Senator Ben Murray-Bruce Claims President Buhari’s Approach To Fighting Corruption Is Scaring Away Investors


Chairman of Silverbird Group and Senator representing Bayelsa-East, Senator Ben Murray-Bruce on Thursday called on President Buhari to alter his approach to the anti-corruption crusade, saying his policies was scaring investors.

Senator Bruce, who said this while contributing to the Senate’s debate on the economic recession in the country, said Nigeria should not expect foreign investments when local investors have stopped investing in the economy.

Also Read: House Of Representatives Call For Joint Session Over Recession

He said people who had money to invest were no longer doing so because the anti-graft agencies were harassing any person with cash transactions running into millions.

Senator Bruce said:

“Buhari’s approach to anti-corruption is wrong: let us forget the foreign investors, what about the local investors?”

“If people are afraid, they will not invest; fear will not be a policy to grow the economy.”

“Money is a coward; it only goes to places where there is peace and tranquillity.”

“I have a friend who paid legitimate N50 million into his account and the Economic and Financial Crimes Commission (EFCC) came and picked him up.”

“We cannot be afraid to be Nigerians; we cannot be afraid to live in our country”

Senator Ben Murray-Bruce recalled that former President Olusegun Obasanjo also fought corruption but that his anti-corruption fight was not one that put fear in the minds of real investors.

He said he supported President Buhari’s anti-corruption fight but insisted that the approach should be changed to encourage investments.

The Bayelsa born Senator commented on the prices of food in the market, saying that poor Nigerians were feeling the brunt far more than the rich.

He said the prices of bags of rice, beans and garri had risen by over 50 per cent while the retail prices of the same commodity rose by over 150 per cent.

Also Read: Senators Condemns Call To Sell Oil Assets, With Strong Arguments

The lawmaker said while the rich bought the commodities in bags, the poor, whose minimum wage had not changed, had to buy at 150 per cent increased rate.

He attributed the increase in retail prices of items to the cost of transportation, and called for a transport policy to check transportation costs.