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Wednesday, July 15, 2020

Ibrahim Magu speaks concerning ‘N550b missing interest’

Ibrahim Magu, the suspended Chairman of the Economic and Financial Crimes Commission, EFCC, has denied the case that he neglected to represent the enthusiasm for the N550 billion recuperated finance kept in the Central Bank of Nigeria, CBN, care. 

In an announcement by his legal counselor Wahab Shittu on Sunday, Magu said such recuperated subsidize kept with the CBN don't produce interest.

The statement read;

“It is falsehood that Magu placed N550 billion recovered loot into a deposit account.

“The alleged transaction never featured in the proceedings before the Salami panel. Magu was never confronted with any such allegation by the panel and the news is blatant falsehood.

“To the best of Magu’s knowledge, no such amount is in any such account and he remains aghast at such outrageous figures. No one has confronted Magu with such allegations.

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