Recovered vehicles auctioned to Presidential Villa, ministries – Magu
The suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, says some of the vehicles recovered by the EFCC were auctioned to the Presidential Villa, the Ministry of Humanitarian Affairs, Disaster Management and Social Development as well as the Federal Inland Revenue Services and other agencies.
He further stated that some of these agencies had not paid for the vehicles but there was an arrangement that the money would be deducted from their financial allocation.
The letter was in response to an earlier report by the Presidential Committee on Audit of Recovered Assets in which Magu was accused of being unable to account for the interest accrued to N550bn recovered funds as well as recovered vehicles and houses.
The suspended EFCC boss said about 450 other vehicles, which had been recovered, had yet to be sold despite receiving presidential approval to do so.
He 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 letter further read, “Real properties finally forfeited to the Federal Government of Nigeria and allocated to some agencies for official use in line with the Presidential approval are: Voice of Nigeria, National Directorate of Employment, Ministry of Humanitarian Affairs and Disaster Management, North East Development Commission and Pension Transitional Arrangement Directorate.
“Other agencies of government that have approached the commission to rent properties under interim forfeiture order include: National Human Rights Commission and National Council for Arts and culture.”
Magu said the commission also temporarily handed over property in Lagos to the Lagos State Government for use as isolation centres for COVID-19 patients.
However, it was learnt that an attempt by Magu’s lawyer, Wahab Shittu, to submit the letter to the panel on Monday was rebuffed.
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.
Magu’s lawyer did not respond to calls on Tuesday evening.
A government source however said the Presidency would not like to be dragged into the matter.
Magu was arrested by the police on July 6, 2020 and brought before the Justice Ayo Salami-led panel which is sitting at the Presidential Villa.
He was subsequently suspended and detained for about 10 days at the Force Criminal Investigation Department, Abuja. While in custody, his house in the Karu area of Abuja was searched.
