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Some Recovered Vehicles Auctioned to Presidential Villa – Magu Makes Revelation

Ibrahim Magu, the former acting chairman of the Economic and Financial Crimes Commission (EFCC) has revealed that some of the vehicles recovered by the commission were auctioned to the Presidential Villa.

Daily Times gathered that Magu also listed some agencies and ministries that took custody of some vehicles. He said even though they have not paid for them, there was an existing arrangement that the monies would be deducted from their allocations.

READ ALSO: ‘Magu failed to account for 332 recovered property worth billions’

This was contained in a letter to the panel headed by Justice Ayo Salami titled: Re: Alleged Case of Conspiracy, Enrichment, Abuse of Public Office and Other Infractions.

In his response to the allegations of being unable to account for recovered vehicles, Magu stated, “On allocation of vehicles to some government agencies through special auction with presidential approval. The beneficiary agencies are: the Ministry of Humanitarian Affairs and Disaster Management of which the valued price is to be debited from their allocation; State House, National Commission for Refugees and Displaced Persons; Federal Inland Revenue Service  and National Directorate of Employment.”

 “The commission presently has presidential approval to dispose over 450 forfeited vehicles located in Lagos and Abuja. The vehicles have been valued by the National Automotive Council Valuers and the Federal Ministry of Works and Housing. But no sale/disposal has been conducted yet.”

He said some houses forfeited by looters have been handed over to government agencies.

“Real properties finally forfeited to the Federal Government of Nigeria and allocated to some agencies for official use in line with the Presidential approval are: Voice of Nigeria,  National Directorate of Employment, Ministry of Humanitarian Affairs and Disaster Management, North East Development Commission and Pension Transitional Arrangement Directorate.

“Properties under interim forfeiture order are rented by the following government agencies: Nigerian Army, Federal Ministry of Finance, Fiscal Responsibility Commission, Nigerians in Diaspora Commission and Federal Airports Authority of Nigeria.

“Other agencies of government that have approached the commission to rent properties under interim forfeiture order include: National Human Rights Commission and National Council for Arts and culture.”

The suspended EFCC boss attached photographs of some of the recovered assets to the letter he addressed to the panel.

Meanwhile, the Peoples Democratic Party (PDP) asked the Buhari Presidency not cover for the indicted acting Chairman of the EFCC but ensure that he answers for alleged corruption, reported violation of rules, victimization of Nigerians and stealing of recovered funds for which he has been suspended.

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Ihesiulo Grace

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