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We Will Recover Public Funds Stolen In Guise Of Arms Procurement – EFCC

The Acting Chairman of Economic and Financial Crimes Commission, Ibrahim Magu has said that the Commission will recover public funds stolen in the guise of arms procurement.
He also said the culprits in the arms scandal would be brought to justice, adding that the commission was on top of the ongoing investigation.
Mr. Magu spoke at the commemoration of the International Anti-corruption Day at the Shehu Musa Yar’Adua Centre, Abuja.
He said corruption is like a chain whose effect impacts various aspects of the society, undermines democracy and the rule of law, distorts markets, erodes quality of life, leads to human rights violations and fans the embers of terrorism and other threats to human security.
The EFCC chairman promised to embark on radical reforms of the agency.
While promising to break the corruption chain in a fair, accountable and transparent manner, Magu sought the cooperation of civil society organizations and other stakeholders in the anti-graft war.
He said the commission had so far investigated 1,881 cases in 2015 alone.
Magu thanked President Muhammadu Buhari for creating an enabling environment for the Commission to fight corruption.
Earlier, the Secretary-General of the United Nations, Mr. Ban Ki-Moon, spoke of the disastrous impacts of corruption on development when funds meant for social amenities are diverted by public office holders for their personal use.
Mr. Ban Ki-moon, who was represented added that corruption could exacerbate violence and insecurity.

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