FG: check corruption in maritime industry.
Senator George Akume, the Secretary to the Government of the Federation (SGF), has urged all parties involved in the marine sector to cooperate in the fight against corruption and unethical business practices.
The SGF made this statement on Wednesday in Abuja during the 17th international maritime conference for judges series. According to the Senator Akume, Corruption impedes progress and efficiency in any community,
and It makes doing business more expensive, restricts economic expansion, has a detrimental effect on social welfare, denies the government tax income, and damages the nation’s reputation.
According to the SGF, combating industry corruption will advance growth and effectiveness in the maritime sector.
“Corruption is a major barrier to efficiency and development in any society,” he declared. It makes doing business more expensive, restricts economic expansion, has a detrimental effect on social welfare, denies the government tax income, and damages the nation’s reputation.
As a result, I urge all parties involved to cooperate in order to rid the maritime sector of corruption and corrupt practices.
Minister of marine and blue economy, Adegboyega Oyetola, in his remarks said that the ministry has been putting a lot of effort into fortifying the institutional and legal frameworks of its agencies ever since it was established.
The minister went on to say that in order to bring the ongoing reforms up to date and optimize their benefits when they are eventually enacted into law, his ministry has recently supported
the repeal of the Nigerian Shippers’ Council Act, CAP N113 LFN, and the enactment of the Nigerian Shipping and Port Economic Regulatory Agency Bill, 2024.
In order to promote deeper economic integration, he therefore pleaded with the judges of different jurisdictions to offer a true platform for the harmonization and unification of company laws.
Akutah Pius, the executive secretary of the Nigerian Shippers Council, stated that the meeting, which has been held for the past 32 years, has brought together distinguished jurists and experts in the field of
maritime law to discuss issues related to the law in order to educate judges and practitioners in this area of the law and to enhance the effectiveness of court proceedings in this area.
He said that the marine business is changing quickly due to numerous innovations and changes in the law, supporting the necessity to repeal the Shippers Council Act.
As a result, fundamental standards that nations should incorporate into their legal systems are required.
