News

EFCC BOSS MAGU IN FRAUD DEAL_PRESIDENTIAL PANEL.

Fmr. EFCC boss Magu failed to remit N48bn loot, abandoned N118bn fr@ud cases — Presidential panel.
.
.
Ibrahim Magu, the former acting chairman of the Economic and Financial Crimes Commission abandoned 14 fraud cases totaling N118 billion and $309 million (EFCC), according to findings by the presidential panel which investigated him
.
.
The EFCC, under Magu’s supervision, was also accused of failing to remit another N48 billion loot recovered in foreign and local currencies in the final report submitted to President Muhammadu Buhari in November 2020.
.
.
The panel, led by former Supreme Court President, Ayo Salami, was formed to investigate the EFCC from May 2015 to May 2020, when Magu was in charge. The report has now been submitted to the office of the secretary to the federation’s government. According to presidential sources, a panel to create the white paper will be formed soon
.
.
The former EFCC chief was accused of mishandling the recovered loot and selling seized assets.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s