The Chairman of Economic and Financial Crimes Commission ,Ibrahim Magu has vowed to prosecute the war on corruption to the end,ruling out any possibility of sparing anyone irrespective of status or party affiliation as long as a financial crime was committed.
“There is no sacred cow as far as this fight against corruption is concerned. We will go after anybody who has committed an offence. We will collect the money back, so that it will go back to the treasury and be used for the original purposes.
“I don’t care whether you’re black or white or you come from party A or Party B; the moment it can be established that you have stolen from the public treasury, we will go after you. Even right here [in EFCC], if we discover that you’re corrupt, we will kick you out. And we are already doing that. So we don’t go after innocent people. We are going after the thieves of state resources.
The Chairman decried the use of private banking as a window for politicians to launder huge sum of public funds,expressing serious concern over the role played by the Nigerian banks and their MDs
“We had a discussion with the governor of the Central Bank of Nigeria and I insisted that this so-called private banking should be stopped. It is illegal. It is wrong.
“We are not only going after the personnel of the banks but also after the banks. What happens is that when a staff of the bank is involved in such activities, what the bank does is to take the person out of the system through dismissal. But now, we are going to go after the banks and the personnel used to perpetrate the fraud. It takes two to tango. In fact, very soon you will see us going after the Managing Directors of the banks. We don’t care what happens because the right thing has to be done. These people have given a lot of room for the money laundering activities to thrive. They were used to hide all the stolen money.
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