SystemSpecs Blog
  • Categories
  • Main Website
Archives
  • March 2021
  • February 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • June 2020
  • May 2020
  • April 2020
Categories
  • Blog Posts
  • Events
  • Press Release
  • Specs Champion
Meta
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
  • Categories
  • Main Website
Followers
0 Followers
0 Followers
SystemSpecs Blog
SystemSpecs Blog
  • Categories
  • Main Website
  • Blog Posts

ICPC 20th anniversary celebration – Obaro charts path to curbing corruption

  • August 5, 2020
  • Admin

Recently, our Managing Director, John Obaro was a special guest at the 20th anniversary celebration of the Independent Corrupt Practices and other related offences Commission (ICPC) where he shared thoughts during the 2-day Africa Regional Webinar on Combating Corruption and Illicit Financial Flows hosted by the anti-graft agency.

At the event whose keynote address was delivered by the vice president, Prof. Yemi Osinbajo, Obaro enjoined government, regulators as well as other players in the private and public sectors of the Nigerian economy to leverage technology to tackle the menace of corruption and illicit flow of funds.

While congratulating the ICPC on its efforts in the twenty years of its existence, he also encouraged the commission to work with partner agencies and organisations to ensure that the wheel of corruption grounds to a halt in Nigeria.

Obaro emphasised the damage corruption is inflicting on Nigeria. He said there is a need to put in place a system driven by technology to reduce human intervention, eradicate the use of discretion in financial matters, encourage the adoption of an end-to-end digital system, fully embrace a cashless economy and minimise the time to justice.

“It is indisputable that as a nation we must now, more than ever, know everyone and update their data as they progress through life. It is, therefore, time we took a critical look at our identity management system and converge all data that exist in various silos, for national good.”

He also stressed the need to deploy and enforce clear budgeting processes and ensure procurement systems are automated. Obaro noted that the execution of smart contracts and clear tax laws can go a long way in minimising the use of discretion, especially in the management of public funds.

In his keynote address, Vice President Osinbajo said: “Our experience in Nigeria like other developing countries is that anonymous corporate ownership covers a multitude of sins including conflict of interests, corruption, tax evasion, money laundering, and even terrorism financing.”

On the need to protect those that fight corruption, he said, “we must protect, even more, whistle-blowers – persons who come forward with information against corruption.”

Obaro encouraged the Nigerian government to work towards a system that digitises processes across various facets of life including our electoral system. “At the earlier stage of TSA implementation, people presented receipts they had used before – a practice from the pre-TSA era. However, as a result of the checks put in place through technology, that old practice that let people defraud the system was put to an end.”

Obaro also said the country could take advantage of this current period to encourage individual and corporate citizens to minimise the use of cash and instead adopt the digital channels.

“It is time to truly go digital. We need to adopt a workable system whereby e-payment would be the major avenue for transactions, promote financial inclusion and encourage a credit culture in which people would not need to amass resources before they can acquire the essential needs of life like housing and shelter,” he added.

Tosin Areo
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Related Topics
  • ICPC
  • SystemSpecs
Admin

Previous Article
  • Blog Posts

COVID-19 & Remote Work: My Experience

  • August 3, 2020
  • BlogAdmin
View Post
Next Article
  • Blog Posts

#SpecsChampions August Focus – Mustapha Galadima

  • August 7, 2020
  • Admin
View Post
You May Also Like
View Post
  • Blog Posts
  • Press Release

Atanda charges Nigerian youths on capacity building, sustainability for economic growth

  • Admin
  • February 24, 2021
View Post
  • Blog Posts

SystemSpecs Becomes One of Africa’s Largest Technology Firm

  • Admin
  • February 4, 2021
View Post
  • Blog Posts
  • Press Release

SystemSpecs is Payment Technology Company of the Year

  • Admin
  • December 16, 2020
View Post
  • Blog Posts
  • Specs Champion

The Go-Getter! – Douglas

  • Admin
  • November 27, 2020
View Post
  • Blog Posts
  • Press Release

SMEs must leverage technology for growth in new normal – Obaro

  • Admin
  • November 10, 2020
View Post
  • Blog Posts
  • Specs Champion

The Yuppie Professional – Fola ‘Foli J’ Oladipupo

  • Admin
  • October 28, 2020
View Post
  • Blog Posts

‘I am now a Better Person’ – My Working from Home Experience by Bukola Adeboye

  • Admin
  • September 14, 2020
View Post
  • Blog Posts

Brokering Government Deals – Iliya Musa

  • Admin
  • September 2, 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts
  • Atanda, Danbatta, others to headline 2021 Bullion Lecture
  • Atanda charges Nigerian youths on capacity building, sustainability for economic growth
  • SystemSpecs Becomes One of Africa’s Largest Technology Firm
  • SystemSpecs is Payment Technology Company of the Year
  • The Go-Getter! – Douglas
Recent Comments
  • Debbie on ‘I am now a Better Person’ – My Working from Home Experience by Bukola Adeboye
Featured Posts
  • 1
    Atanda, Danbatta, others to headline 2021 Bullion Lecture
    • March 4, 2021
  • Atanda charges Nigerian youths on capacity building, sustainability for economic growth
    • February 24, 2021
  • 3
    SystemSpecs Becomes One of Africa’s Largest Technology Firm
    • February 4, 2021
  • 4
    SystemSpecs is Payment Technology Company of the Year
    • December 16, 2020
  • 5
    The Go-Getter! – Douglas
    • November 27, 2020
Recent Posts
  • Obaro, others lend voice to data security
    • November 23, 2020
  • SMEs must leverage technology for growth in new normal – Obaro
    • November 10, 2020
  • The Yuppie Professional – Fola ‘Foli J’ Oladipupo
    • October 28, 2020
Categories
  • Blog Posts (11)
  • Events (2)
  • Press Release (10)
  • Specs Champion (2)
Subscribe to our Newsletter
loader

SystemSpecs Blog
  • Categories
  • Main Website

Input your search keywords and press Enter.