EFCC seeks partnership with regulators

Rahila Lassa, Abuja

Acting Chairman, Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, (left) with Chairman, Fiscal Responsibility Commission, FRC, Victor Muruako,

The acting Chairman, Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has expressed his agency’s readiness to offer the required training to enhance the operations of the Fiscal Responsibility Commission, FRC.

Magu, added that the EFCC had a world-class academy and resource persons to aid the operations of the FRC.

He gave the assurance when he received a delegation led by the Chairman, Fiscal Responsibility Commission Victor Muruako, in his office.

Muruako expressed the need for a partnership with the EFCC in eradicating economic and financial crimes among revenue generating agencies.

According to him, “Fiscal Responsibility Commission always has to force these revenue generating agencies to submit their annual statements of account.  

Also, some of the challenges facing the FRC include low budgetary allocation, office accommodation, remuneration of staff and lack of technical training.’’ 

The FRC boss asked the EFCC to assist in the training of his staff.

‘‘The FRC will appreciate the help of the EFCC in facilitating contacts with donor agencies to assist in carrying out its statutory objectives,’’ he added.

Sub-standard products  

Also, the acting Director-General and Chief Executive Officer, Standards Organisation of Nigeria, SON, Dr. Paul Angya, has sought the assistance of the Economic and Financial Crimes Commission, EFCC, in tackling the problem of sub-standard products in the country.

Angya  stated that the importation of sub-standards products into the country had caused some indigenous companies to fold up.

According to him, ‘‘most people prefer to buy the cheap goods, not knowing they are fake.’’

Speaking during a courtesy call on the acting Chairman of EFCC, Ibrahim Magu,  Angya said: ‘‘it has been on our minds to pay you a visit to solicit for your support, since we took over the leadership of the SON. This is because we believe we should run to you for partnership. We feel that it is better for us to synergize with other sister  agencies that support the fight against corruption  because it is a common fight.’’

Angya , who also stated that the Nigerian economy would get better if there were no sub-standard products either manufactured locally or imported, added that ‘‘we offer consumer protection services to save human lives that would have been lost through fire outbreaks caused by sub-standard cables, sub-standard car tyres, sub-standard food items like tomato paste, among others.’’

He also described the effect of sub-standard goods on the nation as the worst type of corruption ‘‘because it costs people’s lives, health and properties.’’

Responding, Magu, assured the delegation of the Commission’s support, adding that ‘‘I will not hesitate to send one or two of my staff to help you out in your investigation to bring the perpetrators to book.’’