Ibrahim Magu, EFCC boss: His organsation
has been arresting and arraigning alleged
Much of the funds were allegedly looted in
the administration of former President
Goodluck Jonathan and the Economic and
Financial Crimes Commission (EFCC) has
been going after such suspects, arresting
and arraigning some of them while
Speaking at the 34th Cambridge University
International Symposium on Economic
Crime in the United Kingdom, Amaechi
said: “Our president has stopped at nothing
to demonstrate that whosoever is caught in
corruption related crimes will not be
“In his days as military head of state and
through other positions he has held in
public life, he has upheld a life of integrity.
Amaechi says Buhari’s administration has
made over N3 trillion from looters
“He is a typical example of how a leader
can inspire committed followership through
the force of example.
“As someone who has been in active politics
for more than 30 years, I have learnt that
many well-intended reforms are possible
only if the leader can offer the requisite
leadership and muster the right political
“In my country, since our President,
Muhammadu Buhari, was elected, he did
not leave anyone in doubt that the fight
against corruption will not only be taken
seriously, but will form a cardinal plank of
his policy direction.”
“So far, he has made several
pronouncements that set the tone of his
commitment to strengthening anti-
corruption agencies to go after anyone who
has questions to answer.
“The president’s resolve was enough signal
to all of us, members of his cabinet and the
citizenry, that an end has come for the old
ways of doing things.
“Currently, many people who have been
indicted in one form of corrupt practice or
another are being prosecuted in our courts.
That, I believe is the way to show
leadership and take responsibility,” he said.
Lai Mohammed declared a different figure
The former governor of Rivers state added:
“Another important factor is what I refer to
as the force of example. There is very little
any leader can achieve if he talks the right
political talk without offering personal
“In these days of internet and social media
revolution, citizens often spend time to
scrutinize the reputation and activities of
any leader to find out if they are consistent
with what he or she stands for in the
He said leaders must practise what they
preach if they expect to be taken seriously
both by those within their organisations,
state, country or outside.
He said: “They should be held accountable.
Leadership is expected to do three simple
things, perhaps four: upholding the primacy
of leadership and political will, insisting on
the force of example, enforcing the
urgency of incentives and the necessity of
sanctions and finally by leveraging on the
power of partnership.”
However, the figure declared by Amaechi is
different from that of Lai Mohammed, the
minister of information, who recently
revealed that the federal
government recovered about N78 billion,
and $3 million from alleged looters since
the inauguration of Muhammadu Buhari.
Mohammed had stated that these funds
cannot rescue Nigeria’s economy as they
are a far cry from what the country needs
to revive the economy.