Professor Itse Sagay, the Chairman of the Presidential Advisory Committee Against Corruption (PACAC) has said bank chiefs found culpable of aiding and abetting looters should face prosecution.

According to him, “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”

Sagay said this at a public lecture organized by the Nigerian Society of International Law in Lagos. The title of the lecture was ‘The many afflictions of the anti-corruption crusade in Nigeria.’

The Chairman of PACAC further said “There is a gang up of the powerful political, business, and banking elite that is determined to frustrate the anti-corruption struggle”

Sagay especially had very strong words for the Nigerian law-makers, he said “The clear impression is created that Nigerian legislators are in office for themselves and not for the populace.”

According to Sagay the President of the United States of America earned about $400,000 per annum, which was significantly lower than the average earnings of $1.7 Million per annum which each Nigerian Senator took home.

He further said, “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 “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.”