The Acting Chairman of Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, says politicians defecting from one party to another would not be shielded from prosecution by the anti-graft agency.<\/p>\n
Speaking during a parley with editors in Lagos on Wednesday, Mr Magu said there is no hiding place for such politicians in the fight against corruption by EFCC.<\/p>\n
\u201cThe fact that a politician jumps from one party to another will not stop EFCC investigation; we don\u2019t stop investigation until it is concluded.<\/p>\n
\u201cIt is only the courts that have the powers to decide on whether to exonerate or convict any indicted politician,\u201d said the EFCC chairman.<\/p>\n
Responding to alleged interference by the ruling All Progressives Congress (APC), Mr Magu said that he had never received any instruction to stop any investigation.<\/p>\n
\u201cI am not the type you\u2019ll ask to stop any investigation,\u201d Mr Magu said.<\/p>\n
The EFCC chairman said it had become fashionable for anyone being investigated for corruption by the Commission to scream political persecution.<\/p>\n
\u201cWith the general elections fast approaching, the resistance has assumed even frightening dimension with political motives imputed to most of our activities,\u201d he said.<\/p>\n
According to Mr Magu, the media owes Nigeria a duty not to allow the corrupt to deploy their ill-gotten riches to corner the machinery of government.<\/p>\n
The EFCC chief, therefore, urged the media not to lend their platforms to helping the cause of the corrupt that were shedding crocodile tears.<\/p>\n
\u201cWe must all do what is right for our country, which is ensuring that those who steal our common patrimony are brought to justice,\u201d Mr Magu said.<\/p>\n
According to him, the EFCC has so far revealed only about 10 per cent of the monumental corruption perpetrated in the past and urged all security agencies to prioritize anti-graft fight.<\/p>\n
\u201cYou have not seen anything yet, we have not even touched 10 per cent of corruption perpetrated in the past,\u201d he said.<\/p>\n
The EFCC boss said banks needed to strengthen internal control and urged the Central Bank to re-appraise regulatory and ethical conduct of banks in order to win the fight against corruption.<\/p>\n
According to him, EFCC has signed memoranda of understanding with the United Arab Emirates and Mauritius in its efforts to recover looted assets.<\/p>\n
He expressed concern at the state of seized assets which were rotting away at various locations across the country.<\/p>\n
On assets recovery, Mr Magu said EFCC had recovered a total of N106.5 billion, $1.63 million, 629,000 British Pounds and 25,575 Euros this year.<\/p>\n
He expressed the hope that EFCC would surpass the record of 189 convictions achieved in 2017, going by over 158 convictions secured between January and August this year.<\/p>\n
(NAN)<\/p>\n
<\/p>\n
The Acting Chairman of Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, says politicians defecting from one party to another would not be shielded from prosecution by the anti-graft agency.…<\/p>\n","protected":false},"author":6,"featured_media":2177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[63,168],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.citypeopleonline.com\/wp-content\/uploads\/2016\/12\/Ibrahim-Magu1.jpg?fit=400%2C242&ssl=1","jetpack-related-posts":[{"id":142065,"url":"https:\/\/www.citypeopleonline.com\/dss-invites-efcc-ag-chairman-ibrahim-magu\/","url_meta":{"origin":59413,"position":0},"title":"DSS Invites EFCC Ag. 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