Anti-Corruption: The Bribecode Option

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Sunday, July 12, 2015 12.36 PM / News

“We shall battle a form of evil that is even worse than terrorism - the evil of corruption. Corruption distorts the economy and worsens income inequality. It creates a class of unjustly enriched people. Such an illegal yet powerful force soon comes to undermine democracy because its conspirators have amassed so much money that they believe they can buy government. We shall end this threat.” – President Mohammadu Buhari

Corruption has become the existential challenge facing Nigeria. This evil manifests as terrorism in the North, insurgency in the south, and poverty everywhere else.

Development Discourse, a public policy initiative of Nextier Advisory, would be honoured to have you participate in developing pragmatic ideas for ending this evil.

Date: Saturday, July 18, 2015

Time: 4:00pm to 7:00pm

Place: Thought Pyramid Art Centre, 18 Libreville Crescent, off Aminu Kano Street, Wuse 2, Abuja

Chuma Nwokolo (lawyer, rights activist, writer, and Initiator of "The Bribecode") will lead a discussion on anti-corruption ideas based on the proposed Corporate Corruption Act (or “The Bribecode”). The Act focuses on the role of the private sector in enabling corruption.

The Bribecode solves the problem of weak enforcement of anti-corruption laws by creating a system that is largely self-regulating, solves the problem of sabotage by corrupt heads of agencies, and solves the problem of a compromised public sector. Click on the link to download a Policy Brief on “Ending Corruption with the Corporate Corruption Act”.

The document contains a draft of the Bill for the Corporate Corruption Act.
Nextier limited

Some of the questions to be considered during the session will include:

•             What are the challenges with fighting corruption in Nigeria?

•             What is Bribecode? How does it work? Will it work?

•             What is the optimal roadmap for ending corruption in Nigeria?

•             Should private sector companies found to be involved in corruption lose all their assets and those of their Directors?

•             Should government introduce capital punishment as penalty for corruption?

•             Will a frontal attack on corruption in the terms of Bribecode ramp up Nigeria's economy or crash it?

•             What anti-corruption goals must the government achieve in 365 days?

Please join us in this discussion, as ideas raised at this session will be articulated in a document that will be shared with the new government as they think through their anti-corruption strategy.

Patrick O. Okigbo III
Coordinator, developmentdiscourse
Principal Partner, Nextier

 

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