Banks creating fertile ground for corruption, says Magu

The Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has said the agency is investigating a sum of $15,591,700, which Patience, wife of former President Goodluck Jonathan, claimed belongs to her.

Magu said this in Lagos on Tuesday while fielding questions from journalists after an interactive session with the commission’s external lawyers and civil society organisations.

The EFCC chairman added that some banks in the country which allegedly helped in concealing stolen money in the country would soon face trial by the commission.

“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.

“Determination is key. I believe we will go a long way. Our tomorrow is better than our today.”http://punchng.com/banks-creating-fertile-ground-corruption-says-magu/