Osinbajo noted that corrupt practices, weak public and private institutions as well as public policies, were the greatest threat to the stability of the economy.
While speaking at the 3rd Annual Christopher Kolade’s lecture on business integrity in Lagos, the vice president said integrity should be an acceptable standard and aspiration of every business leader.Speaking on the topic, ‘Beyond Compliance: Imbibing a Culture of Business Integrity,’ he added, “The most important thing is to do things right. It is important that what we do comply with the rule of law. There is need to ensure that people’s rights are not trampled on. And there is need to ensure that people face the consequences for wrongful actions. That balance is necessary. The administration will ensure that loopholes compliance are plugged and those responsible for creating loopholes will face the consequence.”
“The greater good of the company also means the greater good of many people, their lives and families. The question is, how do we respond to the ethical dynamics of poverty and corruption when it concerns our friends, ethnic or religious groups?”
Christopher Kolade noted the country was a difficult place to practise integrity because corruption was perceived as the norm.
He said, “We use corruption in our conversations than we talk about integrity. Integrity should feature more in our conversations. Integrity is meant to be natural to human beings.”
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