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Former EFCC boss, Magu abandoned N118bn fraud cases, failed to remit N48bn loot — Salami panel

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The presidential panel instituted to probed the activities of former acting chairman of the Economic and Financial Crimes Commission, EFCC, Mr Ibrahim Magu, has said that 14 fraud cases involving N118 billion and $309 million were abandoned by Magu.

In its final report submitted to President Muhammadu Buhari in November 2020, the EFCC, under Magu’s watch, was also accused of not remitting another N48 billion loot recovered in foreign and local currencies.

Recall that the panel headed by former President of the Court of Appeal, Justice Ayo Salami (retd), was set up to probe the EFCC from May 2015 to May 2020 when Magu was in charge of the agency.

The story, earlier reported by TheCable, said that the report has now been submitted to the office of the Secretary to the Government of the Federation.

A panel to produce the white paper will soon be set up, presidency sources informed TheCable.

The former EFCC boss was alleged to have mishandled the recovered loot and sold seized assets to his associates.

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Wahab Shittu, Magu’s lawyer, declined to comment on the report “because I cannot talk on a report I have not seen”.

The report reviewed both written and oral testimonies of over 100 witnesses, having overtaken nationwide physical verification of recovered forfeited assets, comprising real estate, automobiles, vessels and other non-cash as well as cash assets.

The review of the report of the Presidential Committee on Audit of Recovered Assets, PCARA, appeared to show that the anti-graft commission gave contradictory figures on the total number of recovered real estate.

The report reads in part: “The EFCC under the watch of the suspended Ag. Chairman in its submission to PCARA reported N46,038,882,509.87 as being the foreign currency equivalent recovered by the commission between May 29, 2015, and November 22, 2018.

“The EFCC, however, only produced evidence of lodgements of N37,533,764,195.66, leaving a shortfall of N8,505,118,314.21.

“The EFCC reported to PCARA a total naira recovery of N504,154,184,744.04; the actual bank lodgement of the naira recoveries was, however, N543,511.792,863.47.

“That EFCC failed to produce before PCARA the evidence/record of the difference of N39,357,608,119.43.

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“The EFCC, in its returns on non-cash assets, made to the president on April 7, 2017, declared 836 as the total number of recovered real estates, while in its first and second returns to PCARA, it rendered contradictory figures of 339 on 13/12/2017, leaving a difference of 497 and 504 on 9/3/2018, with a difference of 332.

“Between 2016 and 2019, fourteen (14) procurement fraud cases involving N117,972,209,035 and $309,151,419 were abandoned under Mr Ibrahim Magu’s watch.”

The commission observed from its findings that prosecutorial decisions by Ibrahim Magu on case files were based on his personal whims, as against the law and facts. The commission also notes the prevalence of widespread corruption, abuse of power and pervasive impunity in the running of the EFCC.”

The panel also said records of forfeited assets were poorly kept by the commission.

“In 2016, Magu halted the process of disposing of two finally forfeited vessels, MT Good Success with 1,459 metric tons of PMS; and MT Askaris with 3,423,097 metric tons of crude…the cargoes eventually sank…Magu also asked the navy to release two vessels conveying illegally refined AGO to their owners,” the panel said.

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“Thirteen water vehicles (vessels) handed over to the EFCC by the Nigerian Navy, out of a total number of 154 vessels, have submerged (sunk) with tons of contents.

“The submissions made by the EFCC before the commission shows that, from inception to date, the total number of non-cash assets recovered under final forfeiture was 3133. The analysis of the recoveries shows that some of the assets were disposed of, forfeited to a third party or negligently lost. The commission conducted physical verification of recovered assets across the country from 1st-27th October 2020.

“The outcome of the exercise was revealing as some of the forfeited assets have been lost, deteriorated, physically possessed by the suspects, or could not be traced and in some instances remain in occupation years after their final forfeiture.

“The EFCC reported disposal of 275 real estate, the judicial commission only confirmed 76 disposal”, the report added.

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Minimum wage: FG’s N48,000 proposal makes no sense — TUC

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The Trade Union Congress (TUC) has rejected the N48,000 proposed by the Federal Government as the new minimum wage, saying it does not make any sense.

The TUC President, Festus Osifo berated the FG’s proposal while speaking in an interview on Channels Television’s Politics Today on Wednesday.

Osifo said the federal government was not being serious in the negotiation with the workers.

According to Osifo, the least federal workers are already earning up to N77,000, saying proposing N48,000 at the moment is ‘abysmal.’

 

He said, “Before President Muhammadu Buhari left office, the last person in the federal ministry was actually earning N42,000.

“If you now factor in the wage award of N35,000 that was given, N42,000 plus N35,000 will give us N77,000, so as of today what the least federal government worker earns is N77,000.

 

“So, the question that we now ask is that if the least federal government worker is earning N77,000, why are you now coming to present N48,000? It does not just make any sense,” he said.

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Osifor challenged the Federal Government to come forward with data backing the N48,000 proposal and convince the union members on how that amount reflect the reality of the average Nigerian worker.

Recall that earlier on Wednesday, the labour unions walked out of the ongoing minimum wage negotiations with the government and the Organised Private Sector following what the union leaders described as a ridiculous offer by the government.

 

The TUC leader said that at the meeting, the labour unions proposed a N615,000 minimum wage which they gave a breakdown of how it was arrived at.

 

He said that the government on its part presented N48,000 with no breakdown of how it can cater for the needs of the Nigerian workers.

