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More Woes For Osinbajo As Magu Announces Corruption In N-SIP Programme


The acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has claimed there is corruption in the National Social Investment Programme [N-SIP] and Anchor Borrower’s Programme.

The Office of the Vice-President superintends the N-SIP while the Central Bank of Nigeria [CBN] funds the Anchor Borrower’s Programme.

Magu called on civil society organisations to investigate the N-SIP.

The EFCC chief raised the alarm at the 15th Anti-Corruption Situation Room organised by the Human and Environmental Development Agenda in Kaduna on Tuesday.

Vice President Yemi Osinbajo [SAN]
The N-SIP programme was established in 2016 to ensure school feeding for primary school pupils, create jobs for 500,000 jobseekers, carry out conditional cash transfer for traders and the poor and enterprise promotion.

Magu, represented by spokesman for the anti-corruption agency, Wilson Uwujaren, at the event, said, “The crisis in Nigeria today boils down to corruption. The EFCC is doing everything possible to ensure that stolen resources are recovered and returned. Civil society organisations need to play more active role, especially in the National Social Investment Programme.

“Corruption has crept into the implementation of the programme. We want to ensure that we don’t create more crisis from a crisis situation. In the Anchor Borrower’s Programme, there are people who are bagging sand instead of fertiliser.”

Rumours have been going round that Vice President Yemi Osinbajo is sitting on a keg of gun powder as members of the “cabal” are seeking for means to oust him and get him replaced.

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