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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.

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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.

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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
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