EFCC blames prevalent fraud among youths on Nigeria’s ‘failed’ System

The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Olanipekun Olukoyede, has attributed the menace of fraud on the way the Nigerian system operates.

The EFCC Boss described Nigerians as “good people,” but worried that the system in place in the country encourages fraud.

The anti-graft Boss made this assertion while welcoming a delegation of the NDDC management, led by its Managing Director, Dr Samuel Ogbuku.

Olukoyede admonished all public office holders to be accountable and transparent in managing the finances of the commonwealth.

“Always have it at the back of your mind that while you are on this side today, you might be on the other side tomorrow. Let it be the guiding principle for those in positions of trust in everything they do.

“That has always been my own guiding principle because you will not be there forever. You can protect certain things today, but if you leave, you will discover that the person closest to you, maybe someone who benefitted from you, would be the one to expose you.

“Fundamentally, Nigerians are good people. The only problem that we have is the system that we operate; a system that allows fraud to flourish. But if you take the same Nigerian who is corrupt in our system to an environment with strict regulatory compliance and structures, you will discover that he will behave,” Olukoyede stated.

He, also, used the opportunity to assure Nigerians that the EFCC will not relent in the discharge of its duties.

“We are not going to compromise. We have been called names and maligned but we are resolute. We are moving forward because somebody has to do this job and we will do it and deliver.

“I told Nigerians upon my assumption of office that we are going to use the instrumentality of the anti-corruption fight to build the economy and ensure good governance,” he said.