EXCLUSIVE: Magu Concludes Defence As Presidential Panel Begins Verification Of Assets

2
395

Suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, who has been facing a closed door trial by the Justice Ayo Salami- led Presidential Panel since July, has concluded his defence.

Sources close to the panel told this website that it had also begun verification of all assets seized or surrendered to the EFCC at home and abroad, including those linked to Magu, after which it is expected to write its report and submit to President Muhammadu Buhari.

The verifications include investigation of all claims made against Magu and the ones made by him concerning ownership or otherwise of certain assets.

“Members of the panel have started verification of all assets and claims at issue in the trial. They have started visiting all locations of the assets in Nigeria and London with a view to ascertaining the status of those assets and it is after this that they will prepare their report to Mr President,” the source revealed.

Magu is being investigated over allegations of financial misconduct and insubordination leveled against him by the Attorney-General of the Federation and Minister of Justice, Abubakar Malami.

He was arrested on July 6; three days after President Buhari had in a letter dated July 3 approved the establishment of a Judicial Commission of Enquiry under the Tribunals of Inquiry Act (Cap T21, LFN, 2004).

This followed damning allegations of corruption leveled against him by AGF Malami, whose ministry oversees the EFCC.

President Buhari had also directed the panel to submit its interim reports to him not later than 45 days starting “from its first public sitting.”

It is unclear when exactly the panel began sitting, since it was not opened to the public, but it is believed to be around the time Magu was arrested and detained at the Area 10 Force Criminal Investigation Department (FCID) of the police in Abuja.

Sources close to the panel said it was initially expected to submit its interim report on August 16, but had to seek extension when Magu’s lawyers cried against persecution of the suspended anti-graft boss.

His Lawyer, Wahab Shittu, had in a letter to the panel in August demanded fair hearing and copies of relevant exhibits from proceedings of the panel.

Shittu also asked the panel to provide his client with adequate time and facility as he prepares to defend himself, as well as access to all exhibits tendered in the proceeding, a request that was reportedly granted.

For over one month, Magu appeared before the panel to defend himself over allegations bordering on his management of assets seized as proceeds of crime.

Sources tell this website that Magu had now concluded his defence while the panel had embarked on visits to locations where the assets are.

It is not clear how long it would take the panel to conduct verification and write its report, considering how wide-ranging it terms of reference are said to be.

But it is expected that the panel may conclude its assignment and submit its report soon.

President Buhari would decide Magu’s fate after receiving and studying recommendations from the panel.

2 COMMENTS

  1. Hi, my name is Eric and I’m betting you’d like your website stringnewsng.com to generate more leads.

    Here’s how:
    Talk With Web Visitor is a software widget that’s works on your site, ready to capture any visitor’s Name, Email address and Phone Number. It signals you as soon as they say they’re interested – so that you can talk to that lead while they’re still there at stringnewsng.com.

    Talk With Web Visitor – CLICK HERE http://www.talkwithwebvisitors.com for a live demo now.

    And now that you’ve got their phone number, our new SMS Text With Lead feature enables you to start a text (SMS) conversation – answer questions, provide more info, and close a deal that way.

    If they don’t take you up on your offer then, just follow up with text messages for new offers, content links, even just “how you doing?” notes to build a relationship.

    CLICK HERE http://www.talkwithwebvisitors.com to discover what Talk With Web Visitor can do for your business.

    The difference between contacting someone within 5 minutes versus a half-hour means you could be converting up to 100X more leads today!

    Try Talk With Web Visitor and get more leads now.

    Eric
    PS: The studies show 7 out of 10 visitors don’t hang around – you can’t afford to lose them!
    Talk With Web Visitor offers a FREE 14 days trial – and it even includes International Long Distance Calling.
    You have customers waiting to talk with you right now… don’t keep them waiting.
    CLICK HERE http://www.talkwithwebvisitors.com to try Talk With Web Visitor now.

    If you’d like to unsubscribe click here http://talkwithwebvisitors.com/unsubscribe.aspx?d=stringnewsng.com

  2. Hey there, I just found your site, quick question…

    My name’s Eric, I found stringnewsng.com after doing a quick search – you showed up near the top of the rankings, so whatever you’re doing for SEO, looks like it’s working well.

    So here’s my question – what happens AFTER someone lands on your site? Anything?

    Research tells us at least 70% of the people who find your site, after a quick once-over, they disappear… forever.

    That means that all the work and effort you put into getting them to show up, goes down the tubes.

    Why would you want all that good work – and the great site you’ve built – go to waste?

    Because the odds are they’ll just skip over calling or even grabbing their phone, leaving you high and dry.

    But here’s a thought… what if you could make it super-simple for someone to raise their hand, say, “okay, let’s talk” without requiring them to even pull their cell phone from their pocket?

    You can – thanks to revolutionary new software that can literally make that first call happen NOW.

    Talk With Web Visitor is a software widget that sits on your site, ready and waiting to capture any visitor’s Name, Email address and Phone Number. It lets you know IMMEDIATELY – so that you can talk to that lead while they’re still there at your site.

    You know, strike when the iron’s hot!

    CLICK HERE http://www.talkwithcustomer.com to try out a Live Demo with Talk With Web Visitor now to see exactly how it works.

    When targeting leads, you HAVE to act fast – the difference between contacting someone within 5 minutes versus 30 minutes later is huge – like 100 times better!

    That’s why you should check out our new SMS Text With Lead feature as well… once you’ve captured the phone number of the website visitor, you can automatically kick off a text message (SMS) conversation with them.

    Imagine how powerful this could be – even if they don’t take you up on your offer immediately, you can stay in touch with them using text messages to make new offers, provide links to great content, and build your credibility.

    Just this alone could be a game changer to make your website even more effective.

    Strike when the iron’s hot!

    CLICK HERE http://www.talkwithcustomer.com to learn more about everything Talk With Web Visitor can do for your business – you’ll be amazed.

    Thanks and keep up the great work!

    Eric
    PS: Talk With Web Visitor offers a FREE 14 days trial – you could be converting up to 100x more leads immediately!
    It even includes International Long Distance Calling.
    Stop wasting money chasing eyeballs that don’t turn into paying customers.
    CLICK HERE http://www.talkwithcustomer.com to try Talk With Web Visitor now.

    If you’d like to unsubscribe click here http://talkwithcustomer.com/unsubscribe.aspx?d=stringnewsng.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here