A contract is said to be discharged (or terminated) when the parties to it are freed from their mutual obligations. In other words, when the rights and obligations arising out of a contract are distinguished, the contract is said to Read More …
Month: March 2022
MONEY LAUNDERING
Money laundering is the process of creating the appearance that large amounts of money obtained from serious crimes, such as drug trafficking or terrorist activity, originated from a legitimate source. it can also be defined as the process of making Read More …
ETHICS AND ANTI-CORRUPTION COMMISSION (EACC)
The EACC is a public body established under Section 3 (1) of the Ethics and Anti Corruption Commission Act, 2011. As per Section 4 of the Act: The Commission shall consist of a chairperson and two other members appointed according Read More …
CONSEQUENSES / IMPACT OF CORRUPTION
1. Trade and Investment Impacts Corruption distorts markets and, like other forms of anti-competitive behaviour, damages all involved in the supply of goods and services – and ultimately national economies. No country is immune from corruption. It flourishes where the Read More …
CORRUPTION
Corruption is a form of dishonest or unethical conduct by a person entrusted with a position of authority, often to acquire personal benefit. Corruption may include many activities including bribery and embezzlement, though it may also involve practices that are Read More …
How bribery may occur in the different phases of the project cycle
Extortion It occurs where one party makes threats against another party of adverse consequences unless demands, usually for payment, are met by the other party. The extortion may constitute, for example, refusal to provide customs clearance for equipment or materials, Read More …
