2.1 DEFINITION OF CORRUPTION AND ECONOMIC CRIMES
According to section 2 of I.C.P.C Act (2000), corruption simply connotes impropriety and encompasses all forms of reprehensible, indecorous and infamous conduct in the performance of some official and non – officials responsibilities. This means any act, which go out of any normal societal behaviour.
According to Nye, J.S. (1967), Corruption is a behavior, which deviates from the formal duties of a public role, because of private (gains) – regarding (personal, close family, private clique, pecuniary or status gains). It is behavior, which violates rules against the exercise of certain types of duties for private gains – regarding influence.
Banfield (1961) says that corruption includes such behaviour as bribery (use of a reward to prevent the judgment of a person in a position of trust; nepotism (bestowal of patronage by reasons of ascriptive relationship rather than merit); and misappropriation (illegal appropriation of public resources for private uses.
Corruption is the efforts to secure wealth or power through illegal means private gain at public expense; or a misuse of public power for private benefit. (Lipset and Lenz 2000).
According to Gboyega (1965), “Corruption and Democratization in Nigeria”, Corruption involves the giving or taking of a bribe, or illegal acquisition of wealth using the resources of a public office, including the exercise of discretion”.
According to section 46 of the Economic and Financial Crimes Commission defines economic crimes to means, “the non – violent criminal and illicit activity committed with the objective of earning wealth illegally either individually or in a group or organized manner thereby violating existing legislation governing economic activities of government and its administration and includes any form of fraud, narcotic drug trafficking, money laundering, embezzlement, bribery, looting and any form of corrupt practices, illegal arms deal, smuggling, human trafficking and child labour, illegal oil bunkering and illegal mining, tax evasion, foreign exchange malpractice including counterfeiting currency, theft of intellectual property and piracy, open market abuse, dumping of toxic and prohibited goods etc.
Okolie, A.O (2006) described economic crimes as the manifestation of a criminal act done either solely or in an organized manner with or without associates or groups with an intent to earn wealth through illegal means, carrying out of illicit activities which violate the laws of the land and other regulatory statutory provisions governing the economic activities of the government and administration.
2.2 HISTORY/TREND OF CORRUPTION AND ECONOMIC CRIMES IN NIGERIA