Why I support EFCC

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Ibrahim Magu

By

 Ray Morphy 

We are where we are today in Nigeria because of corruption.

We are in a deep hole all because of corruption.

Corruption has permeated every facet of Nigerian life and it is for that reason that nothing seems to be working in our country.

As the President of the Federal Republic of Nigeria, President Muhammadu Buhari, rightly pointed out recently, “If Nigeria does not kill corruption, corruption will kill Nigeria.”

We cannot allow corruption to kill Nigeria, because we have no other country other than Nigeria. It is our responsibility to rescue the nation from the stranglehold of our own corruption.

 One of the ways we can do this is to support anti -corruption agencies such as the Economic and Financial Crimes Commission (EFCC); the Independent Corrupt Practices and other related Offences Commission (ICPC) and other security agencies saddled with the responsibility of ridding the country of corruption and its dire consequences.

The EFCC since its establishment by the enabling Act in 2004 has done more to tackle the problem of corruption than any other institution.

While the EFCC is not perfect, no reasonable person can deny the fact that corruption would have been worse without the EFCC operatives.

The records are there and they show that federal government’ s investment on the EFCC has been worthwhile and commendable.

While EFCC under previous leaderships had done well in the war against corruption, but there is no gainsaying that the EFCC under the present leadership and with the support of an anti – corruption President like President Muhammadu Buhari, has done exceptionally well in tackling corruption.

Under this leadership three former governors including former Governor Joshua Dariye of Plateau State; former Governor Jolly Nyame of Taraba State; and former Governor Orji Uzor Kalu of Abia State are serving terms in prisons having been found guilty of corruptly enriching themselves as serving governors.

It took over a decade to finally put these aforementioned former governors away because of the notorious snail pace of our judicial system. The wheels of justice turn slowly, but they turn surely.

Aside the conviction of these politically exposed former governors, the EFCC has other major achievements that merit our commendation.

Acting chairman of Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, had set a new record in asset recovery and conviction of corrupt elements.

Magu, the acting chairman of the EFCC disclosed that the agency earned a record of 882 convictions between January and October 2019. Magu made the disclosure when defending the Commission ‘s 2020 budget of N30.921billion before the Senate Committee on Anti – corruption and Financial Crimes. The conviction figure represents over 200 per cent improvement on the 312 convictions recorded in 2018.

Speaking further on the notable achievements of the Commission in the 2019 fiscal year, the EFCC boss disclosed that between January and September 2019, the Commission made money recoveries on behalf of both the federal government and third parties in the following sums: N64, 721, 161, 510.01(Sixty Four Billion, Seven Hundred and Twenty One Million, One Hundred and Sixty One Thousand, Five Hundred and Ten Naira, One Kobo), $14, 030, 512.32(Fourteen Million, Thirty Thousand, Five Hundred and Twelve Dollars, Thirty Two Cents), £4, 644, 493.00(Four Million, Six Hundred and Forty Four Thousand, Four Hundred and Ninety Three Pounds), €53, 325.00(Fifty Three Thousand, Three Hundred and Twenty Five Euros).

Magu also noted the crucial role the Commission played in assisting the country secure a temporary reprieve in the $9.6 billion Process and Industrial Developments Limited(P & ID) arbitral award against Nigeria by a UK commercial court, which he said followed the Commission’ s investigation and consequent arraignment of P & ID Limited and P & ID Nigeria Limited on charges of fraud, intent to defraud and dealing in petroleum product without license, to which their representatives pleaded guilty to the charges, leading to a court closure of the companies and the forfeiture of their properties to the federal government.

He further revealed that the EFCC’ s collaboration with the U.S.Federal Bureau of Investigation, FBI in a joint operation, tagged: “Operation Rewired, ”which was a coordinated effort to disrupt Business Email Compromise (BEC) schemes, designed to intercept and hijack wire transfers from businesses and individuals, resulted in the seizure of nearly $2.4 million, and the disruption and recovery of approximately $14 million in fraudulent wire transfers.

On the OML 245 scam, otherwise known as Malabu Oil, the trial has received new impetus because one of the principal actors in the Malabo Oil saga, former minister of Justice Mohammed Adoke is in the EFCC net, extradited from Dubai through the instrumentality of the EFCC.

These are but a few of the achievements of the EFCC and that is why I support this all – important institution and its leadership, so that they can do more for our country. Don’ t let corruption kill Nigeria.

Let’s all support the EFCC. Let’s all support the war against corruption so that generations unborn will have a country to call their own.

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