Tuesday, May 18, 2021

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Magu explained how he distributed the assets recovered by the EFCC

Ibrahim Magu, the acting chairman of the EFCC, has claimed that he has given some ministries and departments and the National Assembly a share of the vehicles and assets recovered from the looters.

In his statement before the commission of inquiry, Ibrahim Magu said that instead of recording the assets of the recovered assets or depositing the money in the national coffers, he had distributed a portion of the funds to individual government officials and ministries.

President Muhammadu Buhari last week approved the suspension of Magu, who is already facing charges under a special investigation team led by Ayo Salami, the former chairman of the Court of Appeal of Nigeria.

It was reported that after a series of questions answered by Magu on misappropriation of funds following a request from the Minister of Justice, Abubakar Malami, Magu denied any wrongdoing, while first revealing how he shared huge sum of money with some of Buhari’s close associates including the Minister of Justice himself.

However, Abubakar Malami denies any wrongdoing in the letter to Ayo Salami’s delegation.

Magu said in a statement that the distribution of 224 vehicles to various ministries was facilitated by President Muhammadu Buhari.

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