Ibrahim Magu Lists MDA’s That Benefited From Recovered Assets


Acting Chairman of the Economic and Financial Crimes Commission who is on suspension, Ibrahim Magu, has said that some of the assets recovered by the EFCC, were given off to ministries and government agencies.

Recall that Magu was recently under fire after the Attorney-General of the Federation (AGF), Abubakar Malami, accused him of not giving account for recovered stolen money and assets. The AGF also accused Magu of selling off some of the recovered assets to his colleagues. Magu who was arrested by the Department of State Services on July 6 and placed in detention for 10 days before gaining his freedom in a letter, gave details of how the assets were sold off to Ministries and Agencies.

He said the Ministry of Humanitarian Affairs and Disaster Management and the Federal Inland Revenue Service (FIRS), are part of some of the agencies that got recovered vehicles through special auction with presidential approval.

He also said some of the agencies that bought these vehicles are yet to pay for them but an agreement was entered with them that the money will be taken out of the allocation for these ministries.

Other ministries and agencies that benefitted from this auction according to Magus are; The Ministry of Humanitarian Affairs and Disaster Management, The State House, National Commission for Refugees, and Displaced Persons; FIRS, and National Directorate of Employment, (NDE)

Other properties and assets that were forfeited to the federal government and given to agencies and ministries for official use with the presidential approval according to Magu are; Voice of Nigeria,(VON), National Directorate of Employment,(NDE), The Ministry of Humanitarian Affairs and Disaster Management, North East Development Commission and Pension Transitional Arrangement Directorate.

Ministries and agencies using forfeited assets on a rental basis according to Magu are; Nigerian Army, Federal Ministry of Finance, Fiscal Responsibility Commission, Nigerians in Diaspora Commission, and Federal Airports Authority of Nigeria,”.

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