Date Published: 04/15/10

We will build strong institutions – Jonathan

Goodluck Jonathan

Acting President Jonathan said the focus of his administration is to build strong institutions that will last beyond the leadership and operators of such institutions. To this end, he has assured that the Federal Government would review the structure of the EFCC to strengthen its performance in the fight against corruption.

 Jonathan stated this at a breakfast meeting organized by the Centre for Global Development, an independent research centre championing global poverty reduction and equal rights.

Answering questions from seasoned American diplomats and businessmen who are interested in investing in Nigeria, Jonathan said the issue of corruption in African countries is a worrisome trend, and that Nigeria will take urgent measures to step up the anti-graft war.

 “I can assure you that we are going to review the EFCC to strengthen the body to make it to perform. This will go a long way to deter fraudulent minds and ensure the security of indigenous and investments in the country.’’ he said.

   Responding on Nigeria’s trade relations with China and the US, the Acting President assured that though there are more Chinese investors in the country, Nigeria has not abandoned its traditional allies which include America.

 He attributed the development to the aggressiveness of the Chinese investors noting that even Americans are going to China to invest.

 Jonathan also assured the gathering that Nigeria is committed to the rule of law and the protection of the rights and privileges of local and foreign investors.

 He advised foreign investors to ensure they do business within the ambit of the laws to ensure security of their investments.  He added that foreign investors should change their perception that Nigeria is a corrupt place where anything goes, as it is such perception that make them cut corners and get duped in the process.

The Acting President also reiterated that Government will stop at nothing to pursue ongoing banking reform to a logical conclusion.

 He said the Executive arm of Government has sent the Asset Management Bill to the National Assembly that will statutorily put in place the regulation of the assets of banks and ensure that depositors’ monies are safe.