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People Bagging Sand Instaed Of Fertiliser Under CBN’s Anchor Borrowers’ Programme – Magu



Read Full Text Of Magu’s Point-By-Point Defence Of Allegations Against Him

The acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has stated that some persons are bagging sand as fertiliser under the anchor borrowers’ programme coordinated by the Central Bank of Nigeria.

This, he said while speaking at the 15th anti-corruption situation room organised by the Human and Environmental Development Agenda (HEDA) in Kaduna, yesterday.

Magu, who was represented by Wilson Uwujaren, spokesman of the commission, said reports of incidents of corruption under the programme has been received by the commission.

“The crisis in Nigeria today boils down to corruption. The EFCC is doing everything possible to ensure that stolen resources are recovered and returned,” he said.

“Civil society organisations need to play more active role. We want to ensure that we don’t create more crisis from a crisis situation. In the Anchor Borrowers’ Programme, there are people who are bagging sand instead of fertiliser.”

The borrowers’ programme is one of the social schemes initiated by the federal government to boost productivity and to alleviate the suffering of citizens.

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