Senator Gbenga Daniel, representing Ogun East, has called on the Federal Government to grant a structured amnesty to Nigerians who return illicit funds held abroad, provided the money is invested in productive sectors of the economy.
Daniel, a former governor of Ogun State, made the recommendation on Wednesday in Abuja during a book launch at the Yar’Adua Centre to mark his 70th birthday. He described corruption as a major impediment to Nigeria’s progress and highlighted capital flight as one of the most damaging consequences of graft.
“In the interim, one of the most damaging dimensions of corruption is capital flight. Much of the stolen money is invested outside our shores, enriching other nations while depriving Nigeria of development resources,” Daniel said. He suggested that the government consider a well-structured moratorium or amnesty on repatriated illicit funds, provided they are channeled into productive investments within Nigeria, helping inject much-needed capital into the economy.
The lawmaker noted that a large portion of illicit wealth passes through the banking system, making it traceable with modern financial intelligence tools. He also stressed the importance of fully utilizing the Code of Conduct Bureau to strengthen accountability among public officers.
Daniel further raised concerns over misinformation, warning that distorted narratives and half-truths often influence political decisions. “We must invest deliberately in credible, fact-based information systems to empower citizens,” he said.
Highlighting declining ethical standards in public service, Daniel lamented the lack of scrutiny over sudden wealth and urged a return to the “Omoluabi” ethos of integrity, honor, and moral uprightness. He expressed optimism that Nigeria’s governance challenges are not insurmountable, emphasizing the need for collective will and sincerity of purpose.
The book launch featured four works, including Daniel in the Lions’ Den and My March through the Courts. Reviewing the books, Dr. Reuben Abati encouraged youth and researchers to document their experiences, while Senator Adeniyi Adegbonmire described My March through the Courts as a “must-read,” highlighting Daniel’s legal battles and eventual acquittal.
