EFCC arraigns banker for ‘N80 million fraud’

The Kano Zonal office of the Economic and Financial Crimes Commission (EFCC), has arraigned one Kolapo Oduwole before Justice Musa Danladi of the Katsina State High Court on a six-count charge of forgery and fraud in the sum of N80,000,000( Eighty Million Naira only).

Oduwole, a staff of a bank (name withheld), allegedly forged signatures of Relationship Manager of the Bank on three fixed deposits certificates and presented same to some customers and subsequently got the customers to fix their money in fixed deposit accounts controlled only by him.

It was further alleged that, after the money was fixed, the defendant transferred it into various accounts to conduct his personal businesses.

One of the charges read that “You Kolapo Oduwole on the 3rd March, 2020 at Katsina, within the jurisdiction of this honourable court forged a certain document to wit: Re: Investment of (N80,000,000) Eighty Million Naira Only with intent to cause damage to one Abubakar Mohammed by making him to believe that you had placed the money in a fixed deposit with the bank and you thereby committed an offense contrary to section 340 and punishable under section 341 of the Penal Code Law of Katsina State 2019. The accused person pleaded not guilty to the six- count charge.

In view of his plea, prosecution counsel, Aisha Tahar Habib requested the court for a trial date and that the defendant be remanded in the Commission’s custody as he is still under investigation.

Defence counsel, M.M Rimaye, did not object to the prosecution’s application.

Justice Danladi adjourned the matter till October 12, 2020 for commencement of trial and remanded the accused person in EFCC’s custody.

Source: Today.ng

Instagram Big Boy, B-Lord and 13 Others Arrested By EFCC

Instagram big boy, B-Lord and 13 other suspected fraudsters have been arrested from different parts of Awka, Anambra State by operatives of the Enugu zonal office of the Economic and Financial Crimes Commission, (EFCC).

They were arrested on Monday, August 31, 2020, based on intelligence available to the Commission.

The suspects, whose age range between 21 and 28 were arrested at Okpuno Awka, Agu Awka and Ngozika estate, all in Anambra State.

Items recovered from them are: different exotic vehicles which include three Mercedes Benz 4matic, three Mercedes Benz AMG, two Lexus Rx salon cars.

Interim analyses of some of the suspects’ phones indicated they were involved in some suspected internet fraud which include online Bitcoin scam, love scam and identity theft.

Salami Panel: Magu Seeks Access To All Petitions Against Him

The suspended Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu has reached to the Salami panel to grant him access to all the petitions against him.

The embattled EFCC boss noted that the only way he could get a fair hearing is when the relevant documents are made available to him.

In an August 20, 2020 letter to the commission, which is headed by Justice Isa Ayo Salami, Magu said he made the demands in line with Section 36(6) (a) (b) of the Constitution of the Federal Republic of Nigeria.

There were indications that Magu might be directed to open his defence next week.

The letter was sent through his counsel, Mr. Wahab Shittu, who claimed that the constitution says a Nigerian accused of the criminal offence be given adequate time and facility for the preparation of his defence.

The petition: “Please refer to Section 36(6) (a) (b) CFRN 1999 which provides as follows ”Every person who is charged with a criminal offence shall be entitled to (a) be informed promptly in the language that he understands and in details of the nature of the offence; (b) be given adequate time and facility for the preparation of his defence.

“Based on the foregoing we request ahead of the defence of our client before this judicial commission of inquiry for the following:

Copies of all presentations/petitions against our client tendered in these proceedings

Access to all exhibits tendered in these proceedings

Access to relevant case files and documents tendered In these proceedings

Any other materials that will be relevant for purposes of the defence of our client in these proceedings

“Please note that the foregoing request has become urgent and compelling in view of paragraph 5 of the instrument establishing this judicial commission of inquiry which provides as follows

“AND I hereby direct the Judicial Commission to submit its interim reports to me from time to time, but the judicial commission shall In any case submit its final report not later than forty-five days from the date of its first public sitting or within such extended period as may be authorized by me in writing”

Magu added: “We humbly request you to note that in view of the timeline stipulated above and the need to clarify the duration of the sittings and whether the appointing authority has extended the period, it is of utmost importance that access to the requested documents is granted to our client and his counsel to ensure seamless proceedings and the guarantee of fair hearing as enshrined in the 1999 constitution of the federal republic of Nigeria.

”In spite of the foregoing, as officers in the temple of justice, we owe it a duty to reaffirm the contents of our previous letters on the legality of these proceedings and to further draw attention to the following, in the belief that having offered our principled positions on the issues, the judicial commission of inquiry will then be entitled to determine how to proceed subsequently in its absolute discretions.

He pleaded with the commission to take notice of its powers in the Tribunals of Inquiry Act 2004, especially its right to exercise of judicial powers.

He said: “We observe that this judicial commission of inquiry is headed by His Lordship, who is a respected former President of the Court of Appeal (Retired). We also observe that contrary to earlier understanding, this is not just an administrative or investigative panel but a Judicial Commission of Inquiry entitled to exercise full judicial powers as a tribunal deriving its powers and authority from the Tribunals of Inquiry Act 2004.

”Against this background, we draw attention to Section (6) (1-5) and Part IV (interpretation citation and commencement) provisions of the constitution particularly Section 318(1) thereof providing for the exercise of judicial powers by courts and tribunals and the meaning of “judicial office and judicial officer” as stated therein

“It Is Important to note that Judicial officer is a reference to the holder of any such office while “judicial office” means “the office of Chief Justice of Nigeria or a Justice of the Supreme Court, the President or Justice of the Court of Appeal, the office of the Chief Judge or a judge of the federal high court, the office of the chief judge or judge of the high court of the Federal Capital Territory, Abuja, the office of the Chief Judge of a state and Judge of the high court of a state, a Grand Khadi or Khadi of a Sharia Court of Appeal of the Federal Capital Territory, Abuja, a President or Judge of the Customary Court of Appeal of the Federal Capital Territory Abuja, a Grand Khadi or Khadi of the Sharia Court of Appeal of a state, or president or a judge of the Customary Court of Appeal of a state; and a reference to a “judicial officer” is a reference to the holder of any such office.

