Yemi Osinbajo Quotes
Corruption and illicit financial flows are different. But they really must be twinned. This is because, for practical purposes, it is an eminently more sensible approach to treat most of the sources of illicit financial flows as corrupt activity, within a broader use of the term.
Osinbajo, Yemi. "Address by Vice President Yemi Osinbajo at the Conference on Promoting International Co-operation in Combating Illicit Financial Flows." StateHouse.gov.ng, State House, Abuja, 5 Jun. 2017.
4 weeks later Lance resigned as Budget Director over ethical lapses.
It was very common to have tax collectors take a percentage of their collections as a commission and to be able to appoint sub tax collectors who also took commissions. On top of that, most tax collectors underreported the amount that they collected and pocketed the difference. At the time, Spain was worse than most Christian nations.
In the economic meltdown of 2008 and the aftermath, there were so many criminal violations of law in the financial industry that even the Democratic administration of Barack Obama chose not to jail the violators but to levy some large token fines albeit ones which were very affordable for the institutions who had to pay them—in many cases paying them with money made as a result of profits on no-interest money they received in bailouts after the 2008 Meltdown.
Oluyemi Oluleke "Yemi" Osinbajo GCON, is a Nigerian lawyer and politician who is currently serving as the Vice President of Nigeria, since 29th May, 2015.