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 on going 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.
