Looting is major cause of insecurity, says the Foundation

Looting is major cause of insecurity, says the Foundation

Dr. Osaren Emokpae, the chairman of the Wilson Badejo Foundation, claimed on Wednesday that Nigeria's security problems are caused by the theft of public funds. Speaking to reporters at a news conference for the foundation's 15th annual lecture, Emokpae made the claim in Lagos. The lecture is set to take place at the Nigeria Institute of International Affairs in Victoria Island, Lagos, on Wednesday, August 10, 2022.


Emokpae predicted that the talk would center on the nation's poverty and insecurity. He claimed that among the problems facing the nation were those based on the misery index of Nigeria in comparison to other African nations, theft of public funds, Nigeria's corruption index in comparison to other nations, and Nigeria's life expectancy in comparison to Egypt and South Africa, among other factors.


"Looting of the nation's riches has produced extreme insecurity today and everyone is feeling the harmful effect of it," Emokpae remarked in reference to the theft of public cash.


Since Nigeria gained independence, the issue of theft, fraud, and general corruption has pervaded its sociopolitical and economic landscape. "At the start of the Fourth Republic in 1999, the Nigerian government established two anti-graft bodies, the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission, declaring a zero tolerance policy for the looting carnival of her national treasury.


Despite this, widespread theft of the state's assets has persisted unabatedly, especially among politicians and other public servants. In response to a question about the country's current level of insecurity, Emokpae said that the problems were multifaceted and included "Boko Haram Islamic extremism; militancy in the Niger-Delta; persistent kidnappings; Fulani Herdsmen crisis; Banditry and unknown gunmen crises in the South-east; ritual killings, and armed robbery.


" The World Bank predicted that the number of impoverished Nigerians will reach 95.1 million by the end of 2022 in its poverty assessment study titled, "A Better Future for All Nigerians: 2022 Nigeria Poverty Assessment," according to the chairman.


Fri, Aug 2022     5

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