UPSTREAM PETROLEUM SECTOR CORRUPTION: IS THERE ANY NEED FOR REASSESSMENT AND ENHANCEMENT OF NIGERIA'S ANTI-CORRUPTION LAWS?
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Date
2020
Authors
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Journal ISSN
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Publisher
UNIMAID Journal of Private and Property Law
Abstract
Corruption is a spasmodic menace in Nigeria’s upstream petroleum sector. This study
investigates why anti-corruption statutes are not efficient in Nigeria’s upstream
petroleum industry. Rent-seeking, public choice and extractive theories of corruption are
appraised owing to their influences in fighting corruption. The study is a doctrinal legal
research that embraces a point-by-point comparative methodology with library research
technique. The research reveals that corruption strives on feeble implementation of anticorruption
legal regime and absence of political will in offering efficient regulatory
intervention. Finally, the study finds that anti-corruption organisations in Nigeria are not
efficient due to non-existence of the Federal Government’s political will to fight
corruption, insufficient funds and absence of stringent implementation of anti-corruption
legal regime in the country. The study recommends among other reforms, soft law
technique and stringent execution of anti-corruption statutes. The study recommends
increment in financial appropriation to Nigeria’s anti-corruption institutions taking into
consideration the finding that meagre budget is a drawback
Description
Staff Publication
Keywords
Upstream Petroleum Industry,, Transparency,, Corruption,, Soft Law Approach