Former President Olusegun Obasanjo has said the Federal Government-led anti-corruption war was yet to prosecute high-profile cases involving ‘Politically-Exposed Persons’.
Obasanjo stated this at a lecture titled, “Leadership, Governance, and the Challenges of Development in Nigeria: The Way forward.”
He said, “Nigeria’s poverty, insecurity, lack of unity and cohesion, youth restiveness and seeming directionless are conscious and unconscious choices made by Nigerian leaders. The impact of corruption on the Nigerian society and economy has been devastating. It continues to affect the government’s ability to provide basic services and has negatively impacted on the wellbeing of the population.
“The lack of successful prosecution of high-profile corruption cases involving some Politically-Exposed Persons is giving a serious cause for concern both for Nigerians and the international community. We must take away the proceeds of illicit enrichment and remove negative role models in our society.
“We must invest in areas that can improve human security including food, education, and health. Our budget must reflect a genuine commitment for the development of infrastructure such as roads, rails, power, ports and housing.
When we spend 70 to 80 per cent of our revenue on recurrent expenditure, we have very little left for capital and infrastructural development. We should move to 50 per cent of our revenue being spent on capital development”.