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Magu abandoned N118bn fraud cases, failed to remit N48bn loot — Salami panel

ABUJA — THE presiden-tial board that tested previous acting director of the Economic and Financial Crimes Commission, EFCC, Mr Ibrahim Magu said that 14 misrepresentation cases including N118 billion and $309 million were deserted by Magu.

In the last report submitted to President Muhammadu Buhari in November 2020, the EFCC, under Magu’s supervision, was likewise blamed for not dispatching one more N48 billion plunder recuperated in unfamiliar and neighborhood monetary standards, TheCable can report.

The board headed by previous President of the Court of Appeal, Justice Ayo Salami (retd), was gotten up in a position test the EFCC from May 2015 to May 2020 when Magu was responsible for the organization.

TheCable comprehends that the report has now been submitted to the workplace of the Secretary to the Government of the Federation.

A board to create the white paper will before long be set up, administration sources informed TheCable.

The previous EFCC supervisor was affirmed to have misused the recuperated plunder and offered held onto resources for his partners.

Wahab Shittu, Magu’s legal counselor, declined to remark on the report when reached by TheCable “in light of the fact that I can’t chat on a report I have not seen”.

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The report evaluated both composed and oral declarations of north of 100 observers, having overwhelmed cross country actual confirmation of recuperated relinquished resources, involving land, autos, vessels and other non-cash as well as money resources.

The survey of the report of the Presidential Committee on Audit of Recovered Assets, PCARA, seemed to show that the counter join commission gave problematic figures on the complete number of recuperated land.

The report peruses to some degree: “The EFCC under the watch of the suspended Ag. Director in its accommodation to PCARA revealed N46,038,882,509.87 similar to the unfamiliar money identical recuperated by the commission between May 29, 2015, and November 22, 2018.

“The EFCC, be that as it may, just created proof of lodgements of N37,533,764,195.66, leaving a deficit of N8,505,118,314.21.

“The EFCC answered to PCARA a complete naira recuperation of N504,154,184,744.04; the genuine bank lodgement of the naira recuperations was, in any case, N543,511.792,863.47.

“That EFCC neglected to deliver before PCARA the proof/record of the distinction of N39,357,608,119.43.

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“The EFCC, in its profits on non-cash resources, made to the president on April 7, 2017, pronounced 836 as the all out number of recuperated genuine bequests, while in its first and second re-visitations of PCARA, it delivered problematic figures of 339 on 13/12/2017, leaving a distinction of 497 and 504 on 9/3/2018, with a distinction of 332.

“Somewhere in the range of 2016 and 2019, fourteen (14) acquisition extortion cases including N117,972,209,035 and $309,151,419 were deserted under Mr Ibrahim Magu’s watch.”

The commission saw from its discoveries that legal choices by Ibrahim Magu on case records depended on his own impulses, as illegal and realities. The commission additionally noticed the predominance of far and wide debasement, maltreatment of force and unavoidable exemption in the running of the EFCC.”

The board additionally expressed records of relinquished resources were ineffectively kept by the commission.

“In 2016, Magu stopped the most common way of discarding two at last relinquished vessels, MT Good Success with 1,459 metric lots of PMS; and MT Askaris with 3,423,097 metric lots of unrefined… the cargoes in the long run sank… Magu additionally requested that the naval force discharge two vessels passing wrongfully refined AGO on to their proprietors,” the board said.

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“Thirteen water vehicles (vessels) gave over to the EFCC by the Nigerian Navy, out of a complete number of 154 vessels, have lowered (sunk) with lots of items.

“The entries made by the EFCC before the commission shows that, from initiation to date, the all out number of non-cash resources recuperated under conclusive relinquishment was 3133. The examination of the recuperations shows that a portion of the resources were discarded, relinquished to an outsider or carelessly lost. The commission directed actual confirmation of recuperated resources the nation over from first 27th October 2020.

“The result of the activity was uncovering as a portion of the relinquished resources have been lost, crumbled, truly moved by the suspects, or couldn’t be followed and in certain occasions stay in occupation years after their last relinquishment.

“The EFCC detailed removal of 275 land, the legal commission just affirmed 76 removal”, the report added

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