Sagay blasts NASS members again, says bank MDs will soon be prosecuted


Chairman of the Presidential Advisory Committee Against Corruption (PACAC), Professor Itse Sagay, has vowed that the body would ensure prosecution of bank chiefs who helped looters hide stolen funds.

He said this on Tuesday at a public lecture in Lagos organized by the Nigerian Society of International Law.

Sagay said the “epidemic of high-profile corruption” was committed with knowledge of bank chiefs.

“They must not get away with it. In my own little way, we are going to push for the prosecution of such bank chiefs. They must be prosecuted”, he said.

He noted that the legislature, senior lawyers, Special Senior Advocates of Nigeria (SANs), and some “hostile and powerful judges” work against corruption efforts.

“There is a gang up of the powerful political, business, and banking elite that is determined to frustrate the anti-corruption struggle”, he added.

The legal luminary lamented that National Assembly allocated N125 billion to themselves alone this year and that while the United States President earns $400,000 per annum, a Nigerian senator earns over $1.7 million.

Sagay said besides a basic salary of N2.4 million per month, they earn allowances such as hardship (50 percent of basic salary), newspaper allowance (50 percent), wardrobe allowance (25 percent), entertainment (30 percent), recess (10 percent), and leave (10 percent), among others.

The total allowances, he said, amounts to N29.5 million per month and N3.2 billion per annum.

“Perhaps the most notorious example of the legislators’ resistance to the war against corruption is the rejection of the right of the executive to choose the persons who will spearhead that struggle,” he added.

“The clear impression is created that Nigerian legislators are in office for themselves and not for the populace.”

“Not surprisingly, the National Assembly has not passed a single bill for the promotion of anti-corruption war since it commenced business in July 2015.

“The Whistle Blowers Protection Bill, the Proceeds of Crime Bill, and the Special Criminal Court Bill remain in a virtual state of stagnation.”

“What evidence do we need to establish the hostility of the Eighth Assembly to the anti-corruption war?” Sagay quipped.


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