SOLUTION TO CORRUPTION IN NIGERIA

SOLUTION TO CORRUPTION IN NIGERIA

CORRUPTION / CORRUPT PRACTICES.

We should be sincere in this fight against corruption. We need to collectively fight this war.

I’m recommending we take away all high denominations of our currency – such that the highest note becomes N100. (i.e no more N1000, N500 & N200)

This will drastically eliminate corruption & corrupt practices.

See the case of India. It helped them curtail corruption, eliminate counterfeit money and make people to pay taxes

The following will happen if this is done, (a) All stolen money’s hidden in dark places will be sent to the Banks before the deadlines or becomes forfeited. Surely you know the implication. (b) Ghana must go will be eliminated, no more kick backs since everything will be via bank transfers and visible as well as traceable. (c) The Cashless / Electronic payments will become more effective. (d) Even the Armed robbers won’t have much to steal again.

One will ask; are we as a country matured enough for this? My answer is Yes. Although there are sacrifices to be paid. Which is why I said we need to collectively fight this War. If India can do it, YES WE CAN.

Compiled by Ohams Innocent

February 28, 2018

Updates

Ohasiegbulem Innocent started this solution
10 months ago

74 Comments

David Abiodun
David Abiodun

There is a clear generation shift long overdue in Nigeria polity and for a obvious reasons it can no longer delay ....

David Abiodun
David Abiodun

The idea to keep the Nigerian currency at a maximum of 100 Naira looks strategic to economic stability as long as the consumer market prices are most comfortable for Nigerians therefore I think this efforts could be effective after much urgent development solutions are implemented. Corruption is highly overrated in Nigeria and Nigerians are falling for that hype. What should be paramount and most hyped in Nigeria is Economic stability. You see, corruption is rooted in greed and greed is just one of those byproducts of poverty. Develop and secure the Nigerian economic systems. Improve the standard of living of Nigerians. As poverty disappears, so will all its byproducts. Its that simple! IF YOU REALLY WANT TO DESTROY A FORTRESS, AIM AT ITS SOURCE.

Nnaemeka
Nnaemeka

The demonetization policy of India was not much of a success. This is as the informal sector was crippled, it was also found out that money launderers also store their loot in other forms such as real estate and many of them have already legitimized their loot, and also equally hard to fight the industry that made money laundering thrive. As someone who works in the bank, this policy would be a faliure sure to the current lack of infastructure to support it.

Also this is not much different from the demonetization policy that changed our currency from the Nigerian pounds to Naira which from today's outlook wasn't a success

Uchenna Anyakora
Uchenna Anyakora

This is the right thing to do.

Ugoo ogbu
Ugoo ogbu

This policy have always been on my mind..
I clearly don't see the reason why we should have a currency note that is up to 1000N, it is completely thoughtless and purposely institutionalized for corruption purposes.

I haven't been following your campaign promises, I just happened to be here and I am happy I mistakenly saw this platform, it is very thoughtful of you.

Chibueze Opata
Chibueze Opata

This is a good solution

Ikeme Emmanuel
Ikeme Emmanuel

I am signing because it will reduce the rate of kidnapping in the country and beside if money can b circulating from both the rich to the poor and from the poor to the reach,no man will b thinking or planning evil amidst his people and those from afar.

Kpokponki Boi
Kpokponki Boi

Years am Kpokponki Boi by name am a good singer lurking for de helper na Kpokponki Kpokponki 09063272957

OLORUNTOBA Timothy Agunsoye
OLORUNTOBA Timothy Agunsoye

I believe it's the way out

Paul Momoh
Paul Momoh

We get serious about fighting corruption when we have strong DETERRANTS and people know there is a serious CONSEQUENCE. The justice system as we know it has inherent loopholes. These are often exploited by the rich and their high profile lawyers. It's so pathetic that trials of the corrupt continue for 10 years. As the saying goes, justice delayed is justice denied. Buhari (to his credit) initiated some slight changes to the law recently that resulted in speeding up the trial and conviction of two past Governors. At least, that is one good thing done. More of plugging such loopholes will establish clear consequences, including a death penalty for the first 2-3 years of the renewed war on corruption. Only this ultimate solution will send a strong message and act as a sufficient deterrent. Nothing less will do, for a country where corruption is deeply embedded in the psyche of most average Nigerians and which itself originates from a culture of "sharing". To root it out with such a speedy effect and for the change to be noticed with impact (Nigerians are very impatient with change, by the way), only a strong deterrent like the death penalty will suffice.

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