Acting EFCC Chairman, Magu Blames Recession On Corruption

Acting Chairman of the Economic
and Financial Crimes Commission, EFCC, Ibrahim Magu has said that there
is a nexus between corruption and economic recession.

Magu who was
speaking on Thursday, December 1, when he visited the Naval
Headquarters in Abuja on a courtesy call said the recession prevalent in
Nigeria today was as a fall out of the corruptive tendencies of our

According to him, except Nigerians resolve collectively to
abhor corruption in all forms, there will be no future for the youths.
He also said that it is disturbing that federal, State and Local
Government allocations are persistently being misappropriated.

“If 50
percent of the allocations at the three tiers of governments are
judiciously put to use, we would not be where we are in terms of
underdevelopment and infrastructural decay,” he explained.

Boss said that his visit to the Naval headquarters was in furtherance of
the inter-agency collaboration between the EFCC and other government

“EFCC alone cannot fight corruption; we need all hands to be
on deck. We have come to appreciate you for the robust relationship that
exists between the EFCC and the Nigerian Navy, and we want to leverage
on that to stem corruption in Nigeria”, Magu said.

He appealed to
the Chief of Naval Staff, Vice Admiral Ibok-Ete Ekwe Ibas to help
mobilize women in Uniform, especially in the Nigerian Navy, to come out
on December 7,to be part of the flag off of the Women Against
Corruption programme by the wife of the President, Aisha Buhari.

Chief of Naval Staff, in his response agreed with the EFCC Chairman
when he said “corruption fuels insecurity and responsible for lack of
development. We just cannot afford to continue like that”.

however advised the EFCC chairman that more attention should also be
paid to corruption in the private sector. He also said that after the
flag off of the Women Against Corruption
programme, “efforts should be made to look seriously in the direction of
the children as there is the need to catch them young”
whatever you are doing, be rest assured that we would be there to
support you in kill corruption in Nigeria; because like the President
said, if we don’t kill corruption, corruption will kill us.”