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EFCC, NEITI agree to tackle Corruption

in the Extractive Industry

Abdulrasheed Bawa, Executive Chairman of the Economic and Financial Crimes Commission (EFCC), reiterated the Commission’s resolve to sanitize and deal with fraud-related issues in the extractive industries.

This was stated by the EFCC boss on Wednesday, July 28, 2021, during the signing of a Memorandum of Understanding (MoU), between the EFCC and the Nigeria Extractive Industries Transparency Initiative, NEITI, led by its Executive Secretary, Dr. Orji Ogbonnaya Orji, at the Commission’s Headquarters in Jabi, Abuja.

The EFCC chief promised to use the Commission’s Extractive Industry Fraud Section to deal with extractive industry issues and to clean up the sector. “I want to assure you that we will deal head-on with all of the issues that your report will raise, as well as all of the issues that we are seeing on our own in the extractive industries, both oil and gas and solid minerals”

“The Memorandum of Understanding is very clear regarding your expectation and our expectation, and I want to assure you that in addition to other issues of training and all of that, we will do our best and ensure that the industry is sanitized for the betterment of this country,” he said.

“The EFCC believes that if we can stop the leakages, this country will not need to borrow a single cent from any other country to finance our budget, which is why we are interested in this MoU and why we are eager to see the extractive industries sanitized for the betterment of this country.”

In his remarks, NEITI’s Executive Secretary, Or Orji Ogbonnaya Orji, stated that with the Moo, NEITI, which has no enforcement powers, will be able to leverage the EFCC’s powers to “bark and bite.”
“We are here because the EFCC and NEITI are in this together, to rescue our country from indiscipline, malfeasance, and mismanagement of public resources; to work with the EFCC to seek avenues to channel our people’s minds to living legitimate lives and adding content and public value to whatever assignment they have been given for the benefit of our citizens,” he explained.

“We are very grateful that you have offered us support, and we will relate with mutual respect as two sister agencies, and timely exchange of information and data will be very useful in this relationship,” the NEITI boss said.

“As an agency, we believe in the work that the EFCC is doing, and we are very proud of the courage and excellence that this institution has demonstrated in the face of all kinds of challenges, and we will continue to encourage men and women of goodwill, fellow Nigerians who work here, that you are on the right track and have an ally in NEITI.”

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