AIG Ibrahim Magu| Photo Source: The Guardian
Magu while speaking during the conferment of a doctoral fellow on him by the General Yakubu Gowon-led think tank, Institute for Governance and Leadership Studies in Africa (IGLSA), at the African University of Science & Technology Abuja said "corruption is pervasive and for an agency to tackle this monster headlong, all hands must be on deck."
“With the benefit of hindsight and having been at the helm of affairs of the foremost anti-graft agency in Nigeria, I wish to state that fighting corruption is not an easy task. It is a patriotic and selfless service to one’s fatherland.
“I wish to state with a high sense of responsibility that the fight against corruption must be pursued with vigour as corruption remains the impediment against our collective progress as a nation. I urge the government to persevere in the relentless fight against corruption, as a corruption-free nation is the bedrock for sustainable economic growth and positive development. Let us work hand in hand to break free from the vicious grip of corruption and pave the way for a brighter future for Nigeria.
“Nigeria is blessed with an abundance of human and natural resources. As a matter of fact, our solid minerals in all the 36 states can fetch the country enough revenue to sustain governance and provide basic amenities for all Nigerians.”
Continuing amid loud ovation, Magu further added: “There is a need to encourage Nigerians in the Diaspora to return home and invest, because the government offers incentives that will encourage a conducive business environment. This development will create economic boost and reduce the incidence of unemployment and curb youth restiveness and JAPA syndrome.
“As our nation adapts to this new reality, emphasizing infrastructure development becomes fundamental to our economic growth. Investments in key sectors like transportation, energy, and telecommunications not only enhance internal connectivity but also boost Nigeria’s appeal for foreign investments. This contributes to a more resilient and diversified economy, generating employment and fostering sustainable development.
“Creating a conducive business environment is crucial for any economic prosperity. So, we must simplify bureaucratic processes, by promoting ease of doing business and supporting small and medium-sized enterprises (SMEs) to empower local businesses. This will encourage entrepreneurship, innovation, and technology.
“A secure environment is vital for sustained economic growth. Strengthening law enforcement, enhancing intelligence gathering, and promoting community policing are essential in addressing security challenges.”
Recall that Former President Muhammadu Buhari had, July 10, 2020, approved the suspension of Magu as the acting EFCC chairman.
This followed the allegation of corruption against him by then Attorney-General of the Federation and Minister of Justice Abubakar Malami (SAN).