Last Updated on
Nigerian governors have been exposed on how they sponsor crimes, killings, violence and other vices for them to inflate security vote in the annual budget.
This was stated by the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu.
According to the anti-corruption boss, corruption and terrorism promote insecurity, disclosing that in the last 10 years alone, the country has lost trillions of Naira to the scheme..
The fearless EFFC boss made the allegation at the just concluded induction programme for returning and newly elected governors by the Nigeria Governors Forum (NGF) Secretariat, while presenting a paper tagged “Imperative of Fighting Corruption/Terrorism Financing in Nigeria.”
Magu who said that he won’t waste his time debating the constitutionality of security vote, urged the governors to be transparent in the expenditure of public funds.
“We have also seen evidence of theft of public resources by some state governors – cashing on the insecurity in their states.
“Insecurity has also offered the required oxygen for corruption to thrive as evident in the $2.1 billion arm procurement scandal involving top military commanders both serving and retired,” TheSun quoted him as saying
He said it was impossible to separate the lingering insurgency in the north east from corruption.
“Mass poverty in the region due in part to corruption by the ruling elite, is largely to blame for the ease with which the Islamists are able to recruit fighters to sustain their aggression against the Nigerian state.”
According to Magu, the militancy in the Niger Delta and insurgency in the Northeast are by-products of corruption.
“As an investigator, I am shocked by the quantum of resources stolen from the Niger Delta Development Commission (NDDC) by those who run the intervention agency. It is so bad that even a mere personal assistant to a former Managing Director was charged for stealing over N3 billion.”
The EFCC boss therefore advised the state governors to shun corruption, adding, “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.”
He also gave an insight into the billions of Naira his agency have been able to recover between 2017 to 2018.
In 2017, the EFCC recovered N473.065 billion, $98 million, €7 million and £294,000, while N236.16 billion was recovered in 2018, which give just an insight into what had been stolen so far.
Most of the state governors and politicians in Nigeria are synonymous to corruption as they are in the habit of siphoning collective funds to foreign bank accounts.