👤 Adenike Lucas, DENISAURUS News
President Muhammadu Buhari has remarked sadly over the abuse of trust displayed by Ibrahim Mustafa Magu, a “perennial offender,” who is being quizzed about the disappearance of assets worth billions of ₦aira.
Mr Magu, 58, the first person whose nomination as Chairman of the Economics and Financial Crimes Commission, EFCC, was rejected due to an indicting report written by the Department of State Service, DSS, could not also account for billions of ₦aira recovered from suspects.
The erstwhile EFCC boss, who was apprehended last month, sources told this paper, made the public believe he was working. “He was always recovering money, but when you look at the inventory, the account at CBN and asset forfeiture list, the money and assets is not complete.”
READ ALSO: JUBILATION: Perennial Offender, EFCC’s Magu Arrested For Re-looting Recovered Exhibits
A Panel commissioned by the President is currently investigating Mr Magu. When the President was asked about the issue, he noted that it was “an abuse of trust.”
“There has been abuse of trust by people trusted by the previous administration and this administration.”
Nigeria’s 77-year-old Commander in Chief, who is serving a second term explained that measures were put in place to prevent people like Mr Magu, a Commissioner of Police, from looting the recovered loot, but it did not stop them.
READ ALSO: EXCLUSIVE: How EFCC’s Magu Was Accosted And Blocked By Security Operatives But Resisted Own Arrest
“A number of assets have been recovered and some money. But we have introduced TSA where all the monies are taken and I said asset should be sold and the money be put through TSA so that it can be identified at any level and I will see who will come after us and take it back again to those who misappropriated public funds.”
DENISAURUS News, had in 2016 exclusively reported how Mr Magu was not listing all assets recovered from Politically Exposed Person, and how he was fraudulently negotiating the sale of this properties to them.
At the time, a publisher who published the story written by Adenike Lucas, the editor of DENISAURUS News, was arrested by Mr Magu.
A few years after and the Attorney General of the Federation, Abubakar Malami, SAN, having discovered an inconsistency in the figures from Mr Magu and a committee set up to look into asset recovery, wrote to President Buhari advising for the removal of the police officer, who the DSS described as a liability to the fight against corruption.
READ ALSO: Adeosun’s Query On Assets Recovered By EFCC Magu Vindicates DENISAURUS Newspaper (LONG READ)
The 58-year-old Commissioner of Police, who this paper exclusively revealed was using Prophet Emmanuel Omale as a conduit for siphoning money, was asked severally on what he had done with recoveries and was unable to account for them when asked by the eight Senate and a former Minister of Finance.
Mr Magu in reply said the Presidency has some questions to answer. The suspended EFCC acting chairman, through his lawyer listed 10 questions for the Presidency to answer following the statement of President Buhari over abuse of trust.