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Banks creating enabling environment for looting would face trial soon – EFCC

EFCC Chairman Ibrahim Magu

Ibrahim Magu, the Chairman of the Economic and Financial Crimes Commission (EFCC), in a recent statement while speaking to journalists in Lagos, noted that the anti-graft is investigating a sum of $15.5million which Mrs. Dame Patience Jonathan, the wife of former President Goodluck Jonathan, is claiming belongs to her.

 “We are on it (Patience’s $15,591,700). You see, we work for the long-term. We must complete our preliminary investigations before we come out. We will not spare anybody. We cannot protect anyone from answering to the people. He said

“Determination is key. I believe we will go a long way. Our tomorrow is better than our today.” He added

Mr. Magu added that Banks which allegedly helped in concealing stolen money in the country would also face trial soon. According to him, it was unfortunate that some banks created enabling environment for looting.

“The banking sector is creating a fertile ground for corruption. It was as if the banks told the looters, go and steal and I will hide it for you. This must stop. We will zoom in on the banks. We need to stop them from creating an enabling environment for corruption to thrive,” he said.

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