• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

      PRNigeria logo fearured image

      EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

      EFCC Arrests 37 Suspected Internet Fraudsters in Ilorin

  • Fact-Check
  • Economy
    • Comptroller General Nigerian Customs Bashir Adewale

      Nigeria Customs, ICPC and the Audit of Conscience

      Customs Diplomacy: Nigeria, Saudi Arabia Ink Mutual Assistance Deal

      Comptroller General Nigerian Customs Bashir Adewale

      Nigeria, Belarus Forge Alliance to Combat Smuggling, Facilitate Trade

      President Bola Ahmed Tinubu and CG Customs, Bashir Adewale Adeniyi

      Tinubu Hails Customs Boss Wale Adeniyi on Historic Election as WCO…

      WTO Lauds Nigeria Customs for Embracing Global Trade Standards

  • National
    • 58 Inmates in Kano Sit for 2025 NECO Exams, Thanks to…

      Tinubu conference centre generates N700m in 3 weeks – Wike

      Police Arrest 43 Illegal Immigrants, Human Traffickers, Rescue Victim

      Multichoice logo

      NDPC Fines MultiChoice ₦766m for Data Protection Breach in Nigeria

      Abdullahi Aliyu Maiwada

      Customs Debunks Fake CBT Recruitment Shortlist Circulating Online

    • Government
      • Tinubu conference centre generates N700m in 3 weeks – Wike

        Soldiers

        Soldiers, forest guards to tackle insecurity in Kwara State

        MUSWEN Muslim Ummah of South West

        MUSWEN Renews Call for Shariah Courts to Regulate Affairs of Muslims

        Corporate Affairs Commission

        CAC Unveils AI-Powered Registration Portal to Revolutionize Business Registration in Nigeria

        Employment: ICPC Secures Conviction of FAAN Staff

  • Security
    • Police Officer

      Security Forces Nab 2 Suspected ESN/IPOB Terrorists in Enugu

      58 Inmates in Kano Sit for 2025 NECO Exams, Thanks to…

      Police Officer

      Police rescue 19 Ghanaians from human traffickers in Oyo

      Soldiers

      Soldiers, forest guards to tackle insecurity in Kwara State

      Police Officer

      Anambra Police Arrest Man with Human Breast; Rescue Abducted Driver, Recover…

  • Features
    • From SDP to ADA to ADC: Can the New Opposition Coalition…

      Bashir Adewale Adeniyi MFR

      Adeniyi: Lifting Nigeria to the Pinnacle of Global Customs Authority

      Nigeria’s Growth Numbers Tell Only Half the Story By Umar Farouk…

      NYSC Corps Members in Camp

      The Burden Too Many Nigerian Youths Bear Alone

      Combating Deepfake Videos: A Fight for Nigeria’s Soul By Mukhtar Ya’u…

  • State
    • Police Officer

      Security Forces Nab 2 Suspected ESN/IPOB Terrorists in Enugu

      58 Inmates in Kano Sit for 2025 NECO Exams, Thanks to…

      Police Officer

      Police rescue 19 Ghanaians from human traffickers in Oyo

      Soldiers

      Soldiers, forest guards to tackle insecurity in Kwara State

      NDLEA Logo

      NDLEA Intercepts UK, Saudi-Bond Cocaine Hidden in Lipsticks in Lagos, Arrests…

  • Event
    • 58 Inmates in Kano Sit for 2025 NECO Exams, Thanks to…

      Troops of the Nigerian Army giving a salute

      162nd Anniversary: Tinubu Salutes Nigerian Army, Hails Troops as Guardians of…

      President & Chairman of Governing Council, Dr. Ike Neliaku

      NIPR Lauds Nigerian PR Firms for Outstanding Performances at 2025 SABRE…

      SCN NGO signs partnership with PRNIGERIA

      SCN NGO Seals Partnership with PRNigeria to Amplify its Humanitarian Projects

      NELFUND

      NELFUND Warns Students Against Fake Loan Application Portal

    • PR Nigeria Award
  • E-Paper
Home Anti-Corruption EFCC Urges Diasporans to Own Corruption Fight, Arraigns Kaduna Traditional Chief for...
  • Anti-Corruption

EFCC Urges Diasporans to Own Corruption Fight, Arraigns Kaduna Traditional Chief for Fraud

By
Tony Orilade
-
November 23, 2018
Ibrahim Magu of EFCC
Ibrahim Magu of EFCC

Magu Urges Diasporans to Own Corruption Fight

Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu has appealed to Nigerians in the Diaspora to own the fight against corruption. Magu who was speaking today, Friday, 23rd November, 2018, as a guest speaker at the Black History Month of the School of Business and Management Studies of the Queen Mary University of London, said for the fight against corruption to be effectively won in Africa, the job of fighting the scourge should not be left in the hands of the government or anti- corruption agencies alone.

