How Magu’s EFCC Shared 53 Property Seized From John Yusuf, Teidi, Others

👤 Adenike LucasDENISAURUS News

The Economic and Financial Crimes Commission, EFCC, has been accused of sharing houses seized by the defunct Pension Reform Taskforce Team led by Abdulrasheed Maina.

Information gathered by DENISAURUS News revealed that 53 of the houses recovered by the PRTT, have been re-looted by the EFCC. Operatives who made this allegation say the looting is being done by the senior officers working at the agency. They say it is why no audit of assets recovered can be produced.

Their allegation might have received further collaboration by other credible witnesses. A lawmaker investigating matters involving the embittered former PRTT boss, revealed that 222 properties were recovered on behalf of the Federal Government.

Sources close to the investigation told reporters of this paper that among those whose assets were confiscated is one John Yusuf, who two billion was recovered from his bathroom.

A pioneer staff speaking to this paper explained that “John Yakubu Yusuf was the suspect who was given soft landing conviction by a High Court judge where he was asked to pay only less than a million Naira as fined. The said judgement led to the suspension of the presiding Judge.”

Some of the houses seized from Mr Yakubu Yusuf, are: House 21, 4th Avenue , Gwarimpa, Abuja, ‎no 6 close 2nd Avenue Efab City estate, Mbora, Abuja, ‎No. 17, 14 Road Efab estate, Lokogoma, Abuja, Ab 31 a, Sunny Homes, Dakwo District, Abuja, ‎r 10, a, sunny homes, Dakwo district,Abuja, ‎R 10, b, sunny homes, Dakwo district, Abuja, Qq 15, a, sunny homes, Dakwo district, Abuja, Qq 15, b, sunny homes, dakwo district, Abuja.

Also seized where U20 at sunny homes , Dakwo district, Abuja, U1A, sunny homes, Dakwo district, Abuja12, Uu1b, sunny homes , dakwo district, Abuja‎,‎ 4 units of 3 bedroom flats, Brick city, Kubwa Road, Abuja, 8 units of 2 bedromm flats, Gombe GRA‎.

Some of the property that were seized from one of those involved in the pension scam
Esai dangabar are six blocks of flat at Gwarimpa along efab estate, Life camp, Abuja, ‎six blocks at Mabushi behind ministry of works, Abuja.

Estate under construction behind Wuye modern market, Abuja, No. 19 Ukpabi Asika street, Asokoro, Abuja, Flat 3, block 65, Uromi close, Area 3, Garki, Abuja,‎ Farm land , Abuja-Keffi Road, Nasarawa state,‎ Flat 1,2,3,4,5,6,7,8 of plot 906, no 13, Parakou crescent, Wuse 2, Abuja, Mansion under construction, along Gombe-Yola Express way, Kumo, Gombe state.

But a petition revealed that “some interest groups” at the EFCC which is superintended by Ibrahim Mustafa Magu, a “perennial offender,” whose nomination was rejected by the Senate due to an incriminating report from the Department of State Service, DSS, “shared” the recovered loot, DENISAURUS News authoritatively gathered.


Mr Magu who has always been accused by his subordinate of being a liability to the corruption fight and working for personal interest, has been asked to provide some explanation about the recovered assets.

Senator Emmanuel Paulker, a representative from Delta State has now moved a motion at the National Assembly. He said “the Senate is alarmed that the total recovered assets from alleged pension thieves are reported to be allegedly shared by some interest groups.

“The Senate further notes that this revelation emerged during the current investigation by the ad hoc committee on the reinstatement of Maina and the committee equally received a petition on the recovered properties by the task force.”

A petition to the Senate and DSS, by David Adodo, chairman of concerned federal pensioners, stated that about N1.63 trillion of asset was recovered from alleged pension thieves. Mr Addo said many more of such authenticated revelations are coming.

According to Adodo, some EFCC staff who were members of the task force were used in the recovery of the assets.

He said “the defunct Maina Led Pension Reform Task Team recovered assets worth N1.63 Trillion from alleged Pension looters working with the EFCC, ICPC, DSS, POLICE and PARAMILITARY AGENCIES staff, who executed the recoveries and thereafter EFCC took custody of the recovered assets.

“EFCC as a member of the Maina Led Pension Task Team has the statutory powers to bank and take custody of the recovered assets. But today, will EFCC give account of these assets? (222 houses/ hotels, investment portfolios, cash and jewelleries).

“I don’t want to believe that Magu and Lamorde have embezzled these assets just like how former EFCC Chairperson Farida Waziri accused Nuhu Ribadu of stealing all recoveries under his tenure as EFCC Chairman and Ribadu has never responded to date.

“Hence, the Defunct Pension Reform Task wishes to request President Muhammadu Buhari to inaugurate a Commission of Inquiry with very honest law and law enforcement officers from the DSS and the Ministry of Justice, to investigate the whereabouts of these assets from the EFCC.”

DENISAURUS News also understands that in February 2016, several petitions were received by the EFCC accusing some of its officers (Namely: Habibu A. Aliyu, Ruqaya Ibrahim, Isa Dogonyaro, Mustafa Gadanya and a host of others of coercing some pension suspects standing trial into giving them huge sums of money to avert getting convicted.

Some staffers of the EFCC believe that the management of EFCC refused to take action, which means that the whole setup is not clean.

Spokesman of the EFCC, Wilson Uwajereh, when contacted refused to respond.


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