Connect with us
X
Categories:

General

Magu Is Distorting Facts — Former Executive Director Writes Salami Panel

Published

on

Share this post:

Dauda Lawal, former executive director of First Bank of Nigeria, has accused Ibrahim Magu, suspended chairman of the Economic and Financial Crimes Commission (EFCC), of distorting facts in his defence before the presidential investigative committee.

The committee, headed by Ayo Salami, retired president of the appeal court, is probing the activities of the agency under Magu.

Magu was alleged to have mishandled the recovered loot and sold seized assets to his associates.

In a letter addressed to the presidential committee, Lawal said Magu made inconsistent statements without evidence in his testimony before the committee.

“My Lord, I wish to respectfully state that the narrative by Mr. Ibrahim Magu in his said defence is laced with barefaced distortion of relevant facts, and is an attempt to mislead the Honourable Panel. Contrary to extant documentary evidence, Mr. Ibrahim Magu concocted a tale to suit his mischief without providing any supporting proof of his false account,” Lawal said.

“Mr. Magu in his response sought to explain that the sum of US$153,310.000 (One Hundred and Fifty-Three Million, Three Hundred and Ten Thousand United States Dollars) was brought to Fidelity Bank Plc. from NNPC on behalf of Mrs. Deziani Alison-Madueke.

“My Lord, a simple arithmetical calculation will show that by Mr. Magu’s narrative, the total amount of the above sums allegedly brought by the above-named persons from NNPC to Fidelity Bank Plc. is the sum of US$152,480,000. This latest summation by Mr. Magu is inconsistent with the depositions contained in the Affidavit in support of the Motion Ex parte for Interim Forfeiture filed by the EFCC before the Federal High Court on 6th January 2017 that the amount brought from NNPC to Fidelity Bank Plc. was US$153,310.000.

“Worse still is that both in Mr. Magu’s narrative and in the Affidavit filed by the EFCC in support of the Ex parte Application, Mr. Magu and the EFCC failed to show or disclose how the above sums were withdrawn or “moved” from the NNPC by the above-named persons.

“No account operated or managed by NNPC in any Bank or financial institution was given as the source of where the sum was allegedly withdrawn. No record of or from NNPC has been shown to support the bogus allegation that the sums as alleged by Mr. Magu was withdrawn from NNPC and “moved” to Fidelity Bank Plc.

“One wonders how the EFCC and Mr. Magu could rely on the above claims which are false, unfounded and contradictory as the foundation/basis of their allegations against me.”

Lawal said contrary to Magu’s claim, record of proceedings showed that he was always in court to defend allegations against him and that he never employed any delay tactics to stall the case before the federal high court.

On Wednesday, the presidential committee said it would ensure fair hearing during the probe.


Get More Stories Like This On: Facebook: @AllNaijaEntertainment, Twitter: @AllNaijaEntertainment
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Volatility in Commodities and How to Deal with It
Business2 weeks ago

Volatility in Commodities and How to Deal with It

Expanding Living Space
Lifestyle2 months ago

Expanding Living Space: Prefabricated Workshop Building Kits for Extra Rooms

BeBe Winans
Lyrics3 months ago

BeBe Winans – It All Comes Down to Love [Lyrics]

BeBe Winans
Music3 months ago

[Music] BeBe Winans – It All Comes Down to Love

The Countdown Begins to the Tournament That Has It All
ANE Football Analytical3 months ago

AFCON 2023: A Sporting Spectacle Set to Captivate the World

Litecoin: What Makes It The Crypto Winner?
Technology4 months ago

Runny Inflation Can Drive Cryptocurrency Adoption

Black and White French Bulldog puppies Frenchie Joy
Lifestyle4 months ago

Black and White French Bulldog puppies Frenchie Joy

3 Serious Reasons to Keep Your Teenager Away From Social Media
Lifestyle5 months ago

3 Serious Reasons to Keep Your Teenager Away From Social Media

Boxing vs MMA What Makes Them So Different
Sports5 months ago

Boxing vs MMA: What Makes Them So Different

Roisea: Most Advanced Crypto Trading Platform for Bitcoin
Technology5 months ago

NFTs and Intellectual Property Rights: Shaping Creative Ownership

The Birth of a Rugby Nation South Africas Love Affair with the Sport
Sports9 months ago

The Birth of a Rugby Nation: South Africa’s Love Affair with the Sport

A Beginner's Guide to Radicle (RAD): The Future of Peer-to-Peer Development
Technology10 months ago

A Beginner’s Guide to Radicle (RAD): The Future of Peer-to-Peer Development

Analysis of Nigeria's Renewable Energy Sector: Opportunities and Challenges
Technology11 months ago

Analysis of Nigeria’s Renewable Energy Sector: Opportunities and Challenges

Casino Gaming Poker
Sports12 months ago

What Are The Various Types Of Online Slots?

Luka Modric celebrates after scoring Real Madrid's second goal against Celta Vigo.
Sports1 year ago

Luka Modric set to join Ronaldo in Saudi Arabia’s Al Nassr

WHO World Health Organization
Health1 year ago

WHO debunks claims that tuberculosis is caused by witchcraft, poison

Atiku Abubakar
News1 year ago

2023 Election: Why DSS must arrest Fani-Kayode – Atiku

PDP Logo Umbrella
News1 year ago

PDP suspends National Chairman

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Final Episode 13)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 12)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 11)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 10)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 09)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 08)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 07)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 06)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 05)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 04)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 03)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 02)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 01)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Complete Episodes)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories1 year ago

[STORY] PAPA LOVES HIS GIRLS (Episode 16)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories1 year ago

[STORY] PAPA LOVES HIS GIRLS (Episode 15)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories1 year ago

[STORY] PAPA LOVES HIS GIRLS (Episode 14)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories1 year ago

[STORY] PAPA LOVES HIS GIRLS (Episode 13)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories1 year ago

[STORY] PAPA LOVES HIS GIRLS (Episode 12)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories1 year ago

[STORY] PAPA LOVES HIS GIRLS (Episode 11)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories1 year ago

[STORY] PAPA LOVES HIS GIRLS (Episode 10)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories1 year ago

[STORY] PAPA LOVES HIS GIRLS (Episode 09)

ANE Billboard Hots