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Corruption Responsible For Recession – Magu

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[caption id="attachment_14264" align="alignnone" width="699"]Mr. Ibrahim Magu, EFCC acting chairman[/caption]

The acting chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, has stated that corruption was responsible for the current economic recession in the country.

Speaking on Thursday at the Naval Headquarters in Abuja during a courtesy call, Magu blamed the country’s present economic challenge on the corrupt tendencies of our leaders.

“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.

On his visit to the Naval headquarters, Magu said it was part of synergy building as no single agency can tackle the menace of corruption.

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“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, Ibok-Ete Ekwe Ibas a Vice Admiral, 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.

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Speaking also, Ibas promised the support of the Navy, stressing that “corruption fuels insecurity and responsible for lack of development. We just cannot afford to continue like that”.