The truth is that the EFCC has not been that effective. Apart from the MD/CEO of the five banks issue and also the debtors to these banks that they are still prosecuting, nothing much has been done in fighting corruption. It was not really their effort per se that led to those cases. It was the Central Bank of Nigeria (CBN). What I think of the EFCC is that it prepares charges and takes the people into custody.

But after granting them bail, that is the end. One cannot really say that the EFCC has been able to prosecute any high-profile political/economic matter effectively to send jitters into the hearts of Nigerians. The only person you could say they have been able to prosecute successfully is the former chairman of the Peoples Democratic Party (PDP) Southwest, Bode George. But even those charges were quite straightforward, so they’ve not really done much in terms of trying to fight corruption. I think even the EFCC officials themselves are gradually becoming victims of what they are constitutionally set up to fight. Nigerians are highly corrupt, so EFCC has to be determined or else they will not achieve anything. EFCC has not shown enough determination and seriousness.

It can’t fight corruption from the pages of newspapers alone. And corruption is not only about those who owe banks. It consists of a lot such as economic sabotage; we don’t have electricity in Nigeria despite the policies of government. Who are those responsible? One individual controls a particular commodity, product and therein preventing competition so the person dictates the price etc.  This is corruption too. Those who frustrate government policies from working are all part of corruption. Sources of wealth need to be investigated and where in doubt such people should be made to be answerable. A man comes from obscurity without any meaningful means of livelihood and he spends over N500 million to contest a senatorial seat; he should be investigated.

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