Forfeited assets auctioned to FG agencies, ministries -Magu

Yusuf Bello| The suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has told the justice Ayo Salami presidential panel that some of the forfeited assets recovered by the anti-graft agency were auctioned to ministries and government agencies.

In a letter addressed to the Ayo Salami-led presidential panel probing the allegations of corruption against him, the embattled EFFC former boss detailed how some of the recovered assets were disposed to ministries and agencies.

According to Magu, the ministry of humanitarian affairs and disaster management, Federal Inland Revenue Service (FIRS) bought some of the recovered vehicles through special auction with presidential approval, and that some of the agencies have not paid for the vehicles but that there was an arrangement that their values will be deducted from the ministries’ allocation.

He further disclosed that about 450 forfeited vehicles, in Lagos and Abuja are yet to be sold, eventhough threr is a presidential approval for them to be sold.

Some permanently forfeited properties, he revealed, were allocated to agencies including the Voice of Nigeria, National Directorate of Employment while some properties under interim forfeiture were rented out to the Nigerian army and the federal ministry of finance.

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Magu said, “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.”

“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,” he said.

“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.

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“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 former EFCC boss further stated that the anti graft agency handed over some properties in Lagos to the state government for use as isolation centres for COVID-19 patients on temporary basis.

Magu is being investigated by a presidential panel following allegations by attorney-general of the federation (AGF), Abubakar Malami that he failed to properly account for recovered loot and assets.

The suspende EFCC boss was was arrested on July 6 and detained for 10 days at the force criminal investigation department, Abuja.

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