Newsgistblog

Saturday, 22 April 2017

Breaking: Osinbajo panel quizzes Magu as probe begins - Ikoyi Billions

The Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, was on Friday quizzed by the committee set up by President Muhammadu Buhari to investigate the suspended secretary to the Government of the Federation, Babachir Lawal, and the suspended Director-General of the National Intelligence Agency, Ambassador Ayo Oke.

The three-man committee which is chaired by Vice-President Yemi Osinbajo has the

Ikoyi Billions Probe Has Just Begins

Attorney-General of the Federation, Abubakar Malami (SAN); and the National Security Adviser, Babagana Monguno, as members.

Magu appeared before the committee members for hours at the Vice-President’s office inside the Presidential Villa, Abuja as the committee began sitting early Friday.

It was gathered that the EFCC chairman was asked questions on the recovery of N13bn, which the Director-General of the National Intelligence Agency had claimed belonged to the agency.

It was learned that Magu justified the raid on the Ikoyi apartment where the money was recovered and briefed the committee on the investigation into the operation.

A top source, who confided in Punch, said, “The meeting with Magu was part of the assignment of the committee. He was asked questions on the operation and as expected he justified it.”

It was gathered that the committee asked EFCC to continue with its investigation into the money.