There Is Corruption in N-SIP Programme And Anchor Borrower’s Scheme, Magu Raises Alarm

  • Magu raises alarm on alleged corruption in N-SIP and anchor borrowers.
  • Says the agency is doing everything possible to ensure that stolen resources are recovered and returned.

Ibrahim Magu, the acting Chairman of the Economic and Financial Crimes Commission (EFCC), has claimed that there is corruption in the National Social Investment Programme (N-SIP) and Anchor Borrower’s Programme.

The N-SIP is under the supervision of the Vice-President’s office while the Central Bank of Nigeria funds the Anchor Borrower’s Programme.

The anti-corruption czar who raised the alarm at the 15th Anti-Corruption Situation Room organised by the Human and Environmental Development Agenda (HEDA) in Kaduna on Tuesday pointed that the agency is doing everything possible to ensure that stolen resources are recovered and returned.

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The ruling government established N-SIP programme in 2016 to ensure school feeding for primary school pupils, create jobs for 500,000 jobseekers, carry out conditional cash transfer for traders and the poor and enterprise promotion.

Magu’s representative at the event, Wilson Uwujaren, who is the spokesman for the anti-corruption agency said the crisis in the country boils down to corruption.

“The EFCC is doing everything possible to ensure that stolen resources are recovered and returned. Civil society organisations need to play more active role, especially in the National Social Investment Programme.

“Corruption has crept into the implementation of the programme. We want to ensure that we don’t create more crisis from a crisis situation. In the Anchor Borrower’s Programme, there are people who are bagging sand instead of fertiliser.”

In his keynote address, Prof Adam Abere, said Boko Haram insurgency, kidnapping and banditry in the country were the manifestation of corruption.

READ: Corruption Has Retarded Our Development, Spare No Corrupt Person, Buhari Charges EFCC

“Corruption hinders true democracy. Banditry in Zamfara and Katsina states are the consequences of mining operations in the two states.

“The plan is to make the area an ungovernable environment – to bring arms in and control the mining activities fully – but the Federal Government’s ban on mining activities helped to reduce the crisis,” Abere said.

On his part, the Executive Director of the HEDA, Olanrewaju Suraju, said the Anti-Corruption Situation Room that had taken place in many parts of the country was designed to facilitate interaction between stakeholders to promote anti-corruption and good governance.

“We have seen various feuds – Ife -Modakeke, Jukun-Tiv and Zango Kataf – that we need to start looking at how we got there.”

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