That Magu Did Not Account For N3billion Of FIRS Is Falsehood From Pit Of Hell – Shittu

Suspended EFCC acting Chairman, Magu


The humiliated acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, has denied the accusation that he allegedly misappropriated N329 billion recovered for the Nigerian National Petroleum Corporation (NNPC) and another N3 billion recovered for the Federal Inland Revenue Service (FIRS).

The embattled ex-acting chairman who spoke through his lawyer, Mr. Wahab Shittu said the N329 billion recovered from fuel marketers was remitted directly to the NNPC. He also dismissed an allegation that he falsely declared his assets, saying the Justice Ayo Salami-led presidential panel, probing allegations of malfeasance against him has never confronted him with such an allegation. The lawyer further said that going forward, his client (Magu) would henceforth respond to every allegation against him “point-by-point.”

He said the allegations against him bordered on matters that were never brought before the panel set up by President Muhammadu Buhari to probe the activities of the EFCC under him, adding that the allegations were prejudicial to the proceedings of the panel.

Shittu said, “Take notice that our client can no longer fold his hands in the face of these sustained malicious attacks to prejudge him in the public space. Our client will henceforth, point-by-point, reply to all false allegations orchestrated against him in the public space on a daily basis as well as present his comprehensive defence for the world to see. This is without prejudice to the willingness of our client to defend himself in the ongoing proceedings at the Presidential Investigation Panel.

“The truth of the matter is that well over N329 billion recovered by EFCC under our client’s watch was remitted directly into NNPC dedicated accounts via Remita under a special arrangement endorsed by NNPC, EFCC, and the affected NNPC’s indebted marketers. By virtue of the said special arrangement, NNPC had requested formally the EFCC to recover the said amount from the affected NNPC’s marketers who were expected to pay such funds directly to NNPC while NNPC, in turn, confirmed receipt of such payments to EFCC.

“Therefore, EFCC never took custody of any of the recovered funds and so, the question of misappropriation of such funds by EFCC or our client could not have arisen as falsely published. Our client has never been confronted with any such allegations purportedly arising from the panel’s proceedings. The story attributed to the panel, which has become a recurring decimal, is a dangerous attempt to discredit the work of the honourable panel,” he added.

Reacting on the allegation that N3 billion recovered from FIRS was not accounted for, he described the report as “falsehood from the pit of hell

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