Ken Aklah's Framework; A Solution To Nigeria's Divestment Situation And Economic Down-turn

Ken Aklah's opinion to the current divestment situation (a situation where investment index is low) in the Country as the result of the method adopted by this present administration to fight corruption is that, Globally, corruption remains a laid-back-nature of frontier societies mostly at the Southern hemisphere. This goes further to establish that corruption is not a function of genetic peculiarity, but of gross underdevelopment and poverty in material existence because the advanced societies had been in heigthened state of corruption in their formative stage, but became gradually refined, as they made tremendous economic improvements. However, this is not to say that those societies are free of corruption.
Hopefully, third world countries shall progress to that stage with time. The methods of tackling corruption are varied and it is quite worrisome that the method adopted by Nigeria, in this present administration has plunged the country into an embarrassing abyss of divestment with unsolicited economic consequences. This crude method of combating looters of public funds has enthroned covate excess liquidity, a situation where there are so much hidden liquid cash, but cannot be injected into the economy through investment for fear of being jailed by anti-corruption regimes.
Ken Aklah provides the most appealing framework of transducing these looted money into the country's collective wealth. So far, the recovery volume is very negligable, as compared to what has been, supposedly, looted. This is not only because the method of recovery is crude and outdated, but also because the process is warped by party-divide and enmeshed with revenge. We should be reminded that the government is not spirit and its recovery is restricted to limited information gotten which in most times lack veracity. However, the President's adoption of fiscal consolidation measures and policy inertia which will help to keep the conventional investment portfolios afloat, is highly commendable.
For Aklah, the federal government should invite all the perceived looters and assure them that they are free from investigation on conditions of submitting business proposal on businesses they could invest the looted money in. This will make the looters to feel very free in bringing huge volumes of irrecoverable monies and invest into the economy, creating international partnerships. If the government is bent on using forceful means to recover these funds, it might not even recover up to ten percent, but if the federal government should go into negotiation, it will recover 100 percent.