Monday, 27 July 2020

RE-LOOTING RECOVERED LOOT: Suspended EFCC Chairman, Ibrahim Magu Denies All Allegations, Vows To Clear His Name Against ‘False’ Allegations

Ibrahim Magu

The suspended Acting Chairman of the Economic & Financial Crimes Commission
 (EFCC), Ibrahim Magu, has denied more accusations levelled against him, of corruption in his capacity as the anti-graft boss.

Mr Magu, who spoke through his lawyer, Wahab Shittu, via a statement Sunday, refuted reports of him misappropriating N329 billion recovered funds for the Nigerian National Petroleum Corporation, (NNPC).

He explained that he remitted the reported N329 billion from indebted oil marketers into the Nigerian National Petroleum Corporation accounts – which the receipt of such payments was confirmed by the NNPC.

“The truth of the matter is that well over N329 billion recovered by EFCC under our client’s watch was remitted directly into NNPC dedicated accounts via Remita under a special arrangement endorsed by NNPC, EFCC, and the affected NNPC’s indebted marketers.

“By virtue of the said special arrangement, NNPC had requested formally the EFCC to recover the said amount from the affected NNPC’s marketers who were expected to pay such funds directly to NNPC while NNPC, in turn, confirmed receipt of such payments to EFCC,” the statement partly reads.

“Therefore, EFCC never took custody of any of the recovered funds and so, the question of misappropriation of such funds by EFCC or our client could not have arisen as falsely published,” he said.

Mr Magu is currently being investigated by a panel headed by a former president of the appeal court, Ayo Salami, over allegations of corruption and insubordination levelled against him by the Attorney General of the Federation, Abubakar Malami. He was detained for about 10 days before his release.

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