EFCC chairman Magu accuses governors of promoting insecurity in their states

Ibrahim Magu, the acting chairman of the Economic and Financial Crimes Commission (EFCC) has alleged that some state governors promote insecurity to enable them inflate security votes in their states.

Magu said Nigeria's loss to corruption in the last decade runs into trillions of naira and that a review of the recoveries between 2017 and now, shows that in 2017, the EFCC recovered N473.065 billion, $98 million, €7 million and £294,000, while N236.16 billion was recovered in 2018.

He said the recovered sum just gives an insight into what had been stolen so far by those in leadership positions.

Speaking at the induction ceremony for the governors-elect and their returning colleagues at the State House in Abuja, the anti-corruption czar said the twin evils of corruption and terrorism- financing.

According to Magu, these vices which have continued to bedeviled the country have also created a disastrous impact on governance and socio-economic advancement of Nigeria.

Urging the governors-elect and their other political colleagues to shun corruption, Magu said the nexus between corruption and terrorism is that corruption promotes insecurity.

He said: "Whether we like it or not, corruption and terrorism have become the twin evils, undermining our collective efforts to make Nigeria a truly great country."

"Indeed some development scholars are of the view, which I also subscribe to, that militancy in the Niger Delta and insurgency in the north east are by-products of corruption," Magu said.

Further congratulating the politicians, Magu urged them to make the fight against corruption a cardinal point in their administrations.

"If we can curb corruption, we can checkmate terrorists' activities," the EFCC's chairman said.

Meanwhile, Legit.ng previously reported that Magu had in April accused some Nigerian banks of conniving with Bureau De Change operators to launder money and commit other illegal financial activities.

PAY ATTENTION: Read the news on Nigeria’s #1 news app

Magu said some of these fraudsters now work in Nigerian banks which allow them the opportunity to perpetrate these criminal acts.

He further called on all Nigerians to join hands with EFCC to fight corruption to a standstill in Nigeria.

NAIJ.com (naija.ng) -> Legit.ng: Same great journalism, upgraded for better service!

Top Nigeria Corruption Scandals: Joshua Dariye, Olisa Metuh and Sambo Dasuki | Legit TV

Source: Legit.ng

from Legit.ng: Latest Nigeria News Today & Breaking Naija News 24/7 http://bit.ly/2DJDzKl
via EDUPEDIA24/7

Comments

Nigerian Academy Of Science Inducts First Female President

The Nigerian Academy of Science has inducted a professor of Parasitology/Epidemiology, Ekanem Ikpi Braide, as its 19th President on Thursday. In a statement issued by Oladoyin Odubanjo, the Executive Secretary of the Academy, Braide is the Academy’s first female President in 44 years of existence. It read, “Braide was a member of the national committee that achieved the laudable feat of guinea worm eradication in Nigeria. “She has a rich professional experience as a researcher and an administrator. In July 2010, Professor Braide was honoured by the President of Nigeria with the award of Officer of the Order of the Federal Republic (OFR) for her contribution to disease control in Nigeria. “She was nominated by the Honourable Minister of Health to serve in the Ministerial Expert Advisory Committee on COVID-19 Health Sector Response (MEACoC-HSR). “Professor Braide served as Vice-Chancellor, Cross River University of Technology (CRUTECH) Calabar, Nigeria (2004 to 2009) and as P...

NLNG Signs Letter Of Intent On Delayed Gas Expansion Project

The Nigerian Natural Liquefied Gas LTD has signed a letter of intent for the engineering, procurement and construction of its long held up Train Seven project. In a statement released by the company on Wednesday, it said that the $10bn project will be executed by a consortium of Italian firm Saipem, Japan’s Chiyoda and South Korea’s Daewoo. The statement reads, “The project will form part of the investment of over $10bn including the upstream scope of the LNG value chain, thereby boosting the much needed Foreign Direct Investment profile of Nigeria.” Managing Director of NLNG, Tony Atta, said in 2018 that the Final Investment Decision would be made in the fourth quarter of that year. This did not however, materialize. According to the release, the project will have a four to five-year execution time after the signing of the FID. The project is expected to add an extra 8 million tons per annum of gas to the 22 mtpa currently exported by the company. Oil News AddThis :...

Former Maritime Agency Boss, Buba Galadima, Accuses AMCON Of Witch-hunt After Property Takeover

A former Director-General of the Nigeria Maritime Agency, Buba Galadima, has accused the Asset Management Corporation of Nigeria of witch-hunt after the agency took possession of his business and assets on Tuesday in Abuja. Galadima, an ardent critic of President Muhammadu Buhari, claimed that he did not borrow money or have unpaid debt with Unity Bank, which lodged a complaint against him and occasioned AMCON’s move on Tuesday. The properties taken over include House No. 15, Addis Ababa Crescent, Wuse Zone 4, Federal Capital Territory, Abuja and House No. 4, Bangui Street, Wuse 2, also in Abuja. Reacting to the situation, Galadima said, “This is an attempt to disgrace and break me down. This is injustice and an attempt to humiliate me. "But I am unbreakable and they can never silence me. They sacked me and over 50 people that sleep in the apartment. "We don’t know where to go. We will remain on the streets. We will remain on the streets until God provi...

EDUPEDIA247

Search This Blog