MAGU & EFCC

We seem to be rigmaroling round the circle in this country. A country of such shortcomings or besets will never attend any macroeconomic goals set before her.
A delicate Job like EFCC should not be found wanted because its core objective is to fight economic crimes geared by money laundering holistically, to the barest minimum; which has rather hindered our national development and consigned us to the status of the "Third world country" and "Poverty capital of the world" caused mainly by bad governance, found among the public office holders, bereft of accountability and transparency.
It was in this light, the Economic and Financial Crimes Commission(EFCC) was established in 2003.

The EFFC is empowered to prevent, investigate, prosecute and penalise economic and financial crimes and is charged with the responsibility of enforcing the provisions of other laws and regulations relating to economic and financial crimes, including:

Economic and Financial Crimes commision Establishment act (2004)
The Money Laundering Act 1995
The Money Laundering (Prohibition) act 2004
The Advance Fee Fraud and Other Fraud Related Offences Act 1995
The Failed Banks (Recovery of Debts) and Financial Malpractices in Banks Act 1994
The Banks and other Financial Institutions Act 1991; and
Miscellaneous Offences Act.

If it happens that the EFCC boss, Ibrahim Magu, is involved in economic crimes of any magnitude, he has simply passed a proverbial message to millions of Nigerians that, "it's big name ascribed to a small dog, that kills the dog before its time"
The big name here, implies, the position or office of the EFFC, and the small dog here implies, the public office holder of such office.

I really don't want to believe Ibrahim Magu is involved in any economic related crime offences, if not, it would have spelt a doom for him and also in fulfillment of that prophesy sang by a popular Nigerian Artist, 2face:
"One day bush meat go catch the hunter".

Sunnyflex Chibuike
Economic Analyst.