Akin Oyebode, a professor of law at the University of Lagos, has said that the President Muhammadu Buhari regime’s anti-corruption posturing is merely “fighting the symptoms rather than the root cause of corruption”.
Oyebode was a guest on yesterday’s Sunday Politics programme on Channels TV.
He said “corruption is systemic” and what is practised in Nigeria is a “crypto or proto capitalist” system. The Nigerian political economy shows that the type of capitalism in the country is “a form of legalised robbery”.
He argued that the solution was to “change the political economy of Nigeria”, but “Nigerian leaders are afraid to take the plunge”. Instead of going for this fundamental change, those “leaders” resort to gimmicks that “make good copy for the papers” about the recovery of looted funds.
Oyebode also advocated stronger penalties for those found guilty of corruption.