”In view of the foregoing and the status of His Lordship as a retired judicial officer heading this judicial commission of inquiry, we draw attention to this constitutional provision so that same can be taken on board by the honourable members as reflections on the legality of these proceedings and the determination on how to further proceed in the circumstances.

”Having raised this important constitutional provision, our duty as counsel is done. Please accept our best professional regards in the expectation that all of these issues will be reflected upon and our request for materials in aid of our defence graciously granted.”

EFCC arrests 4 Uniport Undergraduates in Port Harcourt over alleged $111,500 Internet Fraud

Operatives of the Port Harcourt zonal office of the Economic and Financial Crimes Commission, EFCC have arrested four students of the University of Port Harcourt for their alleged involvement in internet fraud.

The quartet, who allegedly defrauded 15 victims of $111,500( One Hundred and Eleven Thousand, Five Hundred United States Dollars) are: Prince Hyacinth; Rex Emadifie Oghene, Odili Ifeayi and Uduak Samuel Williams. 

They were picked up on Thursday, August 20, 2020, from their hideout at Chibiak Avenue, Elenpranwo, Ada George, Port Harcourt.

Upon their arrest, the following items were recovered: one Tecno Spark 4 belonging to Prince Hyacinth; one Iphone 11 Pro Max, two Infinix Hot and one apple Laptop belonging to Odili Ifeayi; one Iphone 7 and two Iphone 11 belonging to Rex Emadifie Oghene and one iphone 8+, one Acer Laptop and one HP Laptop belonging Uduak Samuel Williams.

A preliminary investigation established that the suspects are majorly involved in a romance scam and also act as pickers for organized ring of fraudsters.

While Prince Hyacinth parades himself as a Spain-based marine engineer to bait his victims, Rex Emadifie Oghene poses as a rig engineer based in the United State. The two other suspects, Odili Ifeayi and Uduak Samuel Williams present themselves as rig/marine engineers to defraud their victims.

The suspects will be charged to court as soon as investigation is concluded.

EFCC re-arrests Mompha over fresh fraud charge

Internet celebrity, Ismaila Mustapha aka Mompha, who is facing money laundering charges before the Federal High Court, has been re-arrested by operatives of the Economic and Financial Crimes Commission EFCC.

Mompha was re-arrested last Friday, August 14 when he went to the EFCC office in Ikoyi, Lagos to reclaim his five wristwatches, one Apple Air pod, one iPhone 8 mobile phone and one pair of sunglasses, seized from him by the anti-graft agency last October.

However, following an application by his lawyer, Gboyega Oyewole (SAN), Justice Mohammed Liman had on July 24 ordered the EFCC to release the items to Mompha.

The judge ruled that since the items were not listed as exhibits in the money laundering charges filed against Mompha, the EFCC had no justification to continue to hold onto them. Justice Liman dismissed the submission by the EFCC that Mompha was still under investigation for another offense, saying there was nothing before the court to back the submission.

“Failure to release the property is illegal. As of today, no charge has been file regarding the items. It is too long to withhold the applicant properties,” the judge had held.

Mompha had barely left the premises of the EFCC office in Ikoyi after collecting the items on Friday when operatives of the anti-graft agency waylaid him and took him into custody.

Confirming his re-arrest, his lawyer, Oyewole said

“I am filing processes tomorrow (Tuesday). They didn’t tell us why they are detaining him. They have not told us the basis for this re-arrest. As far as we are concerned, the EFCC is seeking to overreach the court because this is coming after we filed our no-case submission to the charges. When they had the opportunity to amend their charges they didn’t and they are claiming that there is a new charge.”

The spokesman for the EFCC, Dele Oyewale, who also confirmed his re-arrest, said

“The fresh arrest is unconnected to the existing charges in court. It is related to Internet fraud.”

Inksnation is a scam, See review below

3 Months ago, Inksnation had all the backing and evidence it was 100% legit with the key to make over 1 million individuals millionaires. 

   Omotade, a Blogger swing into action to entail with the little evidence I had that it was scam.

Slooreview also published it was scam but he was labeled as a Blogger aiming at defaming Inksnation Pinkoin. Let leave what Omotade went through and why he deleted his own review.

This time again, I

Omotade confidently coming out to say it’s scam and will never be actualized with some of his well tangible evidence below. Please don’t forget to share the article 

Inksnation Review

The founder of Inksnation wrote a letter to Nigeria Fraud Agency “EFCC” exposing his platform and making a public life threatening declaration, while some bloggers said it wasn’t official, I can’t tell.

But it went viral and it bought the heart of hundreds of persons to believe it is real.

For those who don’t know, Inksnation is an online multi earning platform where members are obligated to sign up with a token and patiently watch it yeild Mills.

Inksnation came with different types of membership packages ranging from Bronze, Silver, Gold and Diamond and everyone had reasons to try it.

To subscribe for the Inksnation bronze plan, it cost as low as N1000.

Bronze plan features include sign up bonus and monthly salary and an IBGrant of N1,800,000.

Inksnation Letter to EFCC

Omotade Sparks Amos Sewanu the founder of IBSmartify is writing to inform your agency that IBSmartify will be embarking on a poverty eradication and smart urbanization scheme from the 12th of November with the aim of ending poverty in Nigeria in 6-9 months and smart urbanization of states in 1-4 years with our IBledger Blockchain’s first token called IBNaira.

In regards to this, I know this will be huge and massive, so i want your anti-graft agency to understand that blockchain is not a scam but an opportunity to transform Africa.
__________________________

He Said, He have no business with the letter written as it doesn’t change anything to me.

