The suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, along with his lawyer, Wahab Shittu, on Thursday presented a 34-page letter with 100 annexure to the Presidential panel investigating him.
It was learnt that Magu appeared before the Justice Ayo Salami-led panel around 1pm and was still there as of 6pm..
Magu is currently explaining to the panel how recovered assets were disposed of and how monies seized from looters were kept.
A top source at the EFCC said, “Magu arrived at the Presidential Villa along with his lawyer and some aides. However, only Magu and his lawyer were allowed inside the main hall. They have been there for the last five hours.
“Magu presented a 34-page letter which was spiral bound with 100 annexure including pictures. We are hopeful that he will be able to convince the panel that all the allegations levelled against him are trumped up.”
Edujandon.com had reported on Wednesday that Magu’s attempt to submit the report was rejected by the panel on Monday.
Edujandon.com had quoted a part of the letter wherein Magu stated that some of the recovered vehicles were auctioned to the Presidential Villa, the Ministry of Humanitarian Affairs, Disaster Management and Social Development, the Federal Inland Revenue Service and others.
The suspended EFCC boss stated in the letter that the agencies had not paid the funds but the Federal Government had agreed to deduct the money from their financial allocations.
Magu was first arrested on July 6, 2020 and detained for almost 10 days at the Force Criminal Investigation Department, Abuja.
While in custody, he was suspended along with about 11 top officials of the commission.
Amid several allegations, Magu is being accused of being unable to explain the whereabouts of interest accrued to N550bn recovered funds.
He is also alleged to have bought a house in Dubai at the cost of about N570m.
Mbappe marks new deal in style with hat-trick, Di Maria bids farewell
Again! Two dead, three rescued as two-storey building collapse in Lagos
Kylian Mbappé’s Official Statement As He Decides To Stay At PSG
LaLiga Are Considering Taking Legal Action Against PSG Over Their Renewal Of Kylian Mbappe’s Contract (Details below)
“Nothing Last Forever” – This Is The Private Bedroom Of Alhaji Busari Adelakun Where Men Fear To Enter (Photos below)
Nigerian Army Commander Who Led Several Operations Against Boko Haram Allegedly Commits Suicide 3 Days To Court (Details below)
“My Two Disabled Sons Promised To Build A House For Me But I Didn’t Believe Them Till They Surprise Me” – Lady Narrates (Details below)
Zinedine Zidane Surprise All On His Pick After He Reveals That Ronaldo And Messi Are Not On The Same Level (Details below)
- Lifestyle2 days ago
- Entertainment1 day ago
Rita Dominic’s Business Partner, Mildred Speaks On Fidelis Anosike’s Alleged Infidelity And Marriage Crisis
- Entertainment1 day ago
Funke Akindele’s Husband Comes Under Heavy Fire As His Baby Mama Proudly Shows Off Their Son Smoking
- Lifestyle1 day ago
Lady Shocked As She Walks In To See Her Baby Boy Tied To Her Husband’s Waist As He Sleeps (Video below)