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Banking sector in Nigeria is fertile ground for corruption – Magu

Acting Chairman of anti-graft agency EFCC Ibrahim Magu on Tuesday stated that banking sector in the country is creating fertile ground for corruption.

Acting Chairman of Economic and Financial Crimes Commission, Ibrahim Magu on Tuesday stated that banking sector in the country is creating fertile ground for corruption.

The EFCC Boss while responding to question also informed that the Wife of former President, Goodluck Jonathan Patience is currently under investigation.‎

“We are on it (Patience’s $15,591,700). 

“You see, we work for the long-term. We must complete our preliminary investigations before we come out. 

“We will not spare anybody. We cannot protect anyone form answering to the people.

“Determination is key. I believe we will go a long way. Our tomorrow is better than our today.”

Magu said banks and their officials who helped in stealing public funds would soon face trial.

He added that it was unfortunate that some banks created an enabling environment for looting.

“The banking sector is creating a fertile ground for corruption. 

“It was as if the banks told the looters, go and steal and I will hide it for you. 

“This must stop. We will zoom in on the banks. 

“We need to stop them from creating an enabling environment for corruption to thrive,” he added.

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