Magu denies misappropriating N332b recovered funds

Suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, yesterday denied alleged misappropriation of N329 billion recovered for the Nigerian National Petroleum Corporation (NNPC) and another N3 billion recovered for the Federal Inland Revenue Service (FIRS).

Magu spoke through his lawyer, Mr. Wahab Shittu, and said he remitted N329 billion recovered from fuel marketers direct to the NNPC.

He also dismissed an allegation that he falsely declared his assets, saying the Justice Ayo Salami-led presidential panel, probing allegations of malfeasance against him has never confronted him with such an allegation.

Shittu added that his client would henceforth respond to every allegation against him “point by point.”

Shittu said in a statement yesterday that the suspended EFCC chief denied misappropriating funds recovered for the NNPC.

He said the allegations against him bordered on matters that were never brought before the panel set up by President Muhammadu Buhari to probe the activities of the EFCC under him.

He added that the allegations were prejudicial to the proceedings of the panel.

Shittu said: “Take notice that our client can no longer fold his hands in the face of these sustained malicious attacks to prejudge him in the public space. Our client will henceforth, point by point, reply to all false allegations orchestrated against him in the public space on a daily basis as well as present his comprehensive defence for the world to see.

“This is without prejudice to the willingness of our client to defend himself in the ongoing proceedings at the Presidential Investigation Panel. (ThisDay)

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