Browsing: CISLAC

As commentators on Nigerian affairs, there are situations and circumstances where writers, out of niggling frustrations and hapless impotence, wish for something tragically severe, akin to a hot sharp knife skinning the hides off fat lambs, would descend on the irresponsible and insensitive portion of our governing blocs – especially the legislative mandarins. With tons of critical written pieces, brimming with righteous indignation, and well-articulated umbrage at the shenanigans of our political class, in the last three decades and more – it is quite heart-wrenching to now read that our 10th National Assembly are contemplating – as if it is their feudal right – to mass purchase over 400 hundred Sports Utility Vehicles (SUV) to mark the beginning of another sleaze-and-freak show called legislative tenure. There are 360 odd members of the House of Representatives (HoR) and 109 senators – all would have a need for a new vehicle, apart from armoured versions for the principal officers. The fact that each regular imported SUV would knock us down by $35,000 to $70,000 (meaning ₦35m to ₦70m each); and that the top range bullet-proof vehicles are in excess of $200,000 (a sickening ₦200m each) does not seem to worry the undisguised spendthrifts.

The Economic Financial Crimes Commission (EFCC) investigates people in all sectors who appear to be living above their means, and is empowered to investigate and prosecute money laundering, advance fee fraud, counterfeiting, illegal fund transfers, futures market fraud, contract scam, etc; the coordination and enforcement of all economic and financial crimes laws. The establishment of the Commission in April 2003 was partly in response to pressure from the Financial Action Task Force (FATF) on Money Laundering.