Ibrahim Magu reveals how Malami compromised transparent disposal of forfeited vessels

Ibrahim Magu reveals how Malami compromised transparent disposal of forfeited vessels

- Former EFCC boss, Ibrahim Magu, has again hit at the minister of justice, Abubakar Malami

- Magu accused Malami of compromising transparent disposal of forfeited vessels

- The suspended EFCC chief is being probed over alleged corruption levelled against him

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The raging controversy between the suspended acting chairman of the Economic and Financial Crime Commission (EFCC), Ibrahim Magu and the minister of justice and attorney-general of the federation, Abubakar Malami, over alleged re-looting of seized property is yet to abate.

Premium Times reports that the embattled ex-EFCC boss accused Malami of frustrating efforts made by the anti-graft commission to transparently dispose of vessels forfeited to the Nigerian government.

Legit.ng gathered that Magu, who was responding to an enquiry by the presidential probe panel investigating allegations of corruptions leveled against him by Malami, accused the AGF of working at cross-purposes with the commission in the disposal of vessels involved in illegal activities to the extent of costing the country at least N283 million in recovered assets.

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The online news platform noted that Magu’s response suggested that the AGF’s action was responsible for the loss of one of the vessels, which was carrying 1,459 metric tonnes (1,979,056.45 litres) of Premium Motor Spirit (PMS).

Ibrahim Magu reveals how Buhari's top minister compromised transparent disposal of forfeited vessels
The suspended EFCC chair, Ibrahim Magu and the minister of justice, Abubakar Malami.
Source: UGC

The suspended EFCC boss made the allegation while responding to a part of the query that alleged that the commission under him mismanaged recovered asset, including vessels involved in economic sabotage.

Magu explained that the vessel was seized with 1459 metric tonnes of PMS, adding that the company also forfeited the N66,069,505 and $975,694.50 in a new generation bank account of Hepa Global Energy Limited, the owner of MT Good Success.

He said although the company tried to upturn the judgement by O.E Abang, a high court judge in 2015, the attempt failed at the Court of Appeal.

He further stated that before the stay of execution filed by the company at the Court of Appeal, he had already commenced actions to ensure that the government benefited from the forfeited funds by lodging it with the Central Bank of Nigeria (CBN).

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The former EFCC boss said the EFCC similarly wrote a letter to Malami with reference number EFCC/SC/JUS/07/101 dated 24/03/16 titled “NOTIFICATION TO DISPOSE” of MT GOOD SUCCESS, recommending the disposal of the vessel and the processes to be adopted.

He said the EFCC under his leadership did so “in demonstrating my total commitment for accountability and transparency in the process of disposition of the forfeited asset.”

Magu said the navy explained that when the vessel was about to sink, efforts were made to relocate it from Lagos Anchorage and attempts were made to inform the commission’s Lagos office but were unable to do this before the vessels submerged.

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Meanwhile, Legit.ng had previously reported that a group of civil society organisations passed a vote of confidence on Malami.

It was reported that the organisations, Northern Youths Progressive Assembly, South West Youths Congress and South East Youths Movement Of Nigeria, at a joint press conference in Abuja, alleged threat to the life of Malami, for his stand on the anti-corruption fight of the federal government.

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The national coordinators of the groups, Adamu Matazu, Olamide Odumosu and Emanuel Chidibere highlighted the many achievements of Malami as AGF since his appointment by President Muhammadu Buhari.

Buhari suspends Magu as EFCC boss, Nigerians react | - on Legit TV

Source: Legit

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