Right now, The Securities and Exchange Commission of Nigeria (SEC Nigeria) has put out a cautionary statement warning the public of illegal products of InksNation, the most popular being Pinkoin.

According to the regulator, the activities of IBSmartify, the registered brand name behind the projects, which is promoting a blockchain known as iBledger (iBcashcryptocurrency) and InksNation are not registered or regulated by the commission.

Is Inksnation Legit – NO

Apart from confirming that InksNation or iBSmartify is not registered with SEC, SEC has declared the InksNation product ‘illegal.’

Consequently, SEC has warned the general public that dealing with InksNation is at their own risk. SiBAN saw this risk–very high risk–earlier and immediately alerted the members of the public.

By paying older investors with newer investors’ funds without selling any product or service from which profit is redistributed, the InksNation’s scheme has an obvious Ponzi scheme feature.

Inksnation Scam – YES

Inksnation claims that by 16 June 2020, one #Pinkoin (PKN) is worth $1,433.7278, only second to bitcoin in terms of coin price and 6 times bigger than Ethereum. This self-pegged coin price is a SCAM.

Inksnation claims that #Pinkoin has a market cap of over $200 billion ($206 billion by 15 June). This is more than Bitcoin ($over 173billion) and Ethereum (over $26billion) market caps. They have no trade volume and no listing on exchange yet.

Slooreview Exposed Inksnation

The founder of Slooreview shared his exclusive interview with the founder of 

Inksnation proving it’s scam.

Inksnation Registration

As once stated, Inksnation registration was 100% free for every interested individual.

However, to instigate seriousness it had to go with a fee, and that’s why the cheapest goes for N1,000.

• Email Address
• User Name
• Phone Number
• Country
• Password

Inksnation Login

Before you have access to Inksnation login page, it’s obvious you must registered successfully.

To login Inksnation only the below is needed

• User name
• Password

Disclaimer

This Inksnation Review Article isn’t aimed at defaming Inksnation nor is it targeted to promoting them.

This article is strictly for enlightening purposes and a honest guide from our perspective.

Team holaminews is no third party and we can’t handle any complients whatsoever.

Source: Xycinews

List of 32 "Yahoo Boys" Arrested by EFCC on Tuesday, Three of them are Corps Members

Head, Media & Publicity of the Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Office, has on Tuesday announced the arrest of 32 “Yahoo Boys” including three serving Corps members for alleged involvement in internet fraud.

According to information available on EFCC's official twitter page, the suspects were arrested during a raid on their hideout in Ogbomoso, Oyo State.

 

See below the list of the suspects:

1. Oyebamiji Francis

2. Aremo Jeremiah

3. Ogbonnaya Prosper John

4. Anuoluwapo Matthew

5. Oladele Victor

6. Olawoyin Abiodun

7. Okuwatoyin Henry

8. Arisekola Shina

9. Babarinde Solomon

10. Samson Gideon

11. Joshua Ola Adebayo

12. Ajayi Joseph Ajibola

13. Garba Mojeed

14. Olatunbosun Tobiloba

15. Azeez Ridwan

16. Ajala Timilehin

17. Adebolapo Bakare

18. Alaba Gideon

19. Ogunkeye Olumide

20. Ogunleke Tolu

21. Olapade Emmanuel

22. Adegoke Aanu Abiodun

23. Job Ayantoye

24. Oyebode Pelumi

25. Babayanju Toluwani

26. Oladele Ayobami

27. Omonaiye Abubakar

28. Sattong Baking

29. Abisoye Kehinde

30. Iwajomo Nathan

31. Mumuni Waliyullah and

32. Aniyikaye Tope

The following items and some incriminating documents were recovered from the suspects at the point of their arrest: 12 exotic cars, several phones, and laptops.

Apart from excuse of unemployment, what other factor could be responsible for the recent increase in internet fraud cases in Nigeria? Use the comment box below.

Govt Urged To Retrieve Looted Properties, Prosecute Culprits

As the various allegations levelled against Ibrahim Magu, the suspended Acting Chairman of the Economic and Financial Crimes Commission (EFCC), continue to generate reactions, the Federal Gov­ernment has been urged to retrieve all re-looted properties that has been sold at giveaway prices from whoev­er bought them.

Sunday Independent in separate interviews with legal practitioners and human rights activists advised that the Justice Ayo Salami panel should recommend the immediate retrieval of such assets from the buyers while investigation and due diligent prosecution of all indicted persons should be carried out.

While some of them said that anybody who bought the property innocently should retain what he bought without liability, but that the fraudulent officer should go to jail, some are of the opinion that any person and cronies, as culprits being in possession of looted cum stolen property, should be made to face the wrath of the law.

However, they called for an open and fair hearing for Magu and any­one that might be investigated or put on trial, as they said that if the alle­gations were investigated and found to be true, it would be a great setback to President Muhammadu Buhari’s anti-corruption crusade.

Femi Aborishade, a human rights lawyer, said though the EFCC under Magu embarked on media trial of its suspects and that Nigerians should not assume that Magu was guilty of the allegations, they remained alle­gations and he should be presumed innocent until proven guilty in the court of law.

He said that the allegations against Magu should not end at the level of the presidential investiga­tion panel, but that he should be charged to court along with others suspected to have helped themselves illegally, if found culpable.

He added that the loot should not only be retrieved but all those found guilty should be brought to justice by serving jail terms as the courts may deem fit under the law.

Goddy Uwazurike, a lawyer, stat­ed that re-looting and looting are both financial crimes and that it is a gross breach of duty and confidence for an officer entrusted with the re­sponsibility to betray such.

“There is a higher punishment for a person entrusted with respon­sibility than an ordinary looter. Any innocent purchaser for value retains the property he bought. The fraud­ulent officer will go to jail but the innocent purchaser has no liability. It is for the government to investi­gate and confirm the innocence of a buyer,” he said.

