Magu Says EFCC Is Investigating Buhari's Administration

The Acting Chairman of the Economic and Financial Crime Commission, Ibrahim Magu, said on Tuesday that the EFCC was investigating some officers of the current administration under President Muhammadu Buhari.

Magu said this had become possible because the governing All Progressives Congress, under Buhari, had the political will to fight corruption in the country.

Also, Magu said the President had given an order to investigate any Nigerian, no matter how highly-placed.

The EFCC chairman said this when he paid a courtesy visit to the National Union of Textiles and Garment Tailoring Workers of Nigeria in Kaduna.

He said the operations of the anti-graft commission were not selective in their fight against graft as being insinuated in some quarters.

Magus added, “We have cause to investigate, and in fact, we are investigating even those that are in government without them knowing.

“The President has given me the mandate to investigate every Nigerian, irrespective of his political affiliation.

“The fight against corruption is designed and structured to boost confidence in the economy as well as to attract investors both within and outside the country.”

Earlier, the General Secretary of the Textiles Workers Union, Alhaji Issa Aremu, had said the fight against corruption should not be left to the EFCC and the ICPC alone.

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7 of President Buhari's Actions that Led Nigeria into Economic Recession

This is a Nigerian's personal opinion about certain actions taken by the All Progressives Congress national party leader, President Muhammadu Buhari which have worsened the Nigerian economy.

President Muhammadu Buhari

 

This piece written on a popular online forum by a Nigerian with the moniker, 'JustCash' has become an object of intense debate online. The writer undertakes some explanations of the actions and inactions of the President that have ushered Nigeria into the current recession.

 

Read the interesting piece:

 

1) Sudden Implementation of Treasury Single Account (TSA) - This policy threw the banking and financial sector into turmoil as huge sums were swept out of banks and dormantly stashed into a preferred safe.

2) Tightening of Foreign Exchange Transactions - This policy made it difficult to make foreign exchange, and threw thriving businesses into turmoil which led to massive sacking of workers and manufacturing slowdown.

3) Unguarded Utterances During Foreign Trips - The president made several unguarded utterances that gave the impression that Nigeria was headed for the rocks. This made foreign investors hesitant about coming into Nigeria, and encouraged those that were already in Nigeria to speculate and pull out funds.

4) Halting of Important Projects in the Niger Delta - Buhari moved to remove majority of the projects that were created to provide tangible benefits to Niger-Deltans. For example, the Maritime University and Pipeline protection projects. Though, some of these projects were condemned by Nigerians, they kept the Niger-Delta at peace and allowed for the maximization of the benefits from petroleum exports.

5) Buhari's Northern Developmental Focus in Nigeria - The developmental aim of the president is very much skewed towards Northern Nigeria than every other part. So, he is more like kick starting a new economic focus, while dumping existing economic strengths. For example, he is devoting billions of dollars to search for petroleum in the North when Nigeria does not have functional refineries to ensure adequate availability of petroleum products that are already being produced in the South.

6) Elimination of All the Policies Made by PDP - it is on record that even though PDP led governments were corrupt, they made some major strides in diversifying Nigeria's economy. For example, Agricultural export came to life under PDP. Buhari has focused on bedeviling and antagonizing every single policy made by the PDP. In the process, he has thrown out good policies and progress that were made in the past. He is almost starting afresh, and this has rebooted Nigeria and thrown us years backwards.

7) Preference for Violence over Dialogue- Buhari prefers to use military force to quell civil strife. This approach ignites more protests and civil disobedience. An economy cannot experience progress in violent conditions. Even Lagos and Ogun axis has experienced an open show of military bombardment, which scares a heck out of investors. The same is true about the production shut ins in the Niger Delta region. Some of these issues can be solved with dialogue and with police actions than full scale military assaults

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10 Things that Would Have Happened if Mark Zuckerberg Visited Nigeria During Goodluck Jonathan Adminstration

This is a hilarious piece about the recent visit of Facebook billionaire founder, Mark Zuckerberg to Nigeria to introduce the Facebook proposed internet programme. Mark Zuckerberg A Nigerian writer, Destiny Young has mocked the former administration of former President Goodluck Ebele Jonathan on the steps the leadership could have taken had Mark Zuckerberg visited Nigeria during his tenure in office. Read the hilarious piece below: 1. The presidency will set up a committee to welcome him. 2. The national assembly joint committee on information technology will also be at the airports to welcome him. 3. There will be traffic everywhere both in Lagos and in FCT. 4. He will be heavily guarded by soldiers, police and DSS. 5. Youths will wear t-shirts with his images, Women will also tie wrapper bearing his images. 6. Pages of newspapers as well as national TV will have facilitation messages welcoming him. 7. Public holiday Will be declared to welcome him properly. 8. #2.1 billion will be released by Dasuki, on order of the presidency, to various groups for logistics and feeding during the visit. 9. Gov. Akpabio (the uncommon transformer) will lobby to have him in Akwa Ibom state. 10. In Akwa ibom, the following will take place; (a) A visit to the tropicana (b) A visit to e-library (c) A visit to underground pipe-jacking drainage (with electricity generating turbine) first in sub-sahara Africa. (d) A reception ceremony at the state banquet hall later in the evening. (e) At the reception, he will be entertained to jokes by SirJames, Basket mouth, Klink de drunk, Elenu, Brass band 999 mass choir will not be left out…….etc. (f) ……and first class private jet will be hiredby the state govt. to fly Mark back to Abuja. Mark, sorry you came late. lol…

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