Monday, April 7, 2014

#CODED-ish News::Why Death Sentence For Financial Crimes Has To Be Adopted – National Assembly Members

8:01 PM

The voices of those who support capital punishment for financial crimes sound louder in Nigeria. Last week some delegates of the ongoing National Confab have advocated death penalty for the public officials found guilty of corruption. And now, some members of the Senate and the House of Reps have supported the death sentence or, at least, stiffer punishment for financial crimes.
The supporters base their position on two points: 1) countries like China and Singapore, which adopted the law, have corruption rate reduced to the lowest level; 2) the existing law encourages corruption by sentencing corrupt public officials to, for example, six months imprisonment only, after they would have stolen billions of naira.
They said this should be stopped with stiffer penalties against acts of malfeasance.
The lawmakers announced their position at a two-day retreat of the Senate and House of Representatives Committees on Drugs, Narcotics and Financial Crimes with the theme "Tackling Corruption Through Credible Legislation". The event is held in Abuja, April 7-8, 2014.
The Chairman of the Senate Committee on Drugs, Narcotics and Financial Crimes, Victor Lar, said the lawmakers planned to review the principles and merits of the bills by examining international best practices as obtained in other countries and would look at the international experience:
"…China has adopted the death penalty and corruption has been knocked down to the barest minimum. So also has Singapore and other countries. So, I believe it is something worth considering".
The Chairman of the House of Representatives Committee on Drugs, Narcotics and Financial Crimes, Adam Jagaba, noted that the essence of law was to deter people from committing crimes and not to encourage them to be corrupt:
"Somebody who steals a goat gets three to six years jail term, but someone who steals billions gets six months' jail term and he uses his money to bring people to dance for him at his exit from prison. It is wrong".

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