Uwazurike also said that any bank that colludes with officers to steal money or manipulate banking records has committed multiple offences and so should bear the li­ability.

Onyeisi Chiemeke, a Lagos-based lawyer, said the principle should be that no public fund should be looted.

“Something is wrong when we begin to fear that that which has been recovered may be taken again. But fundamentally, we need to query a system that makes it possible for public office holders to steal public fund,” he said.

Adeola Soetan, National Coordi­nator, Democracy Vanguard, in his own view said the suspicion that the recovered loots are being re-looted has been a sing-song over the years.

He said that there must be open and fair hearing for Magu and anyone that will be investigated or put on trial can defend themselves properly.

“I have no problem that the Pres­ident, whose mantra is anti-corrup­tion war is trying to look into the books of the EFCC or any other an­ti-graft agency. But, we must insist on open and fair hearing for Magu and anyone that will be investigated or put on trial so that they can defend themselves properly.

“All allegations are still specula­tive until when the panel submits its report and Magu is put on trial if need be and if found guilty that will be a great setback to the remnant of Buhari’s anti-corruption crusade. It will be very embarrassing for anti­corruption czar to be caught stealing recovered loot.

He said that Nigerians will lose total confidence in EFCC, ICPC and government’s anti-corruption war.

“It is a common knowledge that no mega fraud is successful without the connivance of the banks because most Nigerian banks are owned by big public thieves and the banks are purposely created for racketeering, this is the reason while the economy is going down, banks are declaring huge profit in billions. Our banks are part of the channels of looting by the corrupt bourgeois class; the institu­tion is not developmental at all.

“Government can retrieve any recovered assets sold to anyone or organisation illegally that breaches the rules. It may take some legal trip and time but it is possible if the gov­ernment has the courage.

Wale Ogunade, another legal practitioner, said that though they are still investigating the matter but that there is no smoke without fire.

He said there is no transparency, that what Magu ought to have done is to announce and make public the details and addresses of the seized properties and put it on the website of the EFCC for Nigerians to see, but since that was not done, it gives room for suspicion.

“These recovered assets that have been re-looted obviously is a shame­ful thing for it to be re-looted. Gov­ernment can retrieve any assets that has been illegally acquired or taken or gotten by fraud.

“The proper thing to do is to be publicised and it would be done through a public auction where everybody have assess and not that it would be locked and some people will have access to the detriment of others, so to me government has all the right to retrieve those assets that were found out to be sold to cronies, friends and relatives of Magu or any of his persons that are so involved,” he said.

Oladotun Hassan, Chairman Eti-Osa Bar Forum, stated that it is not new as previous chair of the anti-graft agency had had similar penchant records of grabbing and re-looting.

“Magu’s probe presumably is premeditated attrition to settling political scores amongst the highest echelons and gladiators eggheads of the ruling All Progressives Congress (APC), but to Nigerians and global community it expository reality show on how we are fundamentally unprepared for succinct democracy in Nigeria.

“Inevitably, there ought to be due diligent, prudent, fidelity and untainted disclosure in accordance with the EFCC Act of proper records of account of all material evidences and recovered assets and properties, particularly the discovered missing 322 out of the 836 recovered proper­ties in March, 2018 and other alleged corruptive tendencies.

“Unfortunately, most of the for­feited re-looted properties and pro­ceeds of corruption were found in custody of top EFCC officials, cro­nies and associates of the Acting Chairman and other recommend­ed beneficiaries, wherein records show they were clandestinely sold at a giveaway price.”

Oladotun stated that the probe panel needed to treat such accom­plice’s persons and cronies as cul­prits being in possession of looted cum stolen property if found cul­pable then the full wrath of the law should take its course.

“It is unacceptable fact and im­proper to re-loot recovered assets, it consequently amounts to deceit, lack of transparency, unlawful possession of recovered properties, nondisclo­sure and concealment of facts, lack prudential accountability, distortion and mutilation of official records.

Speaking further, he said the con­spiracy theory is unprecedented and highly expository to see how banks are now brokers and conduits of cor­ruption in Nigeria, in gross violation of the Central Bank of Nigeria’s Es­tablishment Act.

“It is illegal and unprofessional conduct for those identified finan­cial institutions to utilize or inter­fere with recovered financial assets in their custody in an unjustified manner.

“Highly regretful and improper to see how banks are also alleged to be conniving with EFCC to di­vert, steal looted funds by allowing the commission to place monies in interest yielding accounts, is rather compromising, fraudulent and crim­inal, such financial house needed to be vicariously liable for the acts of their staffs, while such staff be pun­ish for such criminal infractions,” Oladotun added.

Suraju Olanrewaju, Chairman, Human and Environmental Devel­opment Agenda (HEDA Resource Centre), said he is convinced that a huge percentage of the allegations are not true and they are just delib­erately concocted to give Magu a bad name.

“I was shocked seeing media re­port saying Magu did not declare the interest on the recovered N500 billion. He did not just recover N500 billion, he recovered N543 billion and even in the letter from the Office of the Attor­ney General, it saves the money in the CBN account.

“Every Nigerian knows that the Federal Government operates Trea­sury Single Account (TSA), which is domicile with the Central Bank of Nigeria. Every Nigerian should by now know that you can’t keep Fed­eral Government money again in the commercial bank, even the one that was recently allowed under the COVID-19 arrangement, the Feder­al Government had to issue a state­ment specifying those banks where you can domicile some of the con­tributions.

“There is a recovery account in the central bank so if there is any money that you will find in the commercial bank that is collected with the recovery process, it would be those money that were actually traced with those accounts that the EFCC would have applied for to the bank and to the court to have inter­im forfeiture or where they placed ‘post no debit’ instruction that can be in the bank pending the conclusion of the investigations or the prosecu­tion process and the moment that is forfeited, there is no way you can disgorge interest from the principal.