In a paper titled “Taming Corruption: The way forward for African Development” the anti-graft czar said Africa has been baring the grunts of corruption for so long that developmental efforts of government gets truncated as corrupt individuals divert public funds to private pockets.

“This presentation supports the view that corruption is one of the factors that contributed to the current predicament of the African continent. The World Bank estimates that about $1 trillion are given out as bribe worldwide annually, representing about 3 percent of world GDP.

There is another dimension of corruption in Africa that is worth mentioning because of its greater destructive potentials. This pertains to large scale corruption perpetrated by the ruling elite, top government bureaucrats, politicians, business men, bank executives, captains of industries in the private sector and the rest. For example, between 1970 and 1996, capital flight from sub-Saharan Africa through corruption totalled $187 billion, an amount that exceeded the external debts of the countries involved.”

This unprecedented financial pilferage, indulged by the African ruling elites and their domestic and foreign collaborators, Magu opined, have produced two immediate consequences.

“Firstly, the huge amount stolen by them and taken out of the continent and hidden in safe havens in Europe, North America, Asia and other places have virtually crippled socio-economic development in Africa. Secondly, the corrupt acts of these unpatriotic African looters have grounded many private and public enterprises, pushing some countries to the verge of financial ruin.”

According to Magu, throughout the African continent, corruption has caused severe wastage and misallocation of resources, delayed growth and socio-economic development through missed investment opportunity, lowered growth and widened inequalities. Likewise, corruption continues to decrease government revenues, undermine private sector development and increases inefficiency in the public sector.

Magu said these massive effect of corruption on the continent is what should raise a concern especially as corruption now discourages Foreign Direct Investment (FDI) by creating economic uncertainties, increasing operating costs, and distorting incentives for investment. “Corruption is the single greatest obstacle to economic and social development”, he added.

He thanked the organizers for choosing such a topic and for initiation and engagement with stakeholders towards taming the corruption monster.

Read Also:

  • Security Forces Nab 2 Suspected ESN/IPOB Terrorists in Enugu
  • 58 Inmates in Kano Sit for 2025 NECO Exams, Thanks to State Government
  • Tinubu conference centre generates N700m in 3 weeks – Wike

“Taming corruption is, therefore, the only way forward for Africa in its quest for economic development, political stability and social progress. Fortunately, the task of taming corruption in the continent is being undertaken by anti-corruption agencies within individual African nations, and through collaboration with a number of international agencies”, he explained.

The African Development Adviser to the Research Centre Tunde Alabi said they chose to have Magu speak about the Nigeria’s efforts toward eradicating corruption because of the milestone achievements the EFCC has recorded under him.

He stated that corruption has become a cancer in Nigeria and it requires the support of all Nigerians especially those in the Diaspora to use their voice and network to put pressure on Nigerian government to build a strong institution that will tackle corruption before it kills Nigeria.

In his reaction, the Director of the Research Center, Queen Mary University of London, Dr. Bakre Owolabi said that if Nigeria succeeds, Africa will succeed. He added “It is the strategic policy of the Centre for African Research, Queen Mary University of London to look for African led solution to African problems”.

“Corruption remains the biggest problem facing Africa. The decision to invite Mr Ibrahim Magu to deliver a lecture at Queen Mary University is due to his record of achievements in office despite the challenges he faces”, Owolabi said.

Tony Orilade
Ag. Head, Media & Publicity

EFCC Arraigns Ex-Kaduna District Head for N7m Fraud

The Economic and Financial Crimes Commission, EFCC has arraigned one John Ma’aji Kwasau before Justice M.T. Tukur of a Kaduna State High Court on a one-count charge bordering on obtaining by false pretence.

Kwasau, who was the District Head of Duste Gaya, Kajuru Local Government Area in Kaduna State, allegedly posed as a heir to the estate of late Honourable M.I. Yakubu.

He had allegedly deceived Nura Muhammad into believing that he had the mandate of the family of the deceased to legally dispose off a landed property on their behalf.

