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Magu Warns ‘Enemies’ Should Expect Everything In Retaliation To Attacks Against Him

Suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has stated that he will henceforth reply every attack launched against him.

Magu denied misappropriating funds recovered for the Nigerian National Petroleum Corporation (NNPC).

In a statement released by his lawyer Wahab Shittu, Magu averred that the allegations he is currently facing were never brought before the panel set up by President Muhammadu Buhari to probe the activities of the EFCC under him.

The statement reads: “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 defense for the world to see.

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

“The truth of the matter is that well over N329 billion recovered by EFCC under our client’s watch was remitted directly into NNPC dedicated accounts via Remita under a special arrangement endorsed by NNPC, EFCC and the affected NNPC’s indebted marketers.

“By virtue of the said special arrangement, NNPC had requested formally the EFCC to recover the said amount from the affected NNPC’s marketers who were expected to pay such funds directly to NNPC while NNPC, in turn, confirmed receipt of such payments to EFCC.

“Therefore, EFCC never took custody of any of the recovered funds and so, the question of misappropriation of such funds by EFCC or our client could not have arisen as falsely published.

“Our client has never been confronted with any such allegations purportedly arising from the panel’s proceedings. The story attributed to the panel, which has become a recurring decimal, is a dangerous attempt to discredit the work of the honourable panel.”

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Written by Mateen Badru

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