EFCC Chief, Magu, Blames Recession On Corruption |The Republican News

Acting Chairman, EFCC Ibrahim Magu

Eniola Akinkuotu, Abuja

The acting Chairman of the Economic and Financial Crimes Commission, Mr. Ibrahim Magu, has attributed the current economic crisis and infrastructural decay to the high level of corruption in the nation.

Magu said this on Thursday when he paid a courtesy visit to the naval headquarters in Abuja.

The EFCC boss said the recession prevalent in Nigeria today was as the fallout of the corruptive tendencies of our leaders.

According to him, except Nigerians resolve collectively to abhor corruption in all forms, there will be no future for the youths.

He also said that it was disturbing that federal, state and local government allocations were persistently being misappropriated.

“If 50 per cent of the allocations to the three tiers of governments are judiciously put to use, we would not be where we are in terms of underdevelopment and infrastructural decay,” he explained.

Magu said that his visit to the naval headquarters was in furtherance of the inter-agency collaboration between the EFCC and other government agencies.

He added, “The EFCC alone cannot fight corruption; we need all hands on deck. We have come to appreciate you for the robust relationship that exists between the EFCC and the Nigerian Navy, and we want to leverage on that to curb corruption in Nigeria.” (

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