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Salami Panel Reveals How Ex-EFCC Boss Abandoned N118bn Fraud Cases, Failed To Remit N48bn Loot

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The presidential panel that probed former acting chairman of the Economic and Financial Crimes Commission, EFCC, Mr Ibrahim Magu said that 14 fraud cases involving N118 billion and $309 million were abandoned by Magu.

In the final report submitted to President Muhammadu Buhari in November 2020, the EFCC, under Magu’s watch, was also accused of not remitting another N48 billion loot recovered in foreign and local currencies, TheCable report.

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The panel headed by former President of the Court of Appeal, Justice Ayo Salami (retd), was set up to probe the EFCC from May 2015 to May 2020 when Magu was in charge of the agency.

TheCable understands that the report has now been submitted to the office of the Secretary to the Government of the Federation.

READ ALSO: Ex-convict Loots Shops, Steals Goods Worth N34m

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A panel to produce the white paper will soon be set up, presidency sources informed TheCable.

The former EFCC boss was alleged to have mishandled the recovered loot and sold seized assets to his associates.

Wahab Shittu, Magu’s lawyer, declined to comment on the report when contacted by TheCable “because I cannot talk on a report I have not seen”.

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The report reviewed both written and oral testimonies of over 100 witnesses, having overtaken nationwide physical verification of recovered forfeited assets, comprising real estate, automobiles, vessels and other non-cash as well as cash assets.

The review of the report of the Presidential Committee on Audit of Recovered Assets, PCARA, appeared to show that the anti-graft commission gave contradictory figures on the total number of recovered real estate.

The report reads in part: “The EFCC under the watch of the suspended Ag. Chairman in its submission to PCARA reported N46,038,882,509.87 as being the foreign currency equivalent recovered by the commission between May 29, 2015, and November 22, 2018.

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“The EFCC, however, only produced evidence of lodgements of N37,533,764,195.66, leaving a shortfall of N8,505,118,314.21.

“The EFCC reported to PCARA a total naira recovery of N504,154,184,744.04; the actual bank lodgement of the naira recoveries was, however, N543,511.792,863.47.

“That EFCC failed to produce before PCARA the evidence/record of the difference of N39,357,608,119.43.

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“The EFCC, in its returns on non-cash assets, made to the president on April 7, 2017, declared 836 as the total number of recovered real estates, while in its first and second returns to PCARA, it rendered contradictory figures of 339 on 13/12/2017, leaving a difference of 497 and 504 on 9/3/2018, with a difference of 332.

“Between 2016 and 2019, fourteen (14) procurement fraud cases involving N117,972,209,035 and $309,151,419 were abandoned under Mr Ibrahim Magu’s watch.”

The commission observed from its findings that prosecutorial decisions by Ibrahim Magu on case files were based on his personal whims, as against the law and facts. The commission also notes the prevalence of widespread corruption, abuse of power and pervasive impunity in the running of the EFCC.”

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The panel also said records of forfeited assets were poorly kept by the commission.

“In 2016, Magu halted the process of disposing of two finally forfeited vessels, MT Good Success with 1,459 metric tons of PMS; and MT Askaris with 3,423,097 metric tons of crude…the cargoes eventually sank…Magu also asked the navy to release two vessels conveying illegally refined AGO to their owners,” the panel said.

READ ALSO: Nigeria’s Debt To World Bank Rises By $660m

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“Thirteen water vehicles (vessels) handed over to the EFCC by the Nigerian Navy, out of a total number of 154 vessels, have submerged (sunk) with tons of contents.

“The submissions made by the EFCC before the commission shows that, from inception to date, the total number of non-cash assets recovered under final forfeiture was 3133. The analysis of the recoveries shows that some of the assets were disposed of, forfeited to a third party or negligently lost. The commission conducted physical verification of recovered assets across the country from 1st-27th October 2020.

