The suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has listed the beneficiaries of vehicles recovered from looters.

According to the embattled anti-corruption chief, some of the vehicles recovered by the EFCC were auctioned to the Presidential Villa, the Ministry of Humanitarian Affairs, Disaster Management and Social Development as well as the Federal Inland Revenue Services and other agencies.

He also stated that some of the beneficiaries were yet to pay for the vehicles but an arrangement has been made to secure the payments.
This revelation was contained in a letter sent to the Justice Ayo Salami-led panel grilling Magu over alleged corruption and abuse of office.

The letter was in response to an earlier report by the Presidential Committee on Audit of Recovered Assets in which Magu was accused of being unable to account for the interest accrued to N550bn recovered funds as well as recovered vehicles and houses.

He went further to explain that some of the houses permanently forfeited to the Federal Government by looters had also been handed over to some government agencies like the Voice of Nigeria, North -East Development Commission and the Pension Transitional Arrangement Directorate


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