Prof. Itse Sagay (SAN), Chairman of the Presidential Advisory Commitee Against Corruption (PACAC), on Wednesday said that the claim by former president Goodluck Jonathan that foreign investors have fled the country since President Muhammadu Buhari took over is false.
Speaking, Sagay said only corrupt foreign investors who hugely benefited from the corrupt administration of Jonathan fled the country having realised that it is no longer business as usual.
“There are some investors who only operate in an atmosphere of corruption. They have nothing good to offer Nigeria. All they want to do is just to loot and entrench corrupt practices with the assistance of officials in government whom they have bribed.
“So, it is a company of corrupt people, both foreign and local who operate in those circumstances. You must have heard of illicit financial flows. That was how it happened.
“They cooperate with these foreign investors to loot the country of her resources, inflating their costs and at the same time reducing the amounts they are to pay so that at the end of day, they leave the country with a lot of resources and underdevelop the country and get away with it.
“Only investors of that Ilk can say they are no longer coming because we have an honest government in place,” he said.