Viewpoint

May 20, 2024

On stealing without consequences, tax; open letter to Mr. President

On stealing without consequences, tax; open letter to Mr. President

By Osunde Douglas Eseosa

How do you expect economic stability when people who steal the wealth of Nigeria do not go to jail? When people continue to steal without consequences, you are encouraging more criminals. If the former Deputy Senate President can go to jail in London, then any individual caught stealing public funds should be jailed for not less than 30 years.

When my dear country Nigeria borrows money, it makes me sick because the money Nigeria is borrowing is actually an amount stolen by one individual. Therefore, when we go borrowing, we continue to devalue Nigeria’s currency, and the economy as a whole will continue to suffer from stagflation. How do you stabilize economic degradation when you are using what is meant to be expended for economic growth to service loans?

I want to sincerely praise Mr. President Tinubu of the Federal Republic of Nigeria for doing his best in this unprecedented fashion in the face of the economic downturn.
However, Mr. President, those who have continued to steal the resources of Nigeria should not go unpunished because they are impoverishing the lives of the masses.

Mr. President, I also want to encourage you to devise a means to break duty tax in order to prevent monopolistic practices, thereby subjecting the masses to continue to pay taxes that are not reflected in their income and livelihood. By doing so, people will continue to struggle, with only the rich living the dream meant for all who work so hard, while the poor who work so hard become poorer, and the crime rate will continue to increase.

Eseosa is Legal Consultant, Criminal Defense Advocate, and Corporate Law Lawyer. LL.B (Hons)., LL.M (USA)., BL. Member of the Republican National Committee Advisory Board, Member of Bank of America Advisory Panel.