“The whole amount is moved to the treasury account by that bank that is a concern, so there is actually no way somebody could have done an arrangement with that.

“There is the allegation that over 300 properties cannot be accounted for where are they, list them recov­ered from who? So, it is not just suf­ficient enough to say he recovered over 500 properties and they say they could not account for over 300 where are they? Some of the allegations are fabrications.”  

12 EFCC Directors Suspended

About 12 directors and top staff of the Economic and Financial Crimes Commission (EFCC) have been suspended with immediate effect.

The notice of suspension was communicated to the Acting Chairman of the Commission, Mr. Mohammed Umar, on Tuesday night by the Office of the Attorney-General of the Federation.

The action was said to be in connection with the ongoing investigation of the suspended Acting Chairman of the agency, Mr. Ibrahim Magu.

But there is anxiety in the commission on the suspension with some of those affected claiming that they were not directly involved in Magu’s administration.

Magu Counters Presidential Panel, Says Recovered Funds Don’t Generate Interest

The suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has refuted allegations that he re-looted interests on recovered funds, saying such claims are false.

Magu also dispelled the allegation that he placed N550 billion recovered loot in a deposit account, stressing that the alleged transaction never featured in the proceedings before the panel headed by former president of the Court of Appeal, Justice Ayo Salami.

The presidential committee on audit of recovered assets (PCARA) allegedly indicted the EFCC under Magu of re-looting recovered loot.

The panel had probed the federal government assets recovered by the EFCC from May 2015 to May 2020.

The presidential panel had accused Magu of re-looting the interest on the N550 billion recovered by the EFCC.

But Magu’s counsel, Wahab Shittu in a statement described the claim as blatant falsehood, stressing that the recovered funds are lodged in the treasury single account (TSA) with the Central Bank of Nigeria (CBN).

He further stressed that the funds in the TSA do not generate interests.

The statement said, “It is falsehood that Magu placed N550 billion recovered loot into a deposit account.

“The alleged transaction never featured in the proceedings before the Salami panel. Magu was never confronted with any such allegation by the panel and the news is blatant falsehood.

“To the best of Magu’s knowledge, no such amount is in any such account and he remains aghast at such outrageous figures. No one has confronted Magu with such allegations.

“All recovered funds are lodged in the Treasury Single Account (TSA) with the Central Bank of Nigeria (CBN). Such recovered funds do not generate interest. This is elementary and can be verified from the CBN and the federal ministry of finance.

“This can also be confirmed from other government revenue generating agencies. Funds kept in TSA account do not generate interest,” the statement added.

Magu who was arrested on July 6 by a combined team of officials of the Department of State Services (DSS) and 10 force criminal investigation department (FCID), Abuja, is currently being interrogated by the Justice Ayo Salami-led panel.

Meanwhile, the EFCC secretary, Olanipekun Olukoyede, and directors of the commission, were invited for another round of interrogation by the panel just as the investigation over alleged mismanagement of recovered loot and selling of seized assets to associates under Magu’s tenure entered it’s sixth day.

The EFCC secretary and the directors were last week invited by the panel to provide information on the handling of the recovered loot.

However, Olanipekun and the directors, who were said to have worked closely with Magu, were grilled for hours by the presidential panel yesterday.

Magu who was suspended by President Buhari last week, was also quizzed by the panel sitting in the villa.

Allegations against Magu included alleged discrepancies in the reconciliation records of the EFCC and the Federal Ministry of Finance on recovered funds, declaration of N504b as recovered funds instead of N543b found in the CBN recovery account.

 

He was also accused of insubordination to the Office of the Attorney General of the Federation, (AGF).

Magu was accused of not providing enough evidences for the extradition of Diezani Alison-Madueke and alleged late action on the investigation of P&ID leading to legal dispute.

These are some of the allegations listed in the memo sent to President Muhammadu Buhari by the attorney-general of the federation, Abubakar Malami, SAN.

Meanwhile, the general overseer of Divine Hand of God Prophetic Ministries International, Abuja, Prophet Emmanuel Omale has sued the News

Omale, in a letter written by his lawyer, Chief Gordy Uche (SAN), and obtained by LEADERSHIP, is demanding for one billion naira as compensation, a retraction and apology.

Part of the letter read, “Our client’s attention has been drawn to the extremely malicious, derogatory and libellous publication with the caption – “How Magu Used ‘pastor’ To Launder Re-looted Funds Abroad – Report” by your Reporter, one Isamaila Chafe, posted on your website – www.nannews.ng on the 11th day of July 2020.

“We, however, wish to make the following clarifications to put the public records straight: That our client is the General Overseer of an Inter-denominational/Multi-religious Prayer Ministry, which Mr Ibrahim Magu attends; Our client, only visited Mr. Ibrahim Magu in a Hospital in Dubai, United Arab Emirate, sometime in March 2020; Our client

never laundered any funds whatsoever for Mr. Ibrahim Magu, nor for anybody whatsoever; Our client does not own any foreign bank account anywhere in the world.

“There are no funds whatsoever traceable from Mr. Ibrahim Magu to our client’s Bank accounts whatsoever neither has our client received any funds whatsoever from Mr. Ibrahim Magu. Our client has never received any funds whatsoever from anybody on behalf of Mr. Ibrahim Magu; Our client does not own any property in Dubai.

“His name was never used to purchase any property whatsoever in Dubai, United Arab Emirate or anywhere else in any part of the world, neither has he purchased any property or properties for Mr. Ibrahim Magu in any part of the world whatsoever.”

The letter also added “we wish to state that by reason of the said libellous publication which was read by millions of persons all over the world, our client has been severely injured in his reputation,

character and calling. Our client has thereby been brought into ridicule, public scandal, hatred, denigration, odium and contempt, and lowered in the estimation of right-thinking members of the society.

“We, therefore, demand the immediate retraction of the libellous publication by way of an unequivocal apology to our client prominently published in at least three National Newspapers not later than seven days from the date of your receipt of this letter and that you restrain from further defamation of our client forthwith otherwise, a libel suit against NAN will commence you, your Organization, claiming the sum of N1, 000,0000,000.00 as exemplary, aggravated, general damages for defamation, and for an injunction if you fail to comply.

“Further take notice that this letter constitutes our formal notice of intention to sue.”

Magu Is Fighting Back By Leaking Memos That Expose the Attorney General of the federation Malami’s Own Corruption

Magu the arrested former EFCC chairman is fighting back by leaking memos that expose the Honorable Attorney General of the federation and minister of Justice Malami’s own corruption. They’re both tarred with the same morally stained brush. EVERYONE in the Buhari regime is pilfering the national till. The only “clean” person in the regime is the uncaught one.

Read the memo below

Magu failed to account for interest on N550bn recovered loot – Panel (See Detailed Allegations )

A prior presidential panel, which investigated the suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, indicted him, a report published by the News Agency of Nigeria has alleged.

The report, according to NAN, noted that the embattled EFCC boss had been unable to account for the interest generated from N550bn cash recovered from 2015 to 2020.

The panel is separate from the panel led by a former President of the Court of Appeal, Justice Ayo Salami, which is currently probing Magu and other top officials of the agency.

The chairman of the previous committee was Alhaji Abdullahi Ibrahim and the members were DIG Anthony Ogbizi; a member from Federal Ministry of Justice; Mualledi Dogondaji from the EFCC; Hassan Abdullahi from the DSS; an unnamed member from the Office of the Accountant General of the Federation; Chinedu Ifediora from the NFIU, while Mr Kazeem Attitebi served as the secretary.

The committee’s report, it was learnt, became the basis for the setting up of the Salami-led panel.

The report titled, ‘Final Report of the Presidential Investigation Committee on the EFCC Federal Government Recovered Assets and Finances from May 2015 to May 2020’ was obtained by the Federal Government-owned News Agency of Nigeria.

The report read in part, “Failure to report on the interest on actual lodgements clearly establishes that the interest element of over N550bn has been re-looted relating to the period under review.

“This is an apparent case of manipulation of data in a very brazen and unprofessional manner and this has greatly eroded the public confidence in the anti-corruption efforts.”

The panel said it was quite disturbing that conflicting figures were being circulated in the public space by the EFCC as the amount of recovered funds.

It said these inconsistencies cast serious doubt on the accuracy of figures submitted by the EFCC.

The committee said it was of the view that the EFCC could not be said to have fully accounted for cash recoveries made by it, noting that there were discrepancies between what the embattled chairman reported and the lodgements the commission made.

It added, “It must be pointed out that the discrepancy of more than N31bn does not include interest accrued in this account since it was opened.

 

Magu failed to account for interest on N550bn recovered loot – Panel

“It therefore cast serious doubt on the credibility of the figures and means that substantial amount of money has not been accurately accounted for.”

NAN observed that the report had also confirmed the concerns of the public about contradictory recovery figures emanating from Magu.

The Presidential Committee on Audit of Recovered Assets revealed how the investigative reports on EFCC’s activities by the Nigeria Financial Intelligence Unit exposed acts of corruption and money laundering against some EFCC officials, including Magu.

The report added, “The NFIU reports established that the acting chairman has been using different sources to siphon money from the EFCC.

“The report has shown that a particular Bureau de Change, owned by Ahmed Shanono linked to the acting chairman based in Kaduna, has more than 158 accounts and has been receiving huge sums of funds.”

The committee accused Magu of paying a prominent Lagos-based senior advocate N28m.

…alleges he acquired N573m Dubai property through pastor

The panel accused the suspended EFCC boss of using one Pastor Omale to launder funds abroad.

Omale’s name was uncovered through an investigative report on EFCC’s activities by the NFIU.

According to the report, the unknown clergyman is alleged to have bought a property on behalf of Magu worth N573m in Dubai, United Arab Emirates.

“As an unknown pastor, the NFIU’s report showed the huge movement of funds ranging from N573,228,040.41,” the report said.

NAN also gathered that efforts had been intensified to expose the real identity of the pastor with a view to arraigning him for prosecution, if found culpable.

Meanwhile, efforts to reach the said pastor to get his reaction were not successful. Several calls made to his mobile phone were not answered while the text message sent to him had yet to be replied as of 12:52am.

The committee accused the suspended EFCC boss of mishandling the probe of a former Minister of Petroleum Resources, Diezani Alison-Madueke.

The suspended EFCC boss was accused of failing to cooperate with authorities in the United Kingdom to facilitate effective prosecution of the case.

The report read in part, “In the Diezani Alison-Madueke case, the acting chairman is failing to further cooperate with the UK NCA (National Crime Agency) to enable them to charge the former minister to court in the UK.

“The acting chairman, despite his knowledge that Mrs Alison-Madueke will not be extradited to Nigeria until after her trial in the UK, has consistently been accusing the UK government on the pages of print and electronic media of not wanting to extradite her to Nigeria.”

Magu was also accused of deliberately refusing to provide documentary evidence that would make the office of the Attorney-General to commence the extradition process of Diezani Madueke.

“This has strained the EFCC’s relationship with Europe, our most strategic partner,’’ the report further observed.

NAN reported that Magu, who is being held at the Police headquarters, Abuja, is expected to reappear before the Salami probe panel on Monday to defend himself against several allegations.

No sacred cows in Buhari’s govt, EFCC bigger than Magu – Presidency

The Presidency on Saturday said those who held the belief that the ongoing investigation of the suspended the EFCC acting chairman was an indication of the regime’s failing anti-corruption fight had missed the point.

It said rather, the development was further proof that the fight was real and active.

The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, in a statement, titled ‘Presidency’s statement on the suspension of Mr Ibrahim Magu’, said this was the first time the Presidency would react officially since Magu’s travails started on Monday when he was arrested and brought before the Justice Ayo Salami-led presidential panel.

The statement added, “There is no better indication that the fight is real and active than the will to investigate allegations in an open and transparent manner against those who have been charged to be custodians of this very system.

“Under this President and government, this is our mantra and guiding principle. There are no sacred cows, and for those who think they have a halo over their heads, their days are also numbered.

“Mr Magu was not immune – and regardless of the obvious embarrassment that potential acts of wrongdoing by him, given the office he held, may appear for the government.

“No other administration in the history of Nigeria would have moved to bring into the light and public domain such an allegation.”

Shehu explained that a series of documented allegations were made against Magu, noting that a preliminary review of the allegations levelled against him and several other members of his staff revealed that there were grounds for a detailed investigation to be conducted, hence, an investigative panel was constituted in compliance with the extant laws governing the convening of such a body.

Justifying Magu’s suspension, Shehu added, “As is the proper procedure, when allegations are made against the chief executive of an institution, and in this case an institution that ought to be seen as beyond reproach, the chief executive has to step down from his post and allow for a transparent and unhindered investigation.”

He said Magu’s suspension would allow the EFCC to continue its work without the cloud of investigation hanging over its head, noting that the EFCC does not revolve around the personality of an individual and as such could not be seen through the prism of any individual.

He added, “Mr Magu is being availed the opportunity to defend himself and answer the allegations against him. This is how it should be, as is the fact that under the Laws of Nigeria every citizen is presumed and remains innocent until proven guilty.

“What is however important is that there must be accountability and transparency and our people must realise that they would be held to account. This is the building block in the fight against corruption, the establishment of the concept of accountability and the recognition of the rule of law.”

Counsel for Magu, Mr Tosin Ojaomo, on Saturday, expressed confidence that his client would be released from detention on Monday.

Ojaomo said that "he had met Magu at the detention facility at the Force Criminal Investigation Department in Garki Area 10, in Abuja, and had a client-lawyer interview with him for about an hour on Saturday.

Ojaomo said, “Magu is not on trial. He has been appearing before the panel which is just a fact-finding panel. Our only concern is that he is in detention. We strongly believe that he will be released on Monday unfailingly.

“Our application for bail is receiving attention. Those celebrating that Magu is gone should be ready to face more crisis as long as they continue to partake in corruption.”

Ojaomo said on Saturday that Magu, whom he reportedly met in high spirits, denied Malami’s allegations during their client-lawyer interview session at the FCID facility on Saturday.

The lawyer added, “He told me the allegations are frivolous, vexatious and are all concocted to blackmail him and subject him to public ridicule and opprobrium, nothingclash

Magu's travail is all about 2023 and the key players are gaining grounds.

This is Nigeria where politicians will do anything and everything to achieve their goals even if they have to betray their own.

The Grand Conspiracy of 4 fronts ~ Kebbi, Ekiti, Rivers and Abuja for 2023!!!!!

They pushed out Oshiomole. That scheme continues!

Kyari Boys they called themselves. When Kyari died, they lost out. Their schemes are 2023 target. 

1. The Kebbi front must acquire protection on his way out and likes to be VP in 2023. The idea is that Kebbi will deputizes Ekiti in 2023 to get immunity from Magu's EFCC. 

2. The Abuja front cannot be on the 2023 VP seat. He is interested in the Kebbi seat and he has his instructions - Magu must go. 

3. The Rivers front has been acting the script in the 2023 scheme and he is targeting the position of the office of SGF in 2023.

4. The Ekiti front is the master strategist. He is interested in the Villa to come 2023 and he will do anything and everything even betraying his benefactors to achieve that.

They have even started on a smear campaign of their next victim.

The four of them have been working in unison. The only safety valve is the new Chief of Staff. If Magu survives then they’re dead politically. Even if he doesn’t, I also don’t see how the four of this 2023 schemers will prevail in the party and ultimately in government.

VP Writes IGP through his lawyer, wants ‘false’ allegations investigated ( SEE LETTER IN PICTURE)

PICTURES OF VP, BAYO OSIPITAN, MAGU AND JACKSON UDE

Osinbajo writes IGP, wants ‘false’ allegations linking him to Magu ‘funds’ investigated. He wrote through his lawyer that Jackson Ude of Pointblank News should be investigated for making false allegations against him of collecting N4b from Magu. Jackson Ude was a Director of Communication under GEJ Presidency. The other time Pointblank carried falsehood news that Osinbajo collected huge money from FIRS for elections. Vanguard copied and pasted and as Osinbajo was about to sue Vanguard, the paper apologized and it's publisher, Sad Sam raised to Adeboye to help beg Osinbajo. 

”Magu's problem appeared to be due to his refusal to do "boy boy" to Malami. He sees Malami as a bloody civilian. Unfortunately, Malami is his boss and Malami, a core CPC man has the ears of PMB. Malami recently helped Gorodomu Giadom and his Rotimi/Bagudu/Fayemi group. 

”Yes, Magu stopped TY Danjuma cheque meant to buy a private jet. Danjuma could not explain his source of income. Ok, is there a different law for big men? In anger, Danjuma visited PMB to complain. The same Danjuma earlier attacked PMB that people couldn't sleep. 

”Yes, AbdulSalam house was raided because huge cash of dollars always comes from that mansion direction for an exchange to Naira. Is there any new law for big men? 

”PMB should ensure that his agencies staff are not antagonizing each other publicly. DSS and EFCC are clearly rivals. They should rather work in unity. What's all this talking that they are using marabouts against each other. That's the problem, if some of them are headed by Southerners, will the southerners accept marabouts juju?

”Femi Lijadu reconciliation report on recovered assets should be implemented. Kemi Adeosun was the first to discover differences. Oh, some of us missed Kemi Adeosun. Unfortunately, SW used noise to send her packing. PMB was about to pardon her NYSC ignorance. 

”The 400 exotic cars recovered from Yahoo Yahoo boys, approved by PMB for Magu to be sold this week, should be sold by Umar, let him start off from there. 

”Malami should cool down, he has a hidden agenda with Bagudu his Kebbi State governor. PMB no send anybody message, once he discovers the agenda.

SEE DETAILS IN THE PICTURES BELOW

Policemen attached to the Force Criminal Investigation and Intelligence Department on Tuesday searched the home of the suspended acting Chairman of EFCC

Policemen attached to the Force Criminal Investigation and Intelligence Department on Tuesday searched the home of the suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu.

A top police officer said the policemen searched Magu’s house located on Abduljalil Street, Karu Site, on the outskirts of Abuja, for several hours and made away with vital documents.

The policemen who carried out the search were said to be the same ones who arrested Magu on Monday.

The officer said, “On Tuesday evening, a team of policemen stormed the home of Magu in Karu. That is the house where Magu used to live before he moved to Maitama after his appointment as EFCC chairman.

“The policemen made away with some items and everything will be processed as investigations continue.”

Meanwhile, it was learnt that Magu was detained for a second day after answering questions from the panel for over five hours on Tuesday.

He was subsequently taken into custody again at about 7pm.

“As the panel makes it findings and establishes certain allegations, the police will continue to open investigations. We were told that he had bought some properties, so one of the reasons we searched the Karu home was that we wanted to lay our hands on some of these documents. We have been able to make some findings,” he said.

Meanwhile, it was learnt that Magu may be brought before the Force Disciplinary Committee made up of deputy inspectors-general of police for trial and possible dismissal.

A top security agent said since Magu is a Commissioner of Police, he cannot be charged until he is properly dismissed from the police.

He said, “After the panel has finished sitting and once Magu is found wanting on any of the 24 allegations, he would be made to face the Force Disciplinary Committee which comprises the DIGs. The committee would make a recommendation to the IG who would in turn forward the report to the Police Service Commission. The PSC would then do the needful.

“Magu already has an existing disciplinary case in his police file. So, as a second-time offender, dismissal would be very easy.”

Source: The Punch

Magu not arrested — EFCC

The Economic and Financial Crimes Commission says its acting Chairman, Mr Ibrahim Magu, is only facing an investigative panel and is not being detained by the Department of State Services.

The EFCC said this in a statement by its Spokesman, Dele Oyewale, on Monday.

The statement read, “Mr Ibrahim Magu on Monday,  July 6,  2020, honoured an invitation by a Presidential Panel reviewing the activities of the EFCC, at the Banquet Hall wing of the Presidential Villa,  Abuja.

“He was served the invitation to the panel while on his way to the Force Headquarters, Abuja for a meeting.   The EFCC’s boss was neither arrested nor forced to honour the invitation.  A member of a legal team from the EFCC is also with him on the panel.”

Magu, who has been serving in an acting capacity for almost five years, was invited after the Attorney-General of the Federation, Abubakar Malami (SAN), accused him of financial impropriety and corruption

EFCC Hands Over Building Forfeited By Diezani To Lagos State As Isolation Centre

The Economic and Financial Crimes Commission (EFCC) has handed over a building reportedly forfeited by Diezani Alison-Madueke, former minister of petroleum, as an isolation centre.

The anti-graft agency handed over the property to officials of the Lagos state government on Friday.

Lagos, which has the highest number of COVID-19 patients in the country, is struggling with bed spaces.

The property consisting six flats of three bedrooms and a boys’ quarter was forfeited by Mrs Allison-Madueke  following an order of Lagos State Federal High in 2017.

Speaking during the handover ceremony, the Lagos Zonal Head of the EFCC, Mohammed Rabo stated that the gesture was part of the Commission’s social responsibility efforts towards the fight against the spread of Corona virus.

“In addition to our mandate to fight economic and financial crimes, the Commission is committed and ready to render essential services that may be required of it in the fight against covid-19.

Therefore, Lagos State should not hesitate to call on the Commission anytime the need for such essential service arises,” he said.

In his remarks, the state governor, Babajide Sanwo-Olu, thanked the Commission for the gesture, noting that it was a welcome collaboration between the Federal and Lagos State Government.

Orji Kalu: EFCC SET FOR FRESH, IMMEDIATE RE-TRIAL

EFCC PRESS RELEASE 

Orji Kalu: EFCC SET FOR FRESH, IMMEDIATE RE-TRIAL

The attention of the Economic And Financial Crimes Commission,  EFCC,  has been drawn to the judgment of the Supreme Court nullifying the trial of a former governor of Abia State,  Orji Kalu ,  his firm,  Slok Nigeria Limited and Jones Udeogu, a former Director of Finance and Account of Abia State Government and ordering their fresh trial at the lower court.  

The apex court based its verdict  on the grounds that Justice Mohammed Idris, who convicted Kalu and others had been elevated to the Court of Appeal before the judgment and returned to the lower court to deliver the judgment which it considered as illegal. 

The EFCC considers the judgment  of the apex court as quite unfortunate . It is a technical ambush against the trial of the former governor.  The Commission is prepared for a fresh and immediate  trial of the case because its evidences against Kalu and others are overwhelming. The corruption  charges against Kalu still subsist because the  Supreme Court did not acquit him of them.  The entire prosecutorial machinery of the EFCC would be launched in a fresh trial where justice is bound to be served in due course. 

Full Statement shortly pls. 

Dele Oyewale

Head,  Media & Publicity 

 08/05/2020.

Are u an eyewitness?

Send your stories to:

Whatsapp number:- +2348161164458

Email:- olamipaul@gmail.com