Niger Delta
Institute Faults Magu Over Money Laundering Allegations Against Rivers
 
																								
												
												
											The Nigerian Institute of Public Relations (NIPR), has faulted claim by the Economic and Financial Crimes Commission (EFCC), that Rivers State is the second most corrupt State in the country after Lagos.
Recall that Acting Chairman of EFCC, Ibrahim Magu while addressing newsmen in Port Harcourt recently declared the two states as centres of money laundering in Nigeria.
But Rivers State chapter of the NIPR in a statement signed by its Public Relations Officer, Chinedum Emeana and made available to The Tide in Port Harcourt expressed sadness that Magu made such weighty allegation without giving factual evidence to substantiate his claim.
The statement reads, “The Rivers State chapter of the NIPR has reviewed the comment of Mr Ibrahim Magu, Acting Chairman of the EFCC in Port Harcourt on Tuesday, 7th January 2020, declaring Lagos and Rivers states as centres of money laundering in the country.
“At its General meeting on 9th January 2020, members of the Chapter decried such a weighty charge without any factual evidence to back it up.
“The Chapter believes that such a statement about Lagos and Rivers states — two of Nigeria’s maritime, oil, gas and financial economic hub is capable of hurting the reputation of both states and Nigeria as a country and thus limit its ability to vie for scarce foreign investment capital.
“The Rivers State chapter of NIPR notes that reputation is a key determining factor for serious investors and lenders. Anything that negatively impacts reputation of a government is a direct threat on the ability of such a government to create jobs, provide infrastructure and generally achieve socio-economic objectives.
“This was the conclusion of robust discussions at the PR Moment segment of the chapter’s first monthly meeting of 2020 which focused on “The Reputation implication of the EFFC chairman’s statement that Lagos and Rivers States are the leading locations of money laundering in Nigeria.”
While declaring support for efforts aimed at tackling and eradicating economic and financial crimes in the country, the institute urged the anti-graft agency to be circumspect in its action and statements in fulfilling its constitutional role so as not to ‘inadvertently’ heap collateral-damage on the polity.
Dennis Naku
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