#The hunter becomes the hunted code
Anti-corruption bodies like the Independent Corrupt Practices and other related Offences Commission and the Code of Conduct Bureau must wake up and complement the efforts of the EFCC they could be a tripartite outfit that fights all financial crimes that threaten the strategic, political and economic interests of Nigeria. Largely, the EFCC is the only Nigerian institution that barks and claws the impunity enjoyed by corrupt and powerful political elite. Good a thing, an independent body has been set up to look into the aforementioned allegations.
#The hunter becomes the hunted trial
There are so many theories surrounding Magu’s trial but one fact we can’t shy away from is that the former EFCC boss is not immune to being investigated but he deserves fair hearing. It is noteworthy to point out that during Magu’s reign, he successfully arraigned and prosecuted prominent political figures on corruption charges and recovered billions of dollars and hundreds of property. Magu was the chief investigator during Ribadu’s time, his conviction rate was excellent. We also have capable hands among other sectors of society that can head the agency. I think the constant selection of the EFCC boss from among the serving policing officers within the Nigeria Police should be looked into. The antigraft agency should be strengthened to make the operatives truly independent. Also, springs of information further revealed that 332 seized properties worth billions of naira were internationally concealed by planners to cover up more findings.Īs it is, Magu must prove the weighty allegations hanging around his neck like the sword of Damocles. The training, it was gathered, was not held. One of the allegations was to account for the sum of N700 million meant for training of the commission’s operatives. The cooperation of bilateral partners and foreign donors such as the European Union also aided the fight against corruption in Nigeria.Ĭorruption has turned a healthy economy into a pale one as public office holders milked the system to deny millions of Nigerians access to the most basic health and education services.Īllegations were made by the Attorney General of the federation and Minister for Justice, Abubakar Malami, who demanded the removal of the erstwhile acting Chairman of the EFCC in a memo to the President, Major General Muhammadu Buhari (retd.). Since then, the EFCC has fought corruption and partners several agencies like the FBI, Metropolitan Police, German Police, Canadian Police, USAID, DFID, the World Bank, among others. It was one of the most commendable agencies created by the former President Olusegun Obasanjo administration. The agency was established in 2003 in some measure, the pressure from the Financial Action Task Force on Money Laundering which mentioned Nigeria as one of the 23 countries which hampered the international community’s efforts to fight money laundering. The economic crimes detail includes investigation of cases involving money laundering, checking forgery, checking washing, counterfeit checks, non-sufficient fund checks, counterfeit credit cards, fraudulent use of credit cards, fraudulently possession of credit cards and such likes.
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In Nigeria, the Economic and Financial Crime Commission is the agency responsible for thundering through economic crimes perpetrators and hunting down money launderers like a deer.