Contracts, procurement frauds cost Nigeria N2.9trn in 3 years — Olukoyede, new EFCC boss

The Senate yesterday confirmed Ola Olukoyede as the chairman of the Economic and Financial Crimes Commission, EFCC.

The confirmation of both men followed their screening by the upper chamber, about a week after they were appointed by President Bola Tinubu.

While appealing for support from all and sundry, he said: “For Nigeria to earn a reputation for transparency and accountability, there must be a collective decision that, indeed, corruption must be eliminated. According to him, there is no better time than now for all anti-graft agencies to shun rivalries and focus on preventing crime more than enforcement.

“Everyone wants to live a luxurious life and the incentives are all over the places. I will do more in the areas of blocking the leakages. We spend more money fighting corruption when we could have spent less to prevent it. “If I don’t steal money, can I buy a car after I have worked for five years? If I don’t steal money, can I put a three room bungalow in place after I had worked for 20 years? An average Nigerian does not own a home, when he has the opportunity, he will steal. Even if he did not have the opportunity he will create one.

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