Nigeria

Magu denies misappropriating NNPC’s N329bn

Monday, July 27, 2020 at 11:16 AM by Aanu Adegun

- Magu has denied involvement in NNPC fraud

- The suspended EFCC chair called the allegation against him as misleading and fallacious

- Going further, Magu insisted that the money recovered were remitted into dedicated accounts

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As probe against him continues amidst public interest, Ibrahim Magu has denied media reports that the commission under him misappropriated the sum of N329 billion recovered for the Nigerian National Petroleum Corporation (NNPC).

The suspended acting chairman of the Economic and Financial Crimes Commission (EFCC) consequently labeled the reports as misleading and fallacious.

He disclosed this in a statement by his lawyer, Wahab Shittu, Nigerian Tribune reports.

Magu said over N329 billion recovered by EFCC under him was remitted directly into the NNPC dedicated accounts via Remitta under special arraignment endorsed by the Corporation, the anti-graft agency and the affected indebted marketers.

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Meanwhile, Legit.ng had reported that the anti-corruption campaign of the Buhari administration has come hard on an official in Gombe state who was sentenced to 31 years in prison over money laundering.

Samuel Bulus Adamu, a former chairman of Shongom local government area of Gombe state was sentenced by a court that found him guilty of a seven-count charge bordering on fraud, cheating and money laundering.

EFCC Gombe zonal office charged the official to court after it received a petition from the TICAN Engineering Enterprises on allegations bordering on fraud, cheating and money laundering to the tune of N97,640,000.

The EFCC disclosed that after being found guilty, the trial judge, Justice Afolabi, sentenced Adamu to five years imprisonment on counts 1, 2 and 4 without an option of fine.

On count 3, the court sentenced him to seven years imprisonment without an option of fine, and on counts 5, 6 and 7, the court sentenced him to 3 years imprisonment each without an option of fine. The sentence is to commence from July 10, 2020, and run concurrently.