The Chairman of EFCC Decries Massive Corruption in Nigeria
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, expressed concern over the rampant corruption and looting of public funds in Nigeria. He described the amount of money stolen as alarming and questioned how the country is still functioning under such circumstances. Olukoyede made these remarks during a meeting with the Revenue Mobilisation Allocation and Fiscal Commission.
Olukoyede emphasized that public corruption is the root cause of corruption in Nigeria and called for transparency and accountability in both public and private sectors. He highlighted the need for preventive measures to combat corruption effectively and ensure good governance experiences for Nigerians.
He stressed the importance of policy review and collaboration between agencies like the EFCC and RMAFC to address revenue leakages and enhance capital project execution in the country. Olukoyede and Shehu, the Chairman of RMAFC, discussed ways to work together to recover unremitted government revenues and build capacity in revenue monitoring.
The EFCC is committed to staying ahead of corrupt practices and ensuring a better future for Nigeria through anti-corruption initiatives and preventive measures.