The Acting Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has decried the scourge of corruption in Africa, stating that the country loses over N50billion annually to illicit cash flows. Magu made this known on July 11, 2019, in Uyo, Akwa Ibom State at the commemoration of the African Anti-corruption Day, with the theme, “Towards a Common African Position on Asset Recovery”. Magu, who was represented by Garba Dugum, Head, Uyo Zonal Office, said the height of corruption in Africa, informed the choice of July 11 every year as the African Anti-corruption Day, by the African Union. “More than $50billion is being stolen from African continent annually. Most of these monies go on acquiring assets all over the world and we should know that tracing these assets and eventual repatriation of these assets is very difficult for a country. That is why the African nations decided to come together to fight for a cause”, Magu said.
The Federal High Court in Abuja dismissed the case against individuals charged in connection with…
The member representing Oju/Obi Federal Constituency and Deputy Chairman of the House Committee on Army,…
The Sokoto State Government has raised alarms about the emergence of a new terrorist group…
The Federal Ministry of Education has formally addressed the suspension of Prof. Innocent A.O. Ujah…
Residents of Ukwonyo community in the Ufia axis of Ado Local Government Area, Benue State,…
The Governing Council of the Federal University of Health Sciences, Otukpo, has explained why it…