Magu claims Ministries and Government agencies benefitted from recovered assets

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The suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has claimed that some of the forfeited assets recovered by the agency, were auctioned to ministries and government agencies.

Magu was accused of failing to account for recovered loot and assets. Malami had alleged that Magu sold some of the recovered assets to his associates.

But in a letter addressed to the Ayo Salami-led presidential panel probing the allegations, Magu explained how some of the assets were sold off.

He listed the Ministry of Humanitarian Affairs and Disaster Management and the Federal Inland Revenue Service (FIRS), as part of agencies that got recovered vehicles through special auction with presidential approval.

“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.
“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,” Magu said.


  1. If you can account for the said properties nk qualms, all what we need from you is accountability with that no problem.

  2. Set a thief to catch a thief. Okay where are the moneis got from these agencies. Or are the properties auctioned for free. We know that Magu couldnt have acted without the knowlegde of the presidency or president whichever one but the question is. Does Magu or the presidency as we have come to know our president of late, have the right to dispose or auction the recovered properties without the knowlegde and approval of NASS. We live in a lawless state where each arm of the government is Lord over any other.

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