The counsel to the suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, Wahab Shittu, on Thursday presented a 34-page letter with 100 annexure to the Presidential panel investigating him.
Information gathered revealed that Magu appeared before the Justice Ayo Salami-led panel around 1 pm and was still there as of 6 pm.
The suspended EFCC boss is currently revealing how the recovered asset by the commission was disposed of and how monies seized from looters were kept.
A top source at the EFCC said, “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 which 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.”
Recall that Magu had earlier stated that some of the recovered vehicles were auctioned to the Presidential Villa, the Ministry of Humanitarian Affairs, Disaster Management and Social Development, the Federal Inland Revenue Service and others.
Magu has been accused of mismanaging the funds recovered by the commission.
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