaki 1990:70)
And
according to Ojo (2009:11) in an article captioned, “Reps set to pass cyber
crime bill, he stated that corruption has grown so wide to include advance fee
fraud, password sniffing, hacking, web cramming, credit card fraud, identity
theft , data kidnapping, software piracy, cyber squatting, unlawful
interceptions etc”
The
preamble to the 2003 United Nations against corruption (UNCAC), which Nigeria
has ratified states that corruption “is no longer a local matter but a
transnational phenomenon that affects all societies and economies. The African
convention on preventing and combating corruption which Nigeria has ratified
acknowledged the need for international co-operation to combat corruption and
note the corrosive effect on individual and society” Falana 2008:120.
The
world is a global village ,what affects economy in our society will definitely
affect other economies and countries.
Continuing
Falana stated that the ground corruption exacerbates scarcity of fund in
Nigeria, frustrating any interest in enriching quality and life, Nigerian
leaders must accept responsibility for the continued poverty in the country, he
noted that ground and blatant corruption degrades life, he went further to say
that in 2006 the Commonwealth working group on assets repatriation specifically
refers to corruption being defined as an
international crime and suggest that
jurisdiction of the international court be extended beyond the prosecution of
crimes against humanity as defined in
Article 7 of the Roman Statutes. Falana further
stated that the early draft of the statute did in fact include reference to crimes other than crime against
humanity such as Terrorism and Drug Trafficking.
Corruption
has reached an alarming rate globally, and do we continue to fold our hands and
watch corruption kill our great economy, the answer is an emphatic No. It could be observed that most people who
involved in corruption often end in poverty so also for a country. And as Prof
Pat Utomi 2008 in “The Limit of lets share Economy, he stated that like people
who won lottery, they often return to poverty.
Culled from reginaldodunze.blogspot.com
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