‘Corruption affecting cost of doing business in Nigeria’

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Retired Justice of the Supreme Court, Olabode Rhodes-Vivour has expressed concern on how corruption is increasing the cost

Retired Justice of the Supreme Court, Olabode Rhodes-Vivour has expressed concern about how corruption is increasing the cost of doing business in Nigeria.

He stressed the need for stakeholders in the maritime industry to take full advantage of technical technological advancements, including automation, which has the potential to eradicate corruption and other negative activities in the sector. He said: “In the drive to achieve the maximum exploitation of the economic potentials of the maritime industry, full advantage must be taken of technological advancements, including automation, with its potential to eradicate corruption and other negative activities in the maritime sector. Corruption is a major bane of development, and it is counterproductive to maximum productivity and efficiency.

In his address, the Acting Chief Judge of Nigeria, Justice Olukayode Ariwoola noted that the seminar was designed to acquaint the jurist with emerging trends in the sphere of Admiralty Law and the challenges that digitalisation and globalisation may throw up on the adjudication of admiralty matters.

 

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