By Agency Reporter

Tuesday, 19 Oct 2010

 

The Chartered Institute of Bankers of Nigeria has commended the effort of the Independent Corrupt Practices and other related offences Commission for its activities targeted at curbing corruption in the country.

The institute made the commendation during its 2010 annual lecture tagged, ”Reinvigorating Nigeria‘s Value System for Enhanced Socio-economic Development.”

The guest speaker of the event and Chairman, ICPC, Justice Emmanuel Ayoola, said Nigeria lacked the will for socio-economic development, adding that some potential investors were still doubtful of the country‘s value system.

He said, ”The ICPC realised that the root of corruption in the country was a culture of lack of integrity. We continue to experience a marked and progressive decline in public and private sector ethics. No one can reasonably deny that even if the value system has not collapsed, it needs serious and urgent need for re-invigoration.”

According to Ayoola, the major obstacle to ICPC effectiveness in stemming corruption in the nation is the limitation in the available manpower for the job.

Source: Punch