The Chairman of the Economic and Financial Crimes Commission, EFCC, Mr Ibrahim Magu has declared that the agency will recover all public funds stolen under the guise of arms procurement.
Speaking at the commemoration of the International Anti-corruption Day at the Shehu Musa Yar’Adua Centre, Abuja yesterday, Magu lamented the negative effects of corruption on the country .
‘‘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.
“I am sure that many of you would have read in the newspapers stories about the Commission’s on-going investigation into the arms procurement scandal.
“I can assure you that the Commission is on top of that investigation. We will spare no effort to ensure that we recover every kobo of public funds that have been stolen in the guise of arms procurement,” he said.
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