Nigeria has recorded illicit financial outflows of $217.7bn
in 38 years, specifically between 1970 and 2008, the Economic and Financial
Crimes Commission, said in Abuja on Wednesday.
The commission stated that the various investigations,
arrests, prosecution and assets recoveries over the years had confirmed that
the level of corruption in Nigeria had been truly staggering.
The Acting Chairman of EFCC, Ibrahim Magu, represented by
its Acting Spokesperson, Tony Orilade, expressed these views at a one-day
conference organised by Online Publishers Association of Nigeria with the
theme: “Free press and objective reporting in the 2019 election year.”
The EFCC boss said corruption in Nigeria was being
perpetrated by individuals and groups both in the private and public sectors.
He identified former state governors, ministers, high
ranking military officers, chief executives of parastatals and top bureaucrats
in state and federal agencies as culprits involved in the public sector theft.
Magu said, “The alarming rate of corruption committed by
these unpatriotic elements can be partly seen in the number of convictions
secured by the EFCC from Nigerian courts since I assumed duty as the head of
the commission in 2015.
“The figure stands at 103 in 2015, 195 in 2016, 189 in 2017
and 312 for the period of January to December 2018. The total figure for the
period of 2015 to 2018 is a mind-blowing 799 convictions. In the process of
such convictions, the EFCC recovered N794.5bn, $261m, £1.1m, €8.1m and CFA86,
500.
“One of the most graphic ways through which the absence of
democratic accountability manifests itself in Nigeria today is through the
prevalence of rampant corruption at all levels of governance. For example,
Transparency International reported that Nigeria was the most corrupt country
in the world for years: 1996, 1997, 2000 and second in the line for remaining
years up to 2003.
“In February 2015, a high-level panel on illicit financial
flows from Africa constituted by the African Union, under the chairmanship of a
former President of South Africa, Thabo Mbeki, revealed that Nigeria ranked
first among ten African countries by cumulative illicit financial flows between
1970 and 2008. The total outflow from Nigeria for the period was $217.7bn
constituting about 30.5 per cent of Africa’s total share.”
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Hope it's not still the same way
ReplyDeleteThey have been milking us long ago
ReplyDelete