Browsing by Author "OLUJOBI, Oluwatosin Michael"
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Item COMPARATIVE APPRAISAL OF ANTICORRUPTION LAWS: LESSONS NIGERIA CAN LEARN FROM NORWAY, UNITED KINGDOM AND UNITED STATES’ ANTI-CORRUPTION STRATEGIES(International Journal of Management (IJM, 2020-07) OLUJOBI, Olusola Joshua; OLUJOBI, Oluwatosin MichaelThe study undertakes comparative legal and policy analyses of corruption in the upstream petroleum sectors of Nigeria, Norway, the United States, and the United Kingdom. These countries were selected as case studies because they are rich in petroleum resources with favourable Transparency International annual rankings and due to their status as relatively advanced petroleum jurisdictions with stringent anticorruption laws. The study is a doctrinal legal research that adopts a point-by-point comparative approach with library research method. The study reveals that corruption thrives on the weak enforcement of anti-corruption laws and lack of political will in providing effective regulatory intervention. In conclusion, the study finds that anti-corruption agencies in the selected countries are more effective because of their governments’ political will to combat corruption, as well as adequate or sufficient budgets and the strict enforcement of their laws in contrast to Nigeria. It recommends among other reforms, soft law approach and strict enforcement of anticorruption laws for transparency in the upstream petroleum sector of Nigeria.Item A CRITICAL APPRAISAL OF LEGAL FRAMEWORK ON DEREGULATION OF THE DOWNSTREAM SECTOR OF THE NIGERIAN PETROLEUM INDUSTRY(International Journal of Management (IJM), 2020-06) OLUJOBI, Olusola Joshua; OLUJOBI, Oluwatosin Michael; UFUA, Daniel E.The study seeks to explore the need for total deregulation of the downstream sector of the Nigerian petroleum industry to address inefficiencies in the sector to promote adequate supply of petroleum products through regulatory reforms and by making reference to the experiences of other relatively advanced jurisdictions to strengthen Nigeria’s downstream petroleum sector’s laws. The work adopts a conceptual approach relying on extant literature with the application of the doctrinal legal research method. The study also makes use of primary and secondary sources of laws such as statutory and judicial authorities. The key finding is the overbearing presence of the Federal Government in the sector and inappropriate pricing of petroleum products which have made the sector unattractive to private investors due to excessive regulation of the sector. The research proposed a model to end incessant hike in the price of fuel. The research ends with suggestions based on the findings the need for sophisticated mixture of regulations and non-regulatory incentives for investments in the sector and advocates speedy passage of the Petroleum Industry Governance Bill to encourage private investors and to eliminate subsidy regime being a source of corruption in the sector.