Presidential Panel: Magu unable to account for N550bn cash recovered from 2015 to 2020

The currently sitting Presidential Panel on the embattled Acting Chairman of the Economic and Financial Crimes Commission (EFCC) has said that the EFCC boss had been unable to account for the interest generated from N550bn cash recovered from 2015 to 2020.

Recall that a panel had earlier indicted Magu of similar corruption allegations for which the Nigerian Senate had sort to deny him confirmation as substantive Chairman of the anti-corruption agency.

The current presidential panel is asides from the Justice Ayo Salami, that is also investigating the activities of Magu and other top officials of the Federal Government agencies.

The previous committee was led by Alhaji Abdullahi Ibrahim and the members were DIG Anthony Ogbizi; a member from Federal Ministry of Justice; Mualledi Dogondaji from the EFCC; Hassan Abdullahi from the DSS; an unnamed member from the Office of the Accountant General of the Federation; Chinedu Ifediora from the NFIU, while Mr Kazeem Attitebi served as the secretary.

The committee’s report, it was learnt, became the basis for the setting up of the Salami-led panel.

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’ was obtained by the Federal Government-owned News Agency of Nigeria.

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