Magu denies misappropriating NNPC funds, vows not to keep quiet any longer

Magu denies misappropriating NNPC funds, vows not to keep quiet any longer

- The suspended EFCC chief, Ibrahim Magu, has talked tough over the allegations being levelled against him'

- Magu who spoke through his lawyer said he will no longer keep quiet

- The embattled EFCC boss said the allegations against him border on matters that were never brought before the presidential panel probing the activities of the EFCC under him

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The suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has vowed to start responding to every allegation against him now ”point to point”.

The embattled EFCC boss in a statement issued by Wahab Shittu, his lawyer, denied misappropriating funds recovered for the Nigerian National Petroleum Corporation (NNPC), The Cable reports.

Legit.ng gathers that Magu said the allegations against him border on matters that were never brought before the panel set up by President Muhammadu Buhari to probe the activities of the EFCC under him.

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I won’t fold my arms any longer… I’ll reply every attack point to point - Magu

Magu denies misappropriating NNPC funds. Photo credit: Premium Times
Source: UGC

He also said the allegations were prejudicial to the proceedings of the panel.

”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 defense for the world to see,” Magu said through his lawyer.

"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.

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“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,” he said.

He also described the allegations of false asset declaration against him as “gross misrepresentation and blatant falsehood”.

“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 said.

Responding to the allegation that he was shielding some persons in the Federal Inland Revenue Service (FIRS) from prosecution, Magu said it is “falsehood from the pit of hell”.

“Investigations were painstakingly conducted by EFCC under our client’s watch. The matter has since been referred for prosecution. Charges have been prepared ahead of arraignment in court,” he said.

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“Our client has no interest in shielding anyone found culpable from the long arms of the law. At any rate, time does not run against the state in criminal prosecutions. It is tendentiously wicked to suggest that our client excluded major approving authorities from the criminal process.

“As a matter of fact, one Peter Hena, head of the FIRS coordinator support services group, who allegedly authorized the illegal payment is one of those listed to be arraigned. The case was properly investigated and professionally vetted with our client deploying no influence whatsoever on the outcome."

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Meanwhile, Abubakar Malami, the Attorney-General of the Federation (AGF), has said that the probe Magu is a plus for the administration of the President Buhari.

Malami said this on NTA’s ‘One-on-One’ programme in the evening of Friday, July 24, while reacting to questions from the host, Cyril Stober.

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The AGF stated that the probe of the suspended EFCC chairman was evidence that no one was above the law.

Responding to a question on whether the probe was to settle personal scores, the minister of justice said he wasn’t the one probing the EFCC rather it was the presidency that set up a panel to investigate the commission.

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

Source: Legit

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