Magu Denies Misappropriating N332bn Recovered Funds

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d0da344e ibrahim magu Magu Denies Misappropriating N332bn Recovered Funds

•Dismisses alleged false asset declaration as untrue

By Kingsley Nwezeh

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…



Source: Thisday Newspaper