The suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has explained how he sold some of the recovered vehicles from looters to the Presidential Villa, ministries, and other agencies of government.
In a letter to the Justice Ayo Salami-led panel, Magu said he needs to clarify and debunk the allegations against him of not being able to account for recovered vehicles.
According to the suspended EFCC boss, part of the recovered cars were auctioned to the Ministry of Humanitarian Affairs, Disaster Management and Social Development, Federal Inland Revenue Services (FIRS), National Commission for Refugees, and Displaced Persons and National Directorate of Employment.”
Magu revealed that the buyers are yet to pay for the vehicles but there was an arrangement that the money would be deducted from their financial allocation.
He noted that about 450 other vehicles, which had been recovered, had yet to be sold despite receiving presidential approval to sell them.
Magu said some of the houses permanently forfeited to the Federal Government by looters had also been handed over to some government agencies like the Voice of Nigeria, North -East Development Commission and the Pension Transitional Arrangement Directorate.
The suspended EFCC boss explained that some other properties, which had been forfeited pending the outcome of court cases, were being rented by the Lagos State Government, Fiscal Responsibility Commission, Nigerians in Diaspora Commission, Federal Airports Authority of Nigeria, Federal Ministry of Finance, and the Nigerian Army.
Presidential Panel rejects Magu’s Letter
However, an attempt by Magu’s lawyer, Wahab Shittu, to submit the letter to the panel on Monday was rejected.
The panel was said to have insisted that there was no basis for the letter and informed Shittu that Magu would be summoned if there was a need for clarification.
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