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‘EFCC Auctioned Recovered Vehicles To Presidential Villa, FIRS, Other Agencies’ – Magu

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Suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has said some of the vehicles recovered by the EFCC were auctioned to the Presidential Villa, the Ministry of Humanitarian Affairs, Disaster Management and Social Development as well as the Federal Inland Revenue Services (FIRS) and other agencies.

He further stated that some of these agencies have not paid for the vehicles but there was an arrangement that the money would be deducted from their financial allocation.

Magu, in a letter addressed to the Justice Ayo Salami-led panel titled, ‘Re: Alleged Case of Conspiracy, Enrichment, Abuse of Public Office and Other Infractions,’ explained how some of the recovered vehicles were auctioned.

The letter was in response to an earlier report by the Presidential Committee on Audit of Recovered Assets in which Magu was accused of being unable to account for the interest accrued to N550bn recovered funds as well as recovered vehicles and houses.

In his response to the allegations of being unable to account for recovered vehicles, Magu stated;

On allocation of vehicles to some government agencies through special auction with presidential approval. The beneficiary agencies are: the Ministry of Humanitarian Affairs and Disaster Management of which the valued price is to be debited from their allocation; State House, National Commission for Refugees and Displaced Persons; Federal Inland Revenue Service and National Directorate of Employment.

The suspended EFCC boss said about 450 other vehicles, which had been recovered, was yet to be sold despite receiving presidential approval to do so.

Magu stated;

The commission presently has presidential approval to dispose over 450 forfeited vehicles located in Lagos and Abuja. The vehicles have been valued by the National Automotive Council Valuers and the Federal Ministry of Works and Housing, but no sale/disposal has been conducted yet.

He said some of the houses permanently forfeited to the Federal Government by looters had also been handed over to some government agencies like the Voice of Nigeria (VON), North-East Development Commission and the Pension Transitional Arrangement Directorate.

The suspended EFCC boss explained that some other properties, which had been forfeited pending the outcome of court cases, were being rented by the Federal Ministry of Finance, the Nigerian Army and other agencies of government.

The letter further reads;

Real properties finally forfeited to the Federal Government of Nigeria and allocated to some agencies for official use in line with the Presidential approval are: Voice of Nigeria, National Directorate of Employment, Ministry of Humanitarian Affairs and Disaster Management, North East Development Commission and Pension Transitional Arrangement Directorate.

Properties under interim forfeiture order are rented by the following government agencies: Nigerian Army, Federal Ministry of Finance, Fiscal Responsibility Commission, Nigerians in Diaspora Commission and Federal Airports Authority of Nigeria.

Other agencies of government that have approached the commission to rent properties under interim forfeiture order include: National Human Rights Commission and National Council for Arts and culture.

Magu said the commission also temporarily handed over property in Lagos to the Lagos State Government for use as isolation centres for COVID-19 patients.

The suspended EFCC boss attached photographs of some of the recovered assets to the letter he addressed to the panel.

However, it was learnt that an attempt by Magu’s lawyer, Wahab Shittu, to submit the letter to the panel on Monday was rebuffed.

The panel was said to have insisted that there was no basis for the letter and informed Shittu that Magu would be summoned if there was a need for clarification.

A government source told Punch that the Presidency would not like to be dragged into the matter, saying;

Magu wrote to the panel, it is the panel that should be responding to him if the need be.

Read Also: Breaking: EFCC Acting Chairman, Ibrahim Magu Arrested

Magu was arrested by the police on July 6, 2020 and brought before the Justice Ayo Salami-led panel at the Presidential Villa.

Read Also: Breaking: Magu Released From Detention 9 Days After Arrest

He was subsequently suspended and detained for about 10 days at the Force Criminal Investigation Department (FCID), Abuja.

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