Nigeria: President Assures Foreign Investors That Corruption Has Reduced In The Country

President Goodluck Jonathan has assured prospective investors in Nigeria of the safety of their investments.

He gave the assurance at the just concluded Nigeria Investment Summit and Exhibition in New York, USA saying the Economic and Financial Crimes Commission, EFCC, has done excellently well in the discharge of its mandate and still breaking new grounds to cleanse the system and make it conducive for local and foreign investments to thrive.

The Chairman of the EFCC, Mrs. Farida Waziri, confirmed this. She said the agency has recovered over $9 billion in the last three years, adding that the agency has successfully put in place relevant preventive measures to safeguard prospective investors from losing their investments to any fraudster.

While declaring that he is impressed with the performance of the EFCC so far, President Jonathan said “our investors can be rest assured that their investments are safe in Nigeria and fraudsters pose no threat again because the EFCC has almost eradicated the problem of advance fee fraud in our country.”

In her presentation at the Summit where former British Prime Minister, Mr. Tony Blair presented the keynote paper, the EFCC Chairman, Mrs Farida Waziri, said apart from ensuring that anyone, no matter how highly placed who violates Nigerian laws were investigated and made to face charges in court, many investors have been saved from losing billions of dollars to fraudsters through a preventive measure codenamed Transactions Clearing Platform, TCP among others.

According to her, “the supply side of corruption (the givers) have a big role to play in dismantling safe heavens that provide facilities for laundering the proceeds of crime in their financial institutions. The damning 2010 report by the London based Global Witness chronicled how British Banks (HSBC, RBS, NATWEST and USB) facilitated corruption in Nigeria and Equatorial Guinea. The international investment Community must therefore stand up against this.”

The theme of the Summit was “Nigeria in the Global Economic System: Taking Nigeria to the World and Bringing the World to Nigeria.”

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