A govt that pays its way into power will loot – EFCC boss, Magu

The acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu has described electoral corruption as the worst form as it undermines the will of the people and invests power in illegitimate hands.

According to Magu, a government that pays its way into power is hardly expected to be accountable as its priority upon assumption of office would be how to recoup its investment.

“That is the open sesame to corruption in public life, a phenomenon that has held us down as a nation”, he said.

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Magu, who spoke through the Secretary of the Commission, Ola Olukoyede at the National Policy Dialogue on Eradicating Electoral Corruption (Vote-Buying) at the Anti-Corruption Academy of Nigeria on Tuesday, described the timing of the dialogue as apt.

He said the dialogue was critical to “our collective aspiration to clean up the institutions and process of election management for the good governance of our nation”.

He said: “It was in appreciation of the damage, which the incidence of vote buying does to the integrity of our electoral processes that we resolved to play a more active role in stemming the practice in the just concluded general election.

“The EFCC’s intervention was moderated by our understanding of the pattern of vote buying in the elections that were held in two states, Ekiti and Osun states, in 2018.

“To stem the ugly practice, the Commission decided to employ a combination of preventive and enforcement strategies.

“Before the political actors became aware that the commission had become unusually interested in the electoral processes, the EFFC held sensitization meetings with critical stakeholders in the financial sector, impressing on them the need not to lend their institutions to be used as vehicles to subvert the will of the people.

“Some of the stakeholders included bankers and Bureau De Change Operators.”

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