- The APC has said the probe of Ibrahim Magu is evidence that corrupt officials cannot escape prosecution under the Buhari administration
- The spokesperson for the APC, Yekini Nabena, said the Buhari-led administration has shown that nobody is above the law
- Nabena said the PDP made wrong practices to become official during its 16-year tenure
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The All Progressives Congress (APC) has said the probe of Ibrahim Magu, the suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), is evidence that corrupt officials cannot escape prosecution under the Buhari administration.
The spokesperson for the APC, Yekini Nabena, in a statement issued late Sunday night, July 12, said the Buhari-led administration has shown that nobody is above the law, Premium Times reported.
The ruling party dismissed the claim by the Peoples Democratic Party (PDP) that Magu was being with hunted for attempting to expose the corruption by cabals in the administration.
The APC alleged that PDP is the founder of corruption in Nigeria. It said the opposition party made wrong practices official during its 16-year tenure.
The party maintained that the current administration is being led by an incorruptible personality, in the person of President Muhammadu Buhari.
Meanwhile, as Nigeria faces a turbulent time in the fight against corruption, the Society for Forensic Accountants and Fraud Prevention (SFAFP) has disclosed that about N2.5 trillion is being lost to fraud on a yearly basis.
The forensic body made this known through its chairman, Iliyasu Gashinbaki, who spoke during a virtual induction of 192 associates on Saturday, July 12.
According to SFAFP, about 25% of annual budgets are being lost to various notorious schemes in the government
The body listed 10 most common schemes through which public officers unlawfully use public assets for private advances. They are: underpayment of taxes and duties on export as well as import, fraud and embezzlement; payment of salary to ghost workers; bribery and extortion; payment for air supply (goods or services not provided or rendered); over and under-invoicing; fraudulent court awards of financial compensations above damage suffered.
SFAFP said some of the fraud a being carried out on a yearly basis through various bribery and extortion channels. Source: UGC SFAFP vowed to help the government of the country to fight corruption and unravel the fraud executed in government by providing technical support for both public and private sectors.
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Buhari suspends Magu as EFCC boss, Nigerians react | Legit TV