Treasury looters stranded, unable to access their loot, says Magu
- EFCC chairman, Ibrahim Magu, on Wednesday, July 1 declared that treasury looters in Nigeria were stranded
- The EFCC boss said looters are unable to access looted funds as a result of restrictions placed on the accounts containing such funds
- Magu said corruption was fiercely fighting back but added that no amount of blackmail will diminish his zeal
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The chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, on Wednesday, July 1 declared that treasury looters in Nigeria were stranded and unable to access looted public funds following intensified anti-graft war waged by the commission.
Magu made the comment while receiving the National Association of Barbers and Cosmetology Employers of Nigeria (NABCEAN).
The EFCC boss said looters of public funds were stranded and unable to access looted funds as a result of restrictions placed on the accounts containing such funds.
Source: Facebook
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He said the gap between the rich and the poor had shrunk as a result of the war against corruption.
His words: “They are stranded. They have a lot of money but they don’t know what to do with it. We will stop them. I will shave them dry.
“We don’t have problem with any looters because we know we will get them.”
He further said corruption was fiercely fighting back but added that no amount of blackmail will diminish his zeal in the fight against corruption.
He urged the group to mobilise to take ownership of the anti-graft campaign.
The leader of the group, Barile Ngbobu, said beauty and cosmetology industry remained the second fasted growing industry in Nigeria with the capacity to generate $97billion annually and noted that the association had an important role to play in the anti-graft campaign.
Nigeria continues to suffer from the consequences of corruption in its economy and among the citizenry.
Kingsley Moghalu, a former presidential candidate wrote on Twitter: Corruption is to be found in developing and developed nations. But in countries like Nigeria, it is as pervasive as the air we breathe. Thus so central, it blocks development. “Fighting corruption” is often just politics. In the West it’s peripheral, and they've already developed.
Olaudah Equiano wrote: Corruption in Nigeria is mind-boggling. It's cultural. It's sad. Imagine a recently demised ex-governor buying a property in the US, and paying in full? Our governors are stealing our commonwealth and the anti-corruption agencies are helpless. We can never develop under this climate.
Gimba Kakanda wrote: Nigeria deserves death penalty law on corruption conviction, but again those guilty are the same people expected to make, interpret and enforce such law.
Meanwhile, a civil rights group, the International Society for Civil Liberties and Rule of Law (Intersociety), has alleged that Nigerian security forces criminally collected monies estimated at not less than N44 billion from Monday, March 30 to Tuesday, June 30 while enforcing the COVID-19 lockdown.
The report which was released by Intersociety on Sunday, June 28, stated that the investigation covered lands and borders and did not include railways, coastal lines, waterways and airports.
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