The House of Representatives is considering a bill that recommends a three-year amnesty for looters who are willing to return the money they have stolen from the country’s treasury. Linus Okorie, the sponsor of the bill, told Leadership that the bill will encourage looters to return stolen monies to the Central Bank of Nigeria. He said 30 percent of the returned money would be paid as tax into the federation account for distribution to all tiers of government while 25 percent surcharge on the tax will be channeled towards agricultural and infrastructural developments in the country and the rest be invested in any sector of the country’s economy.
“After the declaration, 30 percent of the declared sum will be paid as tax into the federation account for distribution to all the tiers of government in the country,” Okorie said.
“While a 25 percent surcharge on the tax shall be deplored towards agricultural and infrastructural developments in the country. The remaining fund shall be invested in any sector of choice in the nation’s economy.”
“In effect, our anti-corruption drive would then be prosecuted on a new paradigm and robust strategy supported by a national consensus built upon a positive attitudinal shift.”