An initiative worth supporting:
Our primary goal is to privatise the anti-corruption machinery in Nigeria by supporting the ‘Bribe Code’, The Corporate Corruption Act, which is a proposed law that will help corporates to self-regulate on issues of corruption with the judicious use of the liquidation penalty for corporate offences above a threshold sum (hence #BribandDie).
Bribecode’s Goal is to end the widespread corruption that keeps Nigeria from reaching her full potential. Grand Corruption in government means that contracts are awarded to companies on the basis of their deals with corrupt officials and politicians, rather than the national interest. This means that
- the contracts cost us more
- the winning contractors are not necessarily the best
- the resulting services, roads, bridges etc, are low quality
- thousands of partly and fully paid projects are abandoned
- the wrong people (who are only interested in kickbacks) are attracted into politics and public office
- the right people (interested in service, in history) will either never be attracted into politics, or be destroyed by the deals they have to make to get there.
Our solution is to start at the source of the problem: the contract between the government and the companies. When the Bribecode comes into force, whistleblowers who bring information on corruption are not only protected, they are rewarded substantially. And if a company is convicted of serious corruption, it faces the penalty of liquidation, with no fine option, and with 1% of its assets going to reward the whistleblower/s.