 

According to Osifo, failure to back the N48,000 proposal up with data shows unpreparedness on the part of the government which was why the union leaders walked out of the meeting.

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He said that the union members still maintain that all conversations around a new national minimum wage must be concluded by the end of May.

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Good morning! Here Are Some Major News Headlines In The Newspapers Today: 8 worshippers dead, 28 hospitalised as man sets mosque ablaze in Kano

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1. A family dispute over the sharing of inheritance has led to grief and death in the quiet community of Larabar-Albasawa on the outskirts of Gezawa, headquarters of Gezawa Local Government Area of Kano State. Eight people were confirmed dead and more than 20 are now at the Murtala Muhammad Specialist Hospital, Kano, after 38-year-old Shafiu Abubakar set a mosque on fire while worshippers were observing the early morning prayer.

 

2. The Nigeria Labour Congress and the Trade Union Congress on Wednesday dumped the minimum wage negotiation after the Federal Government offered to pay N48,000, a figure far below the N615,00 the unions were demanding as the new national minimum wage.

 

3. The average price of imported food commodities to Nigeria rose to its highest level, reaching 34 per cent in one year between April 2023 and April 2024. This represents an increase of 200 basis points from 32 per cent recorded in March 2024, according to an analysis of the Consumer Price Index report released by the National Bureau of Statistics on Wednesday.

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4. The Federal Government is set to tackle the power challenges in Nigeria with an additional 500 million standard cubic feet of gas in the domestic market. The government said it would also enhance industrialisation and create more jobs with more gas supply into the nation’s economy.

 

5. The result of the autopsy conducted on the body of the late singer, Ilerioluwa Aloba, aka Mohbad, is said to have been unable to ascertain the cause of his death. A Senior Advocate of Nigeria, Wahab Shittu, disclosed this while addressing the press at the coroner’s inquest held in Lagos State on Wednesday.

 

6. An official of the National Drug Law Enforcement Agency, Uduo Achu, on Wednesday, narrated to the Federal High Court in Lagos how a convicted drug baron, Steve Adigwe, also known as Isioma Obobo, received huge sums of money from the illicit trade and laundered the same. Achu said that the convict attempted to disguise the origin of the said money which is over N400m.

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7. The process for nationwide deployment of Compressed Natural Gas, CNG, vehicles has commenced. Not less than 530 buses are to be deployed by the end of the month in six pioneering states. These are Oyo, Lagos, Kwara, Kogi, Kaduna, Nasarawa, and the Federal Capital Territory, FCT Abuja.

 

8. Five loyalists of Nyesom Wike, Minister of Federal Capital Territory, FCT, have resigned from the cabinet of Governor Siminalayi Fubara. They were among those who rejoined the cabinet after President Bola Tinubu brokered a peace deal that eventually collapsed.

 

9. The FCT Department of Development Control has commenced the demolition of over 500 illegal structures at the popular Karmo market in the territory. The assistant director of sector monitor in the Department of Development Control, Tpl Garba Jibrin, said the administration decided to demolish the market because the area has been encountering lots of bottlenecks because of the market since inception of Abuja.

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10. The Federal Government is working to reconstitute the governing councils of its universities across the country, the Executive Secretary of the National Universities Commission (NUC), Chris Maiyaki, has said. He said the Minister of Education, Prof. Tahir Mamman, had constituted a panel to work on the list of the people who would be on the councils.

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Five pro-Wike commissioners quit Fubara’s cabinet

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A fresh wave of mass resignations has hit the Rivers State Government headed by Governor Siminalayi Fubara after five more commissioners, who are loyal to the Minister of the Federal Capital Territory (FCT), Nyesom Wike, have resigned from the governor’s cabinet.

 

Those who resigned are Chinedu Mmom (from the Ministry of Education), Gift Worlu (from the Ministry of Housing) and Jacobson Nbina (from the Ministry of Transport).

 

Inime Aguma resigned as the Commissioner for Social Welfare and Rehabilitation saying “there is no room for progressional development in the work place”.

 

Austin Ben-Chioma also resigned as the Commissioner for Environment “due to the political crisis befalling our dear Rivers State and other personal reasons”.

 

Mmom and Worlu cited a toxic working environment as the main reason for their exit while Nbina cited “unresolved political crisis” in the state as his reason for exit.

 

The five persons were among the commissioners who first resigned from the governor’s cabinet last December in the wake of the political crisis in the state but were readmitted into Fubara’s cabinet following President Bola Tinubu’s intervention.

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Earlier, three commissioners, Zacchaeus Adangor, Emeka Woke and Alabo George-Kelly also resigned from the Ministries of Justice, Special Projects and Works respectively.

 

Governor Fubara recently announced a plan by his administration to set up a panel of inquiry to probe the governance of the state under the Wike administration.

The governor accused his opponents of deliberately sabotaging his administration while he was hoping that the issue in the state would be resolved amicably.

 

The move was the latest twist in the political crisis rocking the oil-rich state. The development has seen a deepening of the feud between Fubara and the state House of Assembly.

 

Last week, lawmakers loyal to the governor elected a new speaker. Fubara had also issued an executive order relocating the sitting venue of the Rivers State House of Assembly to the Government House, citing safety concerns.

 

The feud is due to the fallout between Fubara and his predecessor and current Minister of the FCT Nyesom Wike. President Tinubu had waded into the crisis last year but the imbroglio appears to be far from over.

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