2bn arms deal: Magu talks tough

2bn arms deal: Magu talks tough

By Our Reporter  on December 10, 2015  

From Fred Itua, Abuja
ACTING Chairman of the Economic and Finan­cial Crimes Commission (EFCC), Mr. Ibrahim Magu, has assured that the com­mission will recover public funds stolen in the guise of arms procurement in country.
Magu said the anti-graft agency was on top of the on­going investigation, adding that those alleged to be in­volved in the arms procure­ment scam would be brought to justice.
Speaking at the commem­oration of the International Anti-corruption Day with the theme, Break the Cor­ruption Chain” yesterday, at the Shehu Musa Yar’Adua Centre, Abuja, Magu said: “Corruption is like a chain whose effect impacts vari­ous aspects of the society, undermines democracy and the rule of law, distorts mar­kets, erodes quality of life, leads to human rights viola­tions and fans the embers of terrorism and other threats to human security.”
Magu, who said the com­mission had resolved to break the corruption chain in a fair, accountable and transparent manner, also stated that he had so far in­vestigated a total of 1,881 cases in 2015 alone.
The EFCC boss further added he had put in place machinery to sanitise the EFCC internally. He also expressed gratitude to Presi­dent Muhammadu Buhari for creating an enabling environment to carry out its mandate, adding that he would undertake institu­tional reforms to increase the commission’s capacity to fight corruption.
Earlier, Secretary General of the United Nations, Ban Ki-Moon, said corruption has disastrous impacts on development when public office holders, for their per­sonal use, diverted funds meant for social amenities.
Ban Ki-moon, who was represented on the occasion, added that corruption could exacerbate violence and in­security