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LequteMan
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Chairman of the EFCC at a workshop yesterday listed different ways in which state government loot public funds. According to him, inflation of prices, embezzlement, misappropriation, over-estimation of cost of projects, ghost workers syndrome, award and abandonment of contracts and outright payment of money to godfathers as ways public funds are diverted.
Excerpt from DailyPost:
The Economic and Financial Crimes Commission (EFCC) on Tuesday attributed the underdevelopment of the country to corruption and poor fiscal responsibility prevalent among state governments. It also revealed five channels through which state governments divert public funds to private use.
Speaking to participants at a six-week workshop on Anti-corruption, Fiscal Responsibility and Good Governance for state government officials, EFCC Chairman, Ibrahim Lamorde, listed inflation of prices, embezzlement, misappropriation, over-estimation of cost of projects, ghost workers syndrome, award and abandonment of contracts and outright payment of money to godfathers as ways public funds are diverted.
He warned at the workshop organized by the EFCC in collaboration with the House of Representatives’ Committee on States and Local Government Affairs that the anti- graft agency would not spare anyone who violates the law.
click here to read more
#EFCC #Nigeria #Corruption #Lamorde #DailyPost
Excerpt from DailyPost:
The Economic and Financial Crimes Commission (EFCC) on Tuesday attributed the underdevelopment of the country to corruption and poor fiscal responsibility prevalent among state governments. It also revealed five channels through which state governments divert public funds to private use.
Speaking to participants at a six-week workshop on Anti-corruption, Fiscal Responsibility and Good Governance for state government officials, EFCC Chairman, Ibrahim Lamorde, listed inflation of prices, embezzlement, misappropriation, over-estimation of cost of projects, ghost workers syndrome, award and abandonment of contracts and outright payment of money to godfathers as ways public funds are diverted.
He warned at the workshop organized by the EFCC in collaboration with the House of Representatives’ Committee on States and Local Government Affairs that the anti- graft agency would not spare anyone who violates the law.
click here to read more
#EFCC #Nigeria #Corruption #Lamorde #DailyPost
