Close Menu
    Facebook X (Twitter) Instagram YouTube
    Advertise with us Monday, June 16
    Facebook X (Twitter) Instagram
    Platform TimesPlatform Times
    VIDEOS
    • Home
    • News
    • Metro
    • Politics
    • Business
    • Education
    • Health
    • Special Reports
    • Entertainment
    • Sports
    • Interview
    Platform TimesPlatform Times
    • Home
    • News
    • Metro
    • Politics
    • Business
    • Education
    • Health
    • Special Reports
    • Entertainment
    • Sports
    • Interview
    Home»Featured

    Corruption: If Nigerians Saw Some Case Files They Would Weep, Says EFCC Chairman

    Platform Times NewspaperBy Platform Times NewspaperJuly 3, 2024 Featured No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Daud Olatunji

    The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has raised the alarm over the staggering extent of corruption in Nigeria, revealing that if Nigerians were to see some case files, they would be moved to tears by the magnitude of the theft.

    Speaking on Tuesday, Olukoyede highlighted the severity of the issue during a meeting with the management team of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), led by its Chairman, Mohammed Shehu. 

    According to a statement released by the EFCC’s Head of Media and Publicity, Dele Oyewale, Olukoyede shared his dismay over the enormous sums stolen, which cast doubt on how the country manages to survive under such circumstances.

    “When I look at some case files and see the humongous amount of money stolen, I wonder how we are still surviving.

    “ If you see some case files, you will weep. The way they move unspent budget allocation to private accounts in commercial banks before midnight at the end of a budget cycle, you will wonder what kind of spirit drives us as Nigerians,” he said.

    Olukoyede stated  that public sector corruption is the most significant contributor to Nigeria’s woes.

     He insisted that eliminating corruption in public offices would significantly improve the nation’s prospects, making it more competitive globally.

     “A situation where somebody would hold a public office or position of trust for years and you call him to account and he says no, he would not account, is not acceptable,” he declared.

    Highlighting the need for transparency and accountability, Olukoyede stressed that both public and private sectors must adopt these principles to ensure the country’s optimal development.

     He expressed optimism about the EFCC’s preventive mechanisms under his leadership, aimed at staying ahead of corrupt practices and ensuring better governance for Nigerians.

    “He insisted that the preventive framework of tackling corruption offers more prospects of results and impact. 

    To this end, the EFCC now has a Department of Fraud Risk and Assessment and Control,” the statement read.

    Olukoyede also called for a critical examination of Nigeria’s revenue generation system, pointing out that it currently allows for significant leakages in the mobilisation and appropriation of funds.

     He advocated  a policy review to address these issues, suggesting that if even half of Nigeria’s capital projects were executed properly, the country would fare much better.

    In response, RMAFC Chairman Mohammed Shehu praised the ongoing collaboration between the two agencies. He emphasized the importance of their partnership in tackling the issue of unremitted government revenues.

     “It is important to bring to the fore that the collaboration between RMAFC and EFCC is crucial in addressing the challenges of unremitted revenue to the Federation Account. 

    On this note, we are calling on EFCC for more collaboration, not only in the area of enforcement but also intelligence gathering and data sharing as regards government revenue from any source,” Shehu said.

    Shehu also appealed to the EFCC to assist in enhancing the capacity of RMAFC staff on revenue monitoring, underlining the need for continued cooperation to curb financial malpractices and recover lost government revenues.

    Pelican Valley'
    Cattle Bizness Network'
    The Rehla'
    Pelican Valley'

    Do you want to share a story with us? Do you want to advertise with us? Do you need publicity for a product, service, or event? Contact us on WhatsApp +2348183319097 Email: platformtimes@gmail.com

    We are committed to impactful investigative journalism for human interest and social justice. Your donation will help us tell more stories. Kindly donate any amount HERE

    Pelican Valley
    Platform Times Newspaper
    • Website

    Platform Times is a trailblazing news website that empowers grassroots communities across Africa by delivering the latest news through engaging multimedia content. By leveraging photos, text, and videos, the site inspires concerned citizens and activists worldwide to take action against critical issues, including corruption, poverty, environmental degradation, and democratic disregard.

    Keep Reading

    NARD Condemns Benue Killings, Raises Alarm Over Collapsing Health System

    Trump Lists Nigeria, 35 Other Countries in Proposed US Travel Ban Expansion

    Outrage As Wanted Bandit Leader Ado Aleru Attends Peace Meeting In Katsina

    Masquerades Invade Mosque in Ondo, Assault Imam’s Family — MURIC Demands Justice

    FIRS Raises Corporate Tax Threshold To N50m

    Benue Bloodbath: 40 Killed in One House, Resident Loses 15 Family Members 

    Add A Comment

    Comments are closed.

    The Rehla
    The Rehla
    The Rehla
    Pelican Valley
    Pelican Valley
    Pelican Valley
    Advertisement
    Advertisement
    Advertisement
    Advertisement
    Cattle Bizness Network
    Cattle Bizness Network
    Cattle Bizness Network
    Pelican Valley
    Pelican Valley
    Pelican Valley

    Platform Times is a trailblazing news website that empowers grassroots communities across Africa by delivering the latest news through engaging multimedia content. By leveraging photos, text, and videos, the site inspires concerned citizens and activists worldwide to take action against critical issues, including corruption, poverty, environmental degradation, and democratic disregard.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube
    • About Us
    • Advertise
    • Contact Us
    • Disclaimer
    • Download Platform Times app

    Subscribe to Updates

    Get the latest update news

    Facebook X (Twitter) Instagram Pinterest
    • About Us
    • Advertise
    • Contact Us
    • Disclaimer
    • Download Platform Times app
    © 2025, All Rights Reserved | Platform Times Newspaper | Powered By CyberWarrior

    Type above and press Enter to search. Press Esc to cancel.