Acting Chairman of Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has said that the agency is determined to recover all money stolen through arms procurement.

The EFCC chairman was speaking at an event to mark the International Anti-corruption Day organised by the Inter-Agency Task Team, IATT, the European Union, EU, and the United Nations Office on Drugs and Crime, UNODC.

“Corruption is like a chain whose effect impacts various aspects of the society, undermines democracy and the rule of law, distorts markets, erodes quality of life, leads to human rights violations and fans the embers of terrorism and other threats to human security,” Magu said.

This year’s annual event was held Wednesday at the Shehu Musa Yar’Adua Centre, Abuja, and had in attendance participants from the Budget Office, Independent Corrupt Practices and Other Offences Commission, ICPC, Nigerian Financial Intelligence Unit, NFIU, Technical Unit on Governance and Anti-Corruption Reforms, Bureau of Public Procurement, BPP, Corporate Affairs Commission, CAC, Public Complaints Commission, the Nigeria Police, National Drug Law Enforcement Agency, NDLEA, Federal Inland Revenue Service, FRIS,Ministry of Justice and Ministry of Finance, among others.

In his remark, the United Nations Secretary General, Ban Ki Moon, who was represented, said the world must be united to stamp out corruption.

“It is time to deliver a clear message around the world that rejects corruption and embraces the principles of transparency, accountability and good governance. This will benefit communities and countries; and it will help to usher in a better future for all,” he noted.

The Deputy Chief Mission of the United States Embassy, Maria E. Brewer, said if not eliminated, corruption has the ability to stunt a nation’s progress.

She assured that the United States is willing and ready to work with Nigeria in the fight against corruption.