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Magu in the throes of history at EFCC

By - - [Politics ]


The Economic and Financial Crimes Commission (EFCC) under the leadership of Ibrahim Magu may have gained bragging rights as the most effective anti-corruption agency in Africa, but has it really delivered?

The figures of recovered assets and court convictions achieved in the past three years of the anti-corruption war under the leadership of Magu appear to have eclipsed the achievements of his predecessors.

High points

Unarguably, one of the highest points of the EFCC’s investigations in the past three years is the discovery of $43,449,947, £27,800 and N23, 218,000 at an apartment at Osborne Road, Ikoyi Lagos.

EFCC agents on Wednesday, April 12, 2017, in a sting operation entered an apartment at Osborne Towers located on 16, Osborne Road, Ikoyi, Lagos, where the large sums of money were uncovered.

Magu is also agitated over the alleged looting of state funds by a former Petroleum Minister, Diezani Alison-Madueke, who was alleged to have personally organized the diversion of $6 billion (N1.2 trillion) from the Nigerian treasury.

The EFCC has recovered and confiscated property worth millions of naira linked to her, while she has also been charged to court in Nigeria by the EFCC over money laundering issues.

In October 2015, Madueke was arrested by the UK’s National Crime Agency (NCA) in London, along with four other people on suspicion of corruption offences.

Also in an unprecedented move, the EFCC in January 2016 grilled some top military officers indicted in the alleged $2.1 billion arms fraud.

President Muhammadu Buhari ordered the probe when his government discovered that the funds were diverted to other purposes by top officers during former president Goodluck Jonathan’s administration.

The investigation led to the questioning of the senior military officers including retired service chiefs, many who are being prosecuted in court, and millions of naira in assets traced to them has been confiscated.

Last week, Magu told journalists in Abuja that assets recoveries from 2015 to 2018, following court orders which granted prayers for interim and final forfeiture of looted funds include over N794billion and over $261million.

He said 1, 115, 930.47 pound sterling 8, 168, 871. 13 Euros and 86, 500 CFA had also been recovered within the period.



Magu added that hundreds of properties such as filling stations, petroleum products, lands, jewelry, automobiles, real estate, vessels, hospitals, company shares and heavy machinery and broadcast equipment had been seized from corrupt elements between 2015 and 2018.

He added that from 2015 to 2018, 407 mansions were seized, 126 have been forfeited finally and 281 are under interim forfeiture.

He said nine filling stations were seized and placed under interim forfeiture. Lands seized sum up to 98 of which 56 are under interim forfeiture, while 42 have been forfeited finally to the federal government.

The EFCC boss said two 259 automobiles had been seized, 35 are under interim forfeiture while 224 have been forfeited finally.

He said a hospital, St. Solomon’s Health Care Centre located at No. 24, Adeniyi Jones Street, Ikeja, Lagos, had also been forfeited finally. Similarly, Base Transceiver Station (BTS) equipment in 36 sites across five eastern states was forfeited finally on court orders.

The records of conviction obtained by the EFCC since Magu took over from 2015 stands at 703 convictions, including 103 convictions in 2015, 194 in 2016, 189 in 2017 and 217 from January 2018 to date.

In May and June this year, in a departure from the past, two former governors bagged 14 years jail terms each.

The EFCC secured the conviction of a Senior Advocate of Nigeria (SAN) for perverting the course of justice.

The other side of Magu’s reign

On the flip side, the EFCC under the leadership of Magu also faced the challenge of refusal by the senate to confirm his appointment as substantive chairman of the anti-graft agency.

Responding to a question recently that it would not go into official records that he once led the commission, and may not be given the courtesies of a former chairman of the agency, Magu said no body would forget that he once led the commission.



The senate based its rejection of Magu’s confirmation on a security report from the Department of State Services (DSS) which alleged that he lacked the integrity to head the EFCC.

The report said Magu failed their integrity test and would eventually constitute a liability to the anti-corruption drive of the present administration if confirmed.

Among the accusations are that Magu is currently occupying a residence rented for N40million at N20million per annum.

Also, stalwarts of the opposition People’s Democratic Party (PDP) have accused the anti-graft agency of selective prosecution of opposition elements.

On November 13, Samuel Ortom, governor of Benue state, said the EFCC had become a department in the All Progressives Congress (APC).

He said, “In the past few months, civil servants working with me are being troubled for no just cause. Once you decamp from APC, EFCC comes after you. Fighting corruption should not be selective.”



https://www.dailytrust.com.ng/magu-in-the-throes-of-history-at-efcc.html


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8 Comments Nigeria News
Olite1996• 4 weeks ago
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Iyamahsolomon• 4 weeks ago
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ANOINTING• 4 weeks ago
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Raymond• 4 weeks ago
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innkayobami• 4 weeks ago
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iammicharles• 4 weeks ago
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SirGrace• 4 weeks ago
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Abidoun• 4 weeks ago
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