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How EFCC boss use Abuja based pastor to buy N573 mln Dubai property ~Report

By on July 12, 2020 0 551 Views

Report of a special presidential panel initially set up to investigate some allegations against the suspended acting chairman of the Economic and Financial Crime Commission (EFCC), Ibrahim Magu was said to have discovered he used an unknown pastor to purchase a property worth N573 million in Dubai.
According to the report published by the government-owned News Agency of Nigeria (NAN), the panel was said to have accused the Abuja based cleric of fronting for Magu in the transactions.
The deal was said to have been uncovered by the Nigeria Financial Intelligence Unit (NFIU), which hitherto was a unit under the anti-graft agency through investigations into various allegations of inconsistency in the record of recovered loot by the EFCC.
According to the report, the unknown clergyman is alleged to have bought a property on behalf of Magu worth N573 million in Dubai, United Arab Emirates.
“As an unknown pastor, the NFIU’s report showed the huge movement of funds ranging from N573,228,040.41,” the report said.
NAN also gathered that efforts had been intensified to expose the real identity of the pastor with a view to arraigning him for prosecution if found culpable.
The committee accused the suspended EFCC boss of mishandling the probe of a former Minister of Petroleum Resources, Diezani Alison-Madueke.
The suspended EFCC boss was accused of failing to cooperate with authorities in the United Kingdom to facilitate effective prosecution of the case.
“In the Diezani Alison-Madueke case, the acting chairman is failing to further cooperate with the UK NCA (National Crime Agency) to enable them to charge the former minister to court in the UK.
“The acting chairman, despite his knowledge that Mrs Alison-Madueke will not be extradited to Nigeria until after her trial in the UK, has consistently been accusing the UK government on the pages of print and electronic media of not wanting to extradite her to Nigeria.”
Magu was also accused of deliberately refusing to provide documentary evidence that would make the office of the Attorney-General to commence the extradition process of Diezani Madueke.
“This has strained the EFCC’s relationship with Europe, our most strategic partner,’’ the report further observed.
Among other revelations of the panel was that the embattled EFCC boss had been unable to account for the interest generated from N550 billion cash recovered from 2015 to 2020.
The report titled, ‘Final Report of the Presidential Investigation Committee on the EFCC Federal Government Recovered Assets and Finances from May 2015 to May 2020.’
The report read in part, “Failure to report on the interest on actual lodgements clearly establishes that the interest element of over N550bn has been re-looted relating to the period under review.
“This is an apparent case of manipulation of data in a very brazen and unprofessional manner and this has greatly eroded the public confidence in the anti-corruption efforts.”
The panel said it was quite disturbing that conflicting figures were being circulated in the public space by the EFCC as the amount of recovered funds.
It said these inconsistencies cast serious doubt on the accuracy of figures submitted by the EFCC.
The interrogations of Magu is expected to continue on Monday before the fresh presidential panel lead by the former president of the Appeal Court, Ayo Salami.

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