Magu Responds To NNPC Recovered N329m Allegation


The legal team of the suspended Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has been responding to some of the allegations against him especially those bothering on the alleged diversion of funds recovered by the Commission.

Mr Magu’s lawyer, Wahab Shittu in an interview  with journalist said the EFCC under Mr Magu’s watch never misappropriated any funds recovered for the Nigerian National Petroleum Corporation (NNPC), describing such reports as false.

Wahab said: “Take notice that our client can no longer fold his hands in the face of these sustained malicious attacks to prejudge him in the public space. Our client will henceforth, point by point reply to all false allegations orchestrated against him in the public space on a daily basis as well as present his comprehensive defence for the world to see. This is without prejudice to the willingness of our client to defend himself in the ongoing proceedings at the Presidential Investigation Panel.”

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He explained that the well over 329 million naira recovered by the EFCC was remitted directly into NNPC dedicated accounts via remitta under a special arrangement endorsed by the NNPC, EFCC, and the affected NNPC marketers.

The lawyer further noted that the remittances can be independently verified both at the NNPC and the EFCC records and that the issue of NNPC recovered funds never featured in the proceedings of the presidential panel.

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“By virtue of the said special arrangement, the NNPC had requested formally the EFCC to recover the said amount from the affected oil marketers who were expected to pay such funds directly to NNPC while the NNPC in turn confirmed receipt of such payments to EFCC.

“Therefore, the EFCC never took custody of any of the recovered funds and so, the question of misappropriation of such funds by EFCC or our client could not have arisen as falsely published. This can be independently verified both at the NNPC and the EFCC records.”Shittu added.

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Other allegations that Mr Shittu dispelled include that of assets declaration and failure by Mr Magu to properly explain the rationale for the exclusion of culprits in the alleged misapplication of three billion naira in the Federal Inland Revenue Service (FIRS).

He described the allegations as fraudulent and deliberate attempts to malign Mr. Magu.


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