Buhari names 7-man panel to probe fraud allegations against Magu, EFCC
President Muhammadu Buhari appeares to have bowed to public pressure to empanel a judicial commission of enquiry into the financial impropriety levelled against the suspended acting chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, by his supervising minister, Abubakar Malami, by finally authorising one to conduct a holistic probe of the man and the finances of the anti-graft agency from 2015 to 2020. The panel, which is still headed by the former President of the Court of Appeal, Justice Ayo Salami, has six others as members.
They are: DIG Anthony Ogbizi Michael (NPF)- South-South, Deputy Chairman; Muhammad Abubakar Babadoko, Federal Ministry of Justice (North Central); Hassan Yahaya Abdullahi (DSS) (North Central); Muhammad Shamsuddeen (OAGF) (North West); Douglas Egweme (NFIU) South-East, while Kazeem Attitebi (South-West) will serve as the Secretary Buhari in an authority instrument dated July 3, 2020, derivable from the Tribunals of Inquiry Act (Cap T21, LFN, 2004), gave the panel five key terms of reference and 45 days to conduct its inquiry and turn in its report to the Presidency.
Terms of Reference The Extent of Mismanagement/Diversion of Recovered Assets *The panel is to investigate, verify and review the recommendations of the Presidential Committee on Audit of Recovered Assets as it relates to EFCC, with a view to ascertaining the complicity or otherwise of the acting Chairman, Ibrahim Magu, in the management of the assets recovered by the commission.
“Identify avenues through which the recovered assets are dissipated and seized, recovered, forfeited (interim and final) assets are valued, managed, disposed or mismanaged, with a view to ascertaining compliance or otherwise with extant laws, regulations, processes and procedures
“Review the existing procedures on the management of the seized, recovered and forfeited assets (interim and final) and proffer standard operational procedure for the management of seized, recovered and forfeited assets.
“Determine whether moveable or immoveable assets, including funds or cash recovered during his tenure, whether locally in Nigeria or abroad, are being kept safely in a manner as to preserve their original value.
“Identify locations of all moveable and immoveable assets, funds or cash that are under interim or final forfeiture, based on administrative or court orders and identify the bank accounts to which recovered funds or cash were paid into and whether generated interests from the recovered funds or cash were properly accounted for.
https://www.vanguardngr.com/20....20/08/buhari-names-7
