Former EFCC Boss, Ibrahim Magu Cleared Of Money Laundering Charges
The Federal High Court sitting in Abuja has cleared the former Acting Chairman of Economic and Financial Crimes Commission, (EFCC), Ibrahim Magu, of money laundering.
Naija News recalls that the Nigerian Financial Intelligence Unit, NFIU, had claimed that Pastor Emmanuel Omale of the Divine Hand of God Prophetic Ministry and his wife, Deborah laundered N573million for Magu.
According to a report released by Justice Ayo Salami-led presidential investigation panel, the NFIU claimed that Magu paid N573million into Omale’s church’s account with which property was allegedly bought in Dubai, the United Arab Emirates, UAE.
In a landmark judgment on Tuesday, the presiding judge, Justice Yusuf Halilu exonerated the former Acting EFCC Chairman of money laundering.
Justice Halilu ruled that the evidence before his court showed that Omale’s bank admitted error in its report to the NFIU, of entries in Divine Hand of God Prophetic Ministry’s account.
The judge further held that the bank claimed that the purported N573 million was wrongly reflected as a credit entry in Divine Hand of God Prophetic Ministry’s account by its reporting system, which it recently upgraded.
Justice Halilu noted that the bank admitted the error, which occasioned incalculable damage to the reputation of Pastor Omale, his wife and their church both within and outside the country.