Nigeria Lost N2.9trn To Contract, Procurement Fraud In 3 Years — EFCC Chairman

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The newly appointed chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has revealed that Nigeria lost N2.9trillion to contract

Olukoyede made the revelation while fielding questions from Senators during his screening for confirmation of his nomination as EFCC chairman in the Senate Committee of the Whole on Wednesday.According to the protesters, who also submitted a protest letter to the Senate President Godswill Akpabio, they claimed that the newly appointed EFCC chairman was not qualified based on the law establishing EFCC.

The new EFCC boss, however, said that for corruption to be eliminated in the country, there must be a collective decision and collaborative actions by relevant agencies and individuals in positions of authority. Olukoyede stressed that the EFCC under his watch would not hesitate to prosecute any Nigerian irrespective of their socio-political status, including the President of the Senate, Godswill Akpabio.

He also explained that the Commission under his watch would avoid dublication of roles with the Independent Corrupt Practices and Other Related Offences Commission in other to save the country unecessary deployment of funds by the two anti-graft agencies for the same purpose. He said: “The problem we have is just like the proverbial monkey that was locked up in a cage with a bunch of ripe banana. The owner stand outside with a cane. The monkey would either eat the bananas, got beaten and be alive, or allow the bananas to get rotten and die of hunger.“Everyone wants to live a luxurious life and the incentives are all over the places. I will do more in the areas of blocking the leakages.

“The Senate can work on that very seriously. If we make the administration of criminal justice system really work, you will see the great work the anti-corruption agencies are doing.”

 

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