The Justice Ayo Salami-led presidential panel investigating the suspended performing chairman of the Financial and Monetary Crimes Fee (EFCC) Ibrahim Magu has rejected his letter explaining the destiny of a few of the autos recovered from looters.
The letter titled “Re: Alleged Case of Conspiracy, Enrichment, Abuse of Public Workplace and Different Infractions” was in response to an earlier report by the Presidential Committee on Audit of Recovered Belongings through which Mr Magu was accused of being unable to account for the curiosity accrued to N550bn recovered funds in addition to recovered autos and homes.
Magu mentioned within the letter seen by The Punch that a few of the businesses which had been auctioned the autos had not paid for them however there was an association that the cash could be deducted from their monetary allocation.
He mentioned a few of these recovered by the EFCC had been auctioned to the Presidential Villa, the Ministry of Humanitarian Affairs, Catastrophe Administration and Social Growth in addition to the Federal Inland Income Providers and different businesses.
“The fee presently has presidential approval to dispose over 450 forfeited autos situated in Lagos and Abuja. The autos have been valued by the Nationwide Automotive Council Valuers and the Federal Ministry of Works and Housing. However no sale/disposal has been performed but,” Magu mentioned.
In line with him, some homes completely forfeited to the Federal Authorities by looters had additionally been handed over to some authorities businesses just like the Voice of Nigeria, North -East Growth Fee and the Pension Transitional Association Directorate.
It was gathered that the panel insisted it will not settle for the letter which Magu’s lawyer Wahab Shittu tried to submit on Monday.
“An try to submit the letter to the secretary of the panel on Monday failed. Magu’s workforce was knowledgeable that the panel doesn’t entertain letters however it’s purely an investigative one. If there’s a want for clarification, Magu could be invited,” a supply was quoted saying.
Magu was arrested by the police on July 6, detained for about 10 days and made to seem earlier than the investigative panel every day.