Published On: Thu, Jan 14th, 2016

Defiance of courts could hurt Nigeria economy

Nigeria economyLAGOS, (CAJ News) – THE current’s administration’s defiance of court orders to release terror suspect, Nnamdi Kanu, is likely to impact on Nigeria’s prospects to attract foreign investments.

The International Society for Civil Liberties and the Rule of Law (Intersociety) issued the warning on Thursday as the pro-Biafra activist spent his 90th day in jail despite courts granting his release on bail.

Government agencies, particularly the Department of State Services (DSS)  have defied orders by the court to release him.

Buhari, in a recent chat with media appeared to endorse the continued incarceration.

“We the International Society for Civil Liberties and the Rule of Law, feel saddened and alarmed over President Muhammadu Buhari administration’s anarchic approaches and dispositions,” Intersociety Chairman, Emeka Umeagbalasi, said.

He said such actions were steadily leading Nigeria to irreparable destruction of its organized society, public morality and decency.

Umeagbalasi said the consequences of the Buhari administration’s contempt to rule of law are economically, politically, socially and ethno-religiously calamitously.

“Economically speaking, for instance, no rational foreign investor will risk his or her investment or capital in a country where its president boldly appeared on a national television and declared disobedience to judicial decisions and disrespect to rule of law as sacrosanct and the cornerstone of his administration.”

The reduced investment inflows would be disastrous in a country that is experiencing slow economic growth owing to the fall of oil in the international markets.

The country also plans to diversify its economy from oil.

CAJ News

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