Abuja - Sen. Ben Bruce (PDP Bayelsa East) on Thursday called
on President Muhammadu Buhari to adjust his approach to the anti-corruption
crusade, saying policy was scaring investors.
Bruce, who disclosed this while contributing to the Senate’s
debate on the economic recession in the country, said that Nigeria should not
expect foreign investments as even local investors had stopped investing.
He said that people who had money to invest were no longer
doing so because the anti-graft agencies were harassing any person with cash
transactions running into millions.
“Buhari’s approach to anti-corruption is wrong: let us
forget the foreign investors, what about the local investors?
“If people are afraid, they will not invest; fear will not
be a policy to grow the economy.
“Money is a coward; it only goes to places where there is
peace and tranquillity.
“I have a friend who paid legitimate N50 million into his
account and the Economic and Financial Crimes Commission (EFCC) came and picked
“We cannot be afraid to be Nigerians; we cannot be afraid to
live in our country,” he said.
Also read: Senate takes swipe at Buhari anti-corruption stance
Bruce recalled that former President Olusegun Obasanjo also
fought corruption but that his anti-corruption fight was not one that put fear
in the minds of real investors.
He said that he supported Buhari’s anti-corruption fight but
insisted that the approach should be changed to encourage investments.
On the prices of food in the market, he said that poor
Nigerians were feeling the brunt far more than the rich.
He said that the prices of bags of rice, beans and garri had
risen by over 50 per cent while the retail prices of the same commodity rose by
over 150 per cent.
The lawmaker said that while the rich bought the commodities
in bags, the poor, whose minimum wage had not changed, had to buy at 150 per
cent increased rate.
He attributed the increase in retail prices of items to the
cost of transportation, and called for a transport policy to check
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