Magu, submits many pages of defence, photos to presidential panel
Ibrahim Magu, the acting Chairman of the Economic and Financial Crimes Commission, who has since been suspended, on Thursday along with his lawyer, Wahab Shittu, presented a 34-page letter with 100 annexure to the Presidential panel investigating him.
Magu, It was learnt appeared before the Justice Ayo Salami-led panel around 1pm and was still there as of 6pm.
Magu is under investigation and he is currently explaining to the panel how recovered assets were disposed of and how monies seized from looters were kept.
According to a top source at the EFCC, “Magu arrived at the Presidential Villa along with his lawyer and some aides. However, only Magu and his lawyer were allowed inside the main hall. They have been there for the last five hours.
“Magu presented a 34-page letter which was spiral bound with 100 annexure including pictures. We are hopeful that he will be able to convince the panel that all the allegations levelled against him are trumped up.”
Recall that Magu has earlier stated that some of the recovered vehicles were auctioned to the Presidential Villa, the Ministry of Humanitarian Affairs, Disaster Management and Social Development, the Federal Inland Revenue Service and others. He went further to state that the agencies had not paid the funds but the Federal Government had agreed to deduct the money from their financial allocations.