Dogara Not Impressed With President's Anti-Corruption war : Buhari
Speaker of the house of Representatives,Yakubu Dogara has berated president Mohammed Buhari's anti-corruption war,saying it is only fighting the symptoms.
Dogara said too much"emphasis " is placed on the Economic and Financial Crime Commission EFCC instead of the preventive agencies like Fiscal Responsibility Commission FRC .The speaker slated this on Thursday, 13 July, when a delegation from the FRC visited him in Abuja.
Dogara faulted the non- disclosure of interests accruing to Nigeria's foreign reserve accounts which he said should be under the custody agencies like FRC "for dissemination to the public when necessary".According to him,Nigeria earns interest on foreign reserve like Botswana but the has such interest as its second highest revenue source after natural resources.
He questioned why the Central Bank of Nigeria CBN does not declare interest accruing the foreign reserve accounts of the federation even after the house had passed a resolution calling it to do so in December 2015.
Dogara said ," in Nigeria,we have been asking the question ,are we earning or are we just running charity with it or just leave people to manage it.."from the way we are fighting corruption ,it is like emphasis is built on EFCC,but the problem of that approach that you are dealing with the symptoms of corruption.
"Once you continued to deal with the leaves and fruits ,and the root is still there, you cannot totally eliminate corruption ." These are preventives agencies and we ought to invest in agencies such as the Fiscal Responsibility Commission FRC because we have to make it difficult for corruption itself to take place.Once we do that ,we will be applying the remedy at the root of corruption."There is no limit to the kind of attention we pay to the agencies like this, because this is the right way to combat corruption itself to ensure that resources are efficiently allocated and that we have fiscal discipline. he said.
Dogara said too much"emphasis " is placed on the Economic and Financial Crime Commission EFCC instead of the preventive agencies like Fiscal Responsibility Commission FRC .The speaker slated this on Thursday, 13 July, when a delegation from the FRC visited him in Abuja.
Dogara faulted the non- disclosure of interests accruing to Nigeria's foreign reserve accounts which he said should be under the custody agencies like FRC "for dissemination to the public when necessary".According to him,Nigeria earns interest on foreign reserve like Botswana but the has such interest as its second highest revenue source after natural resources.
He questioned why the Central Bank of Nigeria CBN does not declare interest accruing the foreign reserve accounts of the federation even after the house had passed a resolution calling it to do so in December 2015.
Dogara said ," in Nigeria,we have been asking the question ,are we earning or are we just running charity with it or just leave people to manage it.."from the way we are fighting corruption ,it is like emphasis is built on EFCC,but the problem of that approach that you are dealing with the symptoms of corruption.
"Once you continued to deal with the leaves and fruits ,and the root is still there, you cannot totally eliminate corruption ." These are preventives agencies and we ought to invest in agencies such as the Fiscal Responsibility Commission FRC because we have to make it difficult for corruption itself to take place.Once we do that ,we will be applying the remedy at the root of corruption."There is no limit to the kind of attention we pay to the agencies like this, because this is the right way to combat corruption itself to ensure that resources are efficiently allocated and that we have fiscal discipline. he said.
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