Inside the Pandora Box, By Dakuku Peterside

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Pandora papers would help raise the bar on the fight against corruption, if it uncovers invested funds are proceeds of crime or corruption.

Pandora papers have shown that we cannot keep all the information to ourselves. Information is now in the open market depending on who seriously demands it and for what. It is established that the disruptive power of the new media will raise the bar on the accountability of citizens and leaders, for the ultimate benefit of society.

Media reports indicate that the Pandora papers implicated more than 10 Nigerian political, religious, and business leaders. They include “a former Governor of Anambra State, Peter Obi; a senator and former Aviation Minister, Stella Oduah; Mohammed Bello-Koko, the acting Managing Director of Nigeria Ports Authority; presiding Bishop of Winners Chapel, Bishop David Oyedepo; Governor Gboyega Oyetola of Osun State, and his Kebbi State counterpart, Atiku Bagudu”.

Pandora papers, like earlier whistleblowing events, has brought several issues to the fore. The first is that there are no secrets in the world. It is only a matter of time and whether someone is interested in unearthing the mystery.

On the other hand, businesses have a right to find a hiding place for themselves in the international system. The challenge is to strike a balance between the professional responsibility of journalism and the corporate obligation of companies. Companies are not guilty of any crime in this process. Similarly, owners of companies listed in offshore havens are not guilty of any crime by being so associated.

Finally, the Pandora paper scandal has moral, ethical, legal,and political ramifications that the media and Nigerian government must fully explore to establish lessons from any intended and unintended consequences. An act may not be unlawful but has moral implications that will be of interest to society. The legality of an action at every point in time is a function of individual countries’ law and it’s law enforcement agents.

 

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