Ibrahim Magu Suspended(EFCC)

The economic and financial crime commision chairman (EFCC) has been suspended by the president Muhammadu Buhari . The EFCC boss was accused of living above his means, dealing with corrupt persons and diverting recovered funds. He was arrested and detained in the early week while facing questions from Force Criminal Investigation Department in Area 10, Abuja, on the orders of the committee.

Ibrahim magu has served EFCC from 9 November 2015, until his suspension on 7 July 2020. He was knowed as a hardworking retired police officer. From 2015 below is the achievement by the EFCC chairman till date

From 2015 to 2018, 407 mansions were seized, 126 have been forfeited finally and 281 are under interim forfeiture. Nine filling stations were seized and placed under interim forfeiture. “Plots of land seized sums up to 98 of which 56 are under interim forfeiture, while 42 have been forfeited finally to the Federal Government. “Two hundred and fifty nine automobiles have been seized, 35 are under interim forfeiture while 224 have been forfeited finally. “A hospital, St. Solomon Health Care Centre located at No. 24, Adeniyi Jones Street, Ikeja, Lagos, has also been forfeited finally. In 2016, 1500 metric tonnes of AGO and 3,035 Metric tonnes of LPFO were forfeited finally.” On the OML 245 scam, otherwise known as Malabu Oil, Magu disclosed that in an effort to nail the perpetrators of the scam, some Italian prosecutors would be arriving Nigeria very soon to compare notes with the EFCC on the matter, adding that the high profiled suspects in the controversial fraud would face the law. Magu said:  “We are working assiduously to get Malabu trial to a conclusion. For this reason, Italian prosecutors are being awaited next week.” The chairman also announced the resolve of the agency to go after top Nigerian contractors who collected huge sums of money from the government and its agency for key projects and services but abandoned those projects and disappeared into thin air. Magu also announced that the commission was on the trail of top Nigerians who looted public treasury to acquire choice property in Dubai and other world capitals, and were desperately trying to dispose of such property so as to evade arrest, prosecution and forfeiture by the EFCC. “We are going after top Nigerians trying to sell their property in Dubai to evade detection, confiscation and prosecution. We are in touch with Dubai authorities. Those countries are willing to work with us and stop corruption,” he said.

EFCC has recovered from Abacha loot $322 million from Switzerland in 2017 and $308 million from Jersey Island, United Kingdom in February 2020 which is the most current. Switzerland tops the list of recoveries. A total of about $2.6 billion of the funds so far repatriated to Nigeria was from Switzerland while the other recoveries came from UK and USA.

It is yet to know if Ibrahim Magu has any illegal deals going on, has he confiscated and diverted some of these funds to his personal account no one knows but we await the result of the ongoing probe and possible charge by the government as we believe that there must be a reason beyond any reasonable doubts why the chairman is suspended.

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