“The outcome of the exercise was revealing as some of the forfeited assets have been lost, deteriorated, physically possessed by the suspects, or could not be traced and in some instances remain in occupation years after their final forfeiture.

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“The EFCC reported disposal of 275 real estate, the judicial commission only confirmed 76 disposal”, the report added.

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Crime

Police Arrest Suspected Bayelsa Kidnap Kingpin

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Detectives from the Bayelsa State Police Command have arrested a suspected kidnap kingpin identified as John Ewa, who had been on the wanted list of the police for various alleged abductions in the state.

It was learnt that the police operatives trailed Ewa, who goes by the alias ‘Lion’, to Abuja where they nabbed him on Saturday.

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The suspect, who flaunts wealth on social media, is believed to be involved in several kidnap incidents around Yenagoa, the state capital.

In a six-second clip that trended on social media at the weekend, Ewa, dressed in his pyjamas, was seen displaying few notes of foreign currency saying, “Get money for this life, hustle, hustle.”

However, another video of his arrest also surfaced at the weekend on social media.

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In the 1:05-minute clip, a sobbing Ewa was seen wearing only pants, kneeling on the ground with his hands handcuffed, and apparently responding to questions by officers.

READ ALSO: Police Arrest Five Suspected Pipeline Vandals In Bayelsa

He said, “Please, forgive me. My wife just born sef.”

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The voice of one of his victims, Danjuma, was also heard saying he identified the suspect when he and his gang members kidnapped him.

When contacted, the spokesman for the state Police Command, Asinim Butswat, confirmed the arrest of Ewa.

He said, “We are going to issue a statement tomorrow (Monday) or parade the suspect.”

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Police Arrest 84-year-old Man For Allegedly Defiling Minor

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The operatives of the Ogun State Police Command have arrested one 84-year-old Stephen Jack for allegedly defiling an eight-year-old girl (name withheld).

The state Public Relations Officer, SP Abimbola Oyeyemi, disclosed this in a statement issued on Saturday in Abeokuta.

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Oyeyemi said the octogenarian who resides at Okun Owa area of Ijebu Ode was arrested following a report lodged at Obalende divisional headquarters.

He said the girl’s father had told the police he discovered that his daughter was bleeding from her private part.

According to Oyeyemi, the father said when he asked the little girl why she was bleeding, she informed him that the suspect had sex with her.

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Oyeyemi said the DPO Obalende division, Murphy Salami, immediately detailed his detectives to the scene, where the “randy old man” was apprehended.

Preliminary investigation revealed that the old man is a known pedophile in the area,” he said.

READ ALSO: 68-year-old Man Allegedly Defiles Minor, Remanded In Prison

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Oyeyemi said the victim had been taken to the General Hospital Ijebu Ode for medical treatment.

He quoted the Commissioner of Police, Lanre Bankole, to have directed the transfer of the suspect to State Criminal Investigation Departments for more investigation and possible prosecution.

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68-year-old Man Allegedly Defiles Minor, Remanded In Prison

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A 68-year-old man, Ayodele Faremi, has been remanded in prison for allegedly defiling a 10-year-old girl in Osogbo, capital of Osun State.

Faremi was arrested on Sunday after the case was reported to Dada Estate police station, Osogbo.

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DAILY POST gathered that one Folashade Ashafa revealed that her sister’s child (name withheld) was allegedly defiled when she was nine-years-old by Faremi.

This medium further gathered that the suspects also continued having carnal knowledge of her twice in the month of May and one time in the month of August 2022.

It was also learnt that the 68-year-old man always gives a particular drug to the underage to drink whenever he finishes his indecent act.

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Meanwhile, Faremi was charged to Magistrate Court on Monday with three count charges.

READ ALSO: Father Defiles Daughter For 12 Years, Jailed 21 years

The offence allegedly committed is punishable under Section 31(1)(2), 32 and 360 of the Child’s Rights law of Osun State 2007.

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The Magistrate, O.A Daramola ordered the remand of the suspect in prison and adjourned the case till October 25

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