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Magu Failed To Remit N48billion Loot Including Seized Jets, Hotels

Salami Panel Investigates How Ex-Chairman Of Anti-Graft Agency, EFCC, Magu Failed To Remit N48billion Loot Including Seized Jets And Hotels —

According to the findings of the presidential panel that investigated him, Ibrahim Magu, the former acting chairman of the Economic and Financial Crimes Commission, abandoned 14 fraud cases totaling N118 billion and $309 million (EFCC).

According to TheCable, the EFCC, under Magu’s supervision, was also accused of failing to remit another N48 billion loot recovered in foreign and local currencies in the final report submitted to President Muhammadu Buhari in November 2020.

The panel was formed to investigate the EFCC from May 2015 to May 2020, while Magu was in charge. It was led by former Supreme Court President Ayo Salami.