Former Minister of the Federal republic of Nigeria for Finance and coordinating Minister of the Economy, Ngozi Okonjo-Iweala, has said corruption should be fought using technology and other institutions.
She spoke at the Africa CEO forum yesterday, where she said those involved in corruption should be made to pay for their actions.
“We have to fight corruption in two ways; one is by punishing those who steal, and making sure they pay for what they do.
“But we also must plug all the holes by building institutions and systems that prevent corruption in the first place.
“If you have a financial system for running your financial accounts that is not computerised, that is not technologically based, you are still transferring cash, as we were doing in my country up until 2003, 2004, then you are opening up the place to a lot of leakages,” she said.