EFCC chief blames corruption for reason for poverty, insecurity in Nigeria

performing chairman of the financial and financial Crimes fee (EFCC), Ibrahim Magu, has blamed mass poverty and insecurity in Nigeria on corruption.

Magu spoke on the induction software organised with the aid of the Nigeria Governors' forum Secretariat for the returning and newly-elected governors in Abuja on the theme "indispensable of combating Corruption/Terrorism Financing in Nigeria".

The EFCC boss stated Nigeria's anti-govt forces had been leveraging on mass poverty to work towards the nation.

He referred to, "Mass poverty within the place due partially to corruption via the ruling elite is largely accountable for the convenience with which the Islamists are capable of recruit fighters to sustain their aggression in opposition t the Nigerian state."

Magu's statement changed into not off the truth of Nigeria. Nigeria ranks 144th out of one hundred eighty nations on Transparency overseas's Corruption Perceptions Index. also, in December 2018, World Poverty Clock named Nigeria as the poverty capital of the world after it overtook India.

In February 2019, over ninety million of about one hundred ninety million Nigerians have been suggested to be residing desperately terrible.

however President Muhammadu Buhari govt had in December 2018 rejected the report, insisting that his govt had created jobs chiefly in the enviornment of agriculture and reduced poverty.

Magu, although, cited that the country could be hazardous if public office holders continue to mismanage public dollars and make the americans live in poverty.

"whether we love it or now not, corruption and terrorism have turn into the twin evils, undermining our collective efforts to make Nigeria a very brilliant country," Magu observed.

while citing circumstances of insecurity being used as a channel for corruption, he said, "insecurity has additionally provided the required oxygen for corruption to thrive as evident within the $2.1bn hands procurement scandal involving exact defense force commanders each serving and retired."

He cited that Nigeria's failure to take full competencies of its natural resources might even be attributed to corruption as public workplace holders are in the dependancy of continuously syphoning public materials.

Magu additionally attributed activities of militants in the Niger Delta and insurgency within the Northeast to acts of corruption.

"As an investigator, i am stunned through the quantum of components stolen from the Niger Delta building commission (NDDC) by people that run the intervention agency. it is so unhealthy that even a mere personal assistant to a former Managing Director turned into charged for stealing over N3 billion," the EFCC Chairman stated.

Magu lamented that Nigeria has lost trillions of Naira to corruption through public workplace holders and urged the governors to desist from the trend.