Magu to Nigerians in diaspora: I’m working tooth and nail to protect your businesses at home from fraudsters

Although we are headquartered in Washington D.C. USA, our reporters and editors are working around the globe to cover what you care about. We invite you to donate to our fundraiser to help us keep our quality news free and available for all.

The Acting Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ibrahim Magu has assured Nigerians in the diaspora of business protection at home, stressing that local fraudsters frustrating diasporans from investing in Nigeria would henceforth be dealt with.  

Magu spoke on Saturday, May 22, 2020 during a Virtual Town Hall Meeting, an interaction with Nigerians in Diaspora, anchored in London by the Host/Moderator of the group, Prince Ade Omole

According to him, the EFCC is aware of the frustration, uncertainties and risks,  local fraudsters are posing to credible businessmen and women abroad,  who wish to invest in the Nigerian economy. ” The EFCC is ready to offer intelligence services to anyone seeking genuine business partners in Nigeria”, he said. 

[read_more id="2" more="Read full article" less="Read less"]

Explaining further, the EFCC’s boss said that, ” profiles of potential business partners in Nigeria would be obtained and delivered to the foreign- based investors and this would assist them in taking decisions on whom to partner with locally. We can also offer intelligence on any line of business desired by the Nigerian in the diaspora. We are ready to do all these to encourage credible and serious investors who do not want to be defrauded by fraudsters at home”.  

Magu charged Nigerians in the diaspora to avail themselves of these opportunities and bring more investments into the local economy. He also tasked them to support the anti- graft war, by exposing foreign assets of local politicians by taking advantage of the government’s whistle- blowing policy. ” The EFCC needs collaborative engagements with you all”, he said. 

He wants diasporans to put more pressure on authorities and governments in their countries of residence to prosecute corrupt Nigerians hiding in their domain. He expressed displeasure over the continued difficulties being faced by the EFCC to bring former Minister of Petroleum Resources, Diezani Allison- Madueke to trial, stressing that Nigerians in the United Kingdom should form pressure groups to demand her trial.  

” Nigerians in the United Kingdom need to collaborate with the EFCC more and pressure the authorities there to assist the EFCC in bringing Diezani to trial. Does it not bother Nigerians in that country that Diezani has not been brought to trial for the heinous allegations of corruption against her in Nigeria? The public ownership of the fight against corruption should not be limited to Nigerians at home, we must all come forward, wherever we are,  to insist that corrupt practices must not continue”, he said. 

He gave accounts of the painstaking works of the EFCC in the areas of convictions and recoveries and assured them, that the Commission is on course in the pursuit of its assigned mandate. ” We are on course. In 2020 alone, in spite of the Covid- 19 pandemic, we have secured 213 convictions already. This shows the commitment we are putting into the work”, he said. 

In response, participants at the Conference, numbering over 500, drawn from Europe, Asia, Africa, South and North America and other parts of the world, commended the EFCC for its robust and gallant fights against economic and financial crimes. One of the conferees, Professor Adebisi Adewole of the University of Scotland, commended Magu and the EFCC for working tirelessly to rid Nigeria of corrupt practices. He charged the EFCC to continue on its winning streaks and mobilised youths to steer clear of economic crimes. 

Another conferee, Ambassador Lekan Idowu from Russia, expressed satisfaction with the performance of Magu and the EFCC, saying that Nigerians in the diaspora would not relent in its support for the EFCC.  


TODAY NEWS AFRICAhttps://todaynewsafrica.com
TODAY NEWS AFRICA is registered and headquartered in Washington, District of Columbia, United States of America. Our publication is widely read, respected and influential. By providing daily answers to questions our readers have about the people, the businesses and the continent of Africa, we are reaching a diverse and wide audience from around the world. Our readers, many of them world leaders, trust us because we are independent and truthful. Our advertisers understand the difference between news, views and ads. Contact us: contactus@todaynewsafrica.com


Please enter your comment!
Please enter your name here

Trending Now



WHO says only $35 billion needed to end acute phase of COVID-19 in the world

The World Health Organization (WHO) says $35 billion is needed to end the acute phase of COVID-19 pandemic in the world...

After first recognizing only the richest Nigerian on Time list of 100 most influential people in 2020, Buhari finally congratulates polio eradication champion Dr. Tunji Funsho

After first recognizing only the richest Nigerian on Time list of 100 most influential people in 2020, President Muhammadu Buhari on...

Nigerian President Muhammadu Buhari says he’s okay with money politics and vote buying

Nigerian President Muhammadu Buhari said on Friday he is okay with money politics and vote buying but against election violence.

Rights group calls for “urgent changes” ahead of October presidential vote in Guinea

A human rights organization on Friday called for "urgent changes" ahead of October presidential vote in Guinea, citing legislative elections and...

WHO says social and environmental factors behind Africa’s low COVID-19 cases

COVID-19 transmission in Africa has been marked by relatively fewer infections, which have been on the decline over the past two...


Damning report finds detainees in Iran were sexually abused and given electric shocks in gruesome post-protest crackdown

Iran’s police, intelligence and security forces, and prison officials have committed, with the complicity of judges and prosecutors, a catalogue of...

Ethiopia charges prominent opposition figure Jawar Mohammed with terrorism

As human rights organizations continue to warn that Prime Minister Abiy Ahmed is turning Ethiopia into a dictatorship, his administration on...

WHO and UNICEF sign 10-year partnership to promote mental health of children and adolescents

 A new partnership between WHO and UNICEF is calling for key actions in universal health coverage, mental health, emergencies and nutrition

Bill Gates praises Africa’s response to COVID-19 but warns against collateral damage

Microsoft founder Bill Gates on Sunday praised Africa's response to the novel coronavirus but warned against collateral damage, including a drastic...

In moving film, UN calls for collective action to tackle global challenges, including COVID-19, racism, climate change and poverty

The United Nations, Project Everyone and 72 Films are launching “Nations United - Urgent Solutions for Urgent Times,” a first of...

Nigerian reps ready for e-parliament

The House of Representatives is set for electronic conduct of its legislative activities on the floor of the chamber when it reconvene on Tuesday, Speaker Femi Gbajabiamila said on Friday.Gbajabiamila, who assured that the e-parliament promised by the 9th House on its inauguration in June last year would commence on resumption from annual vacation, expressed satisfaction that it...

Stay connected


[read_more id="2" more="Read full article" less="Read less"]