Having duly convinced him about the interest of the family to sell the plot of land, Nura paid him N7 million. However, he later informed Nura that he was yet to secure the authority of the family to sell the plot of land.

Several appeals by his victim to have his money refunded was rebuffed, thus, Nura took his cry to the EFCC.

Count one of the charge reads: “That you, John Ma’aji Kwasau sometime in 2013, in Kajuru, Kaduna State within the Judicial Division of the Honourable Court with intent to defraud, did obtain the sum of N7,000,000 (Seven Million Naira) from Alhaji Nura Muhammad under false pretence that you had the authority of the members of Hon. Yakubu M. Ishaya’s family to dispose off their landed property situated at Mararaba Girku, Nassarawa State, a pretence you knew is false and you thereby committed an offence under Section 1(1) (a) of the Advance Fee Fraud Related Offences Act and punishable under Section 1(3) of the same Act.”

He pleaded “not guilty” when the charges were read to him.

Prosecuting counsel, Esmond Kogi, urged the court to fix a date for commencement of trial.

Defence counsel, A. Maisamari, on his part, moved an application for the bail of his client.

Justice Tukur, thereafter granted the defendant bail in the sum of N1 million and a surety in like sum who must own a property within the Kaduna metropolis with a certified Certificate of Occupancy, C of O.

The case has been adjourned to January 24, 2019 for commencement of trial.

Tony Orilade

Ag. Head, Media & Publicity

23rd November, 2018

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Corruption
  • efcc
  • Magu
Previous articleAdewole Decries Shortage of Doctors in General Hospitals
Next articleNBC Boss, Modibbo Kawu Debunks ICPC Fraud Allegations
Tony Orilade
Tony Orilade
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

Chinese nationals jailed in Lagos

Court Jails Nine Chinese Nationals for Cybercrime in Lagos

ASUU

Tackle Corruption, Institutional Decay – ASUU Charges FG

EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences Kano Make-Up Artist for Naira Abuse

PRNigeria logo fearured image

EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

EFCC Arrests 37 Suspected Internet Fraudsters in Ilorin

EFCC, CCC and the Battle Against Corruption in Nigeria, By Mukhtar Ya’u Madobi

Ola Olukoyede, EFCC Chairman

EFCC’s Anti-Corruption War: Between Media Trial and Intelligence-Driven Operations

Olayiwola Oguntade

Court Sentences Ex JAMB Staff for N10m Fraud in Ibadan

Diezani-Alison-Madueke

Nigeria, US sign MoU to repatriate $53m linked to former oil minister, Diezani

EFCC Sacks 27 Fraudulent Officers for Misconduct

Court Okays EFCC’s Request to Freez 67 Bank Accounts Over Alleged Fraud

Official_JAMB_logo

JAMB, NRC Top ICPC Integrity Ranking

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • Security Forces Nab 2 Suspected ESN/IPOB Terrorists in Enugu
  • 58 Inmates in Kano Sit for 2025 NECO Exams, Thanks to State Government
  • Tinubu conference centre generates N700m in 3 weeks – Wike
  • Police rescue 19 Ghanaians from human traffickers in Oyo
  • Soldiers, forest guards to tackle insecurity in Kwara State
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Security Forces Nab 2 Suspected ESN/IPOB Terrorists in Enugu58 Inmates in Kano Sit for 2025 NECO Exams, Thanks to State GovernmentTinubu conference centre generates N700m in 3 weeks – WikePolice rescue 19 Ghanaians from human traffickers in OyoSoldiers, forest guards to tackle insecurity in Kwara StateAnambra Police Arrest Man with Human Breast; Rescue Abducted Driver, Recover Goods Worth N9.5mPolice Arrest 43 Illegal Immigrants, Human Traffickers, Rescue VictimNDPC Fines MultiChoice ₦766m for Data Protection Breach in NigeriaCustoms Debunks Fake CBT Recruitment Shortlist Circulating OnlineNDLEA Intercepts UK, Saudi-Bond Cocaine Hidden in Lipsticks in Lagos, Arrests Other SuspectsFrom SDP to ADA to ADC: Can the New Opposition Coalition Unseat Tinubu in 2027?IGP Egbetokun Mourns Retired AIG Liman ShettimaNAF Hosts Nationwide Parley to Honour Veterans’ Courage, SacrificeCybercrime Allegation: PRNigeria Petitions Police Against NIPSS Officials‎FACT-CHECK: Was a Man Trapped in Ceiling after Trying to Hack FCMB Bank?
X whatsapp