There’s Nothing Wrong In Raiding ‘Yahoo Boys’ At Nightclubs – Magu

 

The acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has come out to defend the raids on nightclubs in the country, insisting that there is nothing wrong in it.

The anti-graft agency recently stormed a nightclub in Ibadan, the Oyo state capital and arrested 89 suspected internet fraudsters, known as ‘Yahoo Yahoo boys’.

Mr Magu said the move is important because that’s where internet fraudsters gather and spend the money gotten from their victims.

“If it is nightclubs, these are the places the yahoo boys gather and spend the money. There is nothing wrong in raiding the yahoo boys at nightclubs.”

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The EFCC boss who was in Ibadan to inspect the new recruits of the commission at the state zonal office on Wednesday, stressed that the raid on the nightclubs is based on credible intelligence gathered.

“It is not about nightclub, raiding of nightclub is left to the police, we don’t have much power, and we will go there when we are sure it is the fraudsters.

“We are not raiding nightclub, we are going after the yahoo yahoo boys and we always do that when we have a credible intelligence.”

He added that the fraudsters are small boys and need the support of everybody to rehabilitate them.

“What we will do is that we have to collaborate to rehabilitate them into the society. These are small boys who are intelligent, they can be useful.

“There are a lot of fraudsters who have made millions, we can find a way to bring them back so they can be better citizens tomorrow,” he said.

We Will Repatriate Alison-Madueke To Face Financial Crime Charges – Magu

 

The acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has given an assurance that former minister of petroleum Diezani Alison-Madueke will be repatriated before the end of the year to face financial crime charges levelled against her.