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efcc-re-arraigns-malabu,-seven-others-for-alleged-fraud
EFCCMalabuNEWSPOLITICSUncategorized

EFCC Re-Arraigns Malabu, Seven Others For Alleged Fraud

by Bioreports
written by Bioreports

The Economic and Financial Crimes Commission (EFCC) on Tuesday, re-arraigned Malabu Oil & Gas Limited, Aliyu Abubakar and six others before Justice I.E. Ekwo of the Federal High Court sitting in Abuja, on 67 amended charges, bordering on money laundering to the tune of $875,740,000.

According to a statement by the Head, Media & Publicity, EFCC, Dele Oyewale, the other six defendants are Group Construction Company Limited; Rocky Top Resources Limited; Megatech Engineering Limited; Novel Properties and Development Company Limited, Imperial Union Limited and Carlin International Nigeria Limited.

The suit marked: FHC/CR/268/2016, which initially had nine counts, was filed in 2016.

At the proceedings on Tuesday, EFCC Counsel, Bala Sanga told the court that he was ready with the amended charges and for the eight defendants to take their pleas.

The defendants pleaded not guilty to all the 67 charges.

Sanga then prayed the court to grant a date for commencement of trial.

Justice Ekwo adjourned the matter to Thursday, for the commencement of trial and granted that the defendants continue with their existing bail.

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dss-arrests-effc-acting-chairman,-magu
DSSEFCCFeaturedIbrahim MaguNEWSPOLITICSUncategorized

DSS Arrests EFFC Acting Chairman, Magu

by Bioreports
written by Bioreports

Ibrahim Magu, Acting Chairman of the Economic and Financial Crimes Commission (EFCC), has been arrested by the Department of State Services (DSS).

Sahara Reporters say he was arrested over allegations that he owns four properties.

He is also alleged to have transferred funds abroad through a third party.

In 2016, DSS accused the EFCC boss of living in a N40m mansion paid for by one Umar Mohammed, a retired Air Commodore.

According to DAILY POST, EFCC spokesman, Dele Oyewale, did not take calls.

The DSS report said on December 2010, the Police Service Commission (PSC) found Magu guilty of action prejudicial to state security – withholding of EFCC files, sabotage, unauthorised removal of EFCC files and acts unbecoming of a police officer, and awarded him severe reprimand as punishment.

It noted that Magu is “currently occupying a residence rented for N40m at N20m per annum. This accommodation was not paid [for] from the commission’s finances, but by one Umar Mohammed, air commodore retired, a questionable businessman who has subsequently been arrested by the secret service”.

DSS stated that Magu enlisted “the Federal Capital Development Authority to award a contract to Africa Energy, a company owned by the same Mohammed, to furnish the residence at the cost of N43m”

In one of such trips, the report added that Magu flew to Maiduguri alongside Mohammed with a bank MD who was being investigated by the EFCC over complicity in funds allegedly stolen by the immediate past petroleum minister, Diezani Alison-Madueke.

“Furthermore, the EFCC boss has so far maintained a high-profile lifestyle. This is exemplified by his preference for first-class air travels. On 24 June 2016, he flew Emirate airlines first-class to Saudi Arabia to perform lesser hajj at the cost of N2.9m. This is in spite of Mr President’s directive to all public servants to fly economy class.

“Magu has fostered a beneficial relationship with Mohammed who by his confession approaches clients for possible exploitation, favours and associated returns,” the DSS report said.

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magu:-nobody-is-above-scruitny-–-presidency
EFCCFeaturedIbrahim MaguNEWSPOLITICSUncategorized

Magu: Nobody Is Above Scruitny – Presidency

by Bioreports
written by Bioreports

The Presidency on Tuesday declared that the ongoing probe of the acting Chairman of the Economic and Financial Crimes (EFCC), Ibrahim Magu, is an affirmation that nobody under the present administration is above scrutiny.

According to facts made available to State House correspondents by a source in the presidency who pleaded anonymity, the interrogation of the anti-graft agency boss is to give him the opportunity to clear himself of weighty allegations.

The source maintained that the investigation of the EFCC boss was to reinforce the Buhari administration’s commitment to transparency and accountability, adding that the holder of such an elevated office must be above suspicion.

It assured that the administration will not prejudge anyone as it could be counted on to uphold justice and fairness.

The unsigned statement read: “The panel investigating allegations against Ag. EFCC Chairman had been sitting for some weeks now.

“In consonance with the principle of fairness and justice, it was needful that the Ag. Chairman be given opportunity to respond to the allegations, which are weighty in nature.

“Under the Muhammadu Buhari administration, nobody is above scrutiny. Repeat: nobody.

“The investigation is to reinforce transparency and accountability, rather than to vitiate it.

“Accountability for our actions or inactions is an inalienable part of democracy.

“In such elevated position as that of EFCC Chairman, the holder of the position must be above suspicion.

“There’s no prejudgement. Absolutely none. The Buhari administration can be counted on to uphold fairness and justice at all times,” the source said.

Meanwhile, the Department of State Services (DSS) has said that contrary to claims that Magu had been arrested, he was only invited by a presidential panel that had been reviewing the activities of the EFCC.

According to the DSS, he was served the invitation to the panel, while on his way to the Force Headquarters, Abuja for a meeting and he was neither arrested nor forced to honour the invitation.

On Monday, the EFCC boss appeared before the panel probing allegations of gross misconduct against him.

The panel is led by Ayo Salami, retired president of the appeal court.

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