Vice President Yemi Osinbajo attributes privatization of public enterprise to loss in revenue.

The Vice President, Yemi Osinbajo, has said that official corruption and privatization of public enterprises led to massive losses in public revenue.

Speaking at the 55th Annual Conference of the Nigerian Bar Association –NBA in Abuja, the vice president said the penchant for graft was high and Nigerian spent a lot of time meant for creativity to pursue wealth.

Osinbajo stated that enforcing contracts and the general area of dispute resolution in the country were bogged down by judicial process that is slow, burdensome and open to slow strategies.

The vice president said that it was absolutely important to deal with the issue of integrity in our judicial system even as we deal with the overall question of corruption.

He therefore urged lawyers to find means of shedding the public garb that justice could be bought to remove the legal profession from all sorts of compromise and advised the NBA members to find ways of ensuring that authentic dispute resolution were not caught up in the slow moving justice system.

 

 

 

 



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