[ad_1]
Nigeria has recorded financial outflows of $ 217.7bn in 38 years, which is between 1970 and 2008, the Economic and Financial Crimes Commission, said in Abuja on Wednesday.
The commission stated that the various investigations, arrests, prosecution and badet recoveries over the years had confirmed that the level of corruption in Nigeria had been truly staggering.
The Acting Chairman of EFCC, Ibrahim Magu, represented by its Acting Spokesperson, Tony Orilade, published by the Online Publishers Association of Nigeria with the theme: "Free press and objective reporting in the 2019 election year. "
The EFCC boss said bribery in Nigeria was being perpetrated by individuals and groups in the private and public sectors.
He identified with state governors, ministers, high ranking officers, and chief executives of parastatals and top bureaucrats in the state and federal agencies involved in the public sector.
Magu said, "The alarming rate of corruption committed by these unpatriotic elements can be seen in the number of convictions of the EFCC from Nigerian courts since 2015.
"The figure stands at 103 in 2015, 195 in 2016, 189 in 2017 and 312 for the period of January to December 2018. The total figure for the period of 2015 to 2018 is a mind-blowing 799 convictions. In the process of such convictions, the EFCC recovered N794.5bn, $ 261m, £ 1.1m, € 8.1m and CFA86, 500.
"One of the most graphic ways through which the absence of democratic accountability manifests itself in Nigeria today is through the prevalence of rampant corruption at all levels of governance.
JAMB set to inaugurate transparency newsletter
"For example, Transparency International reported that Nigeria was the most corrupt country in the world for years: 1996, 1997, 2000 and later in the year 2003.
"In February 2015, a high-level panel on illicit financial flows from Africa by the African Union, under the chairmanship of a former President of South Africa, Thabo Mbeki, revealed that Nigeria ranked first among African countries by cumulative illicit financial flows between 1970 and 2008. The total outflow from Nigeria for the period was $ 217.7bn constituting about 30.5 per cent of Africa's total share. "
EFCC arraigns two oil marketers for $ 8.4m alleged fraud
Related
[ad_2]
Source link
