Why I’m ready to reply all allegations against me-Magu

Suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has revealed his intentions to reply allegations against him in public.

In a statement signed by Magu’s lawyer on Sunday, Wahab Shittu, explained why it became necessary to reply allegations against him.

Magu said that he did not loot funds recovered from the Nigerian National Petroleum Corporation, NNPC.

He also explained that these allegations against him in the public domain were never brought before the Presidential Panel probing the activities of the EFCC under him.

Magu said that the over N329 million recovered under his watch by the agency was remitted directly into NNPC dedicated accounts via remita under a special arrangement endorsed by the NNPC, EFCC, and the affected NNPC marketers.

He said this can be independently verified both at the NNPC and the EFCC records and that the issue of NNPC recovered funds never featured in the proceedings of the presidential panel.