Factor responsible for the suffering of millions of Nigerians.-Buhari

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President Muhammadu Buhari said to the media that corruption was the major factor responsible for the suffering of millions of Nigerians.

President Muhammadu Buhari stake that corruption at all levels was the biggest problem affecting Nigeria’s economic growth and development.

The president made the remark at the 49th Annual Accountant Conference organised by the Institute of Chartered Accountants of Nigeria in Abuja.

He said that it prevents good governance and encourage misappropriation of public funds, stiffens innovation, infrastructure development and investments.

The secretary to the Government represented by Mr Boss Mustapha, the Secretary to the Government of the Federation, the president said: “fighting against corruption is in reality a struggle for nation building and the future.

“Corruption and impunity becomes widespread when accountability is disregarded.

“Disrespect for accountability also strives when people get away with all manner of questionable things and accountants are unable to check them.

“Corruption is the major reason why many children cannot go to school, why we have few equipment and doctors in our hospitals.Corruption diverts public resources thereby causing much suffering, deprivation and unnecessary death in the country.

“This is in exchange for tax credits which will be applied against their company income tax.

“The impression for the scheme arrives from the desire to take advantage of private sector funding to road development in our country,’’ he said.

However, the Acting Chairman, Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu called on Nigerians to join the fight against corruption.

Magu said the fight against corruption could not be won if it was left alone to the EFCC and other anti-graft agencies.

In his conclusion, the President of ICAN, Mr Nnamdi Okwuadigbo pledged the institute’s commitment to facilitating economic growth and development in the country.

“Now is the right time to see our image in the committee of nations. We cannot afford to fail as the largest economy in Africa.

“As chartered accountants we are at a vantage position to determine the effective use of public funds and we charge you to be front runners in the fight against corruption.

The president totally against corruption and hereby,urged the people to do away with corruption rather to help towards the furtures of the nation and fight against corruption

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