FG will win war against corruption – Buhari
President Muhammadu Buhari says the Federal Government is committed to winning the war against corruption in Nigeria. Buhari said this in New York at the African Union High-Level Dialogue with the theme: “Winning the Fight against Corruption: A Sustainable Path to Africa’s Transformation.’’
The president was unanimously endorsed by AU leaders in January to champion the commission’s theme for 2018.
Buhari commended African leaders for the honour bestowed on him to champion the course of fighting corruption in Africa in 2018 and beyond.
The president, however, urged African leaders to also remain committed to the fight against corruption to ensure rapid development of the continent.
According to Buhari, Africa loses about 50 billion dollars to illicit financial flow annually.
“Illicit financial flow out of the continent has become a major concern because of the scale of its negative effects on economic development and governance agenda.
“Some of the effects of corruption include draining of foreign exchange reserves, reduction of tax revenue collection, poor investment inflow and escalation of poverty,” he said.
