Abuja - Acting Chairman of the Economic and
Financial Crimes Commission (EFCC), Ibrahim Magu, has blamed corruption for
Nigeria’s economic recession.
Speaking at the Naval Headquarters in Abuja, he cited the
persistent misappropriation of federal, state and local government allocations.
“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,” said Magu.
Also read: Magu seeks support of military in graft crusade
He called for collaborations to curb corruption and
subsequently, economic decline.
“EFCC alone cannot fight corruption. We need all hands to be
Vice Admiral Ibok-Ete Ekwe Ibas, Chief of Naval Staff,
concurred with Magu.
insecurity and responsible for lack of development,” he said.
- CAJ News