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Ibrahim Magu EFCC boss moves to stop procurement fraud

This is coming on the heels of the startling revelations of large amounts of money disbursed to ‘highly placed’ Nigerians from the $2.1b arms procurement loot.

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EFCC Chairman, Ibrahim Magu play

EFCC Chairman, Ibrahim Magu

(WBUR)

The Economic and Financial Crimes Commission (EFCC) boss, Ibrahim Magu, has come up with a new unit to stop procurement fraud.

This is coming on the heels of the startling revelations of large amounts of money disbursed to ‘highly placed’ Nigerians from the $2.1b arms procurement loot.

A committee set up by President Buhari to investigate the purchase of arms since 2007, exposed various irregularities amounting to $2.1b.

Subsequently, the former National Security Adviser was arrested by the Department of State Services (DSS) and handed over to the EFCC for further investigation.

The EFCC investigations also opened a rotten can of worms, and many notable Nigerians were named as accomplices in the arms purchase scam.

Read: AIT Chairman charged to court over alleged $2bn arms deal fraud [PHOTOS]

Speaking about the new unit, Mangu said “I am so concerned about procurement fraud. I am thinking of establishing a Unit, purely on procurement fraud. When put in place, it will go a long way in checking corruption.”

Adding that “The task of fighting corruption is herculean and should not be left in the hands of anti corruption agencies alone. Your participation and support for the anti corruption fight is key. Most importantly, I need your help to do the job. Let’s put heads together and move this country forward.”

The mission statement of the Economic and Financial Crimes Commission is to rid Nigeria of Economic and Financial Crimes and to effectively coordinate the domestic effort of the global fight against money laundering and terrorist financing.

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