Suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has presented a 34-page to the Presidential Panel investigating an alley misappropriation of funds in the commission.
Magu, in the company of his lawyer, Wahab Shittu explained to the panel how recovered assets were disposed of and funds seized from suspected treasury looters were kept.
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According to a source, “Magu arrived at the Presidential Villa along with his lawyer and some aides. However, only Magu and his lawyer were allowed inside the main hall. They have been there for the last five hours.
“Magu presented a 34-page letter that was spiral bound with 100 annexure including pictures. We are hopeful that he will be able to convince the panel that all the allegations levelled against him are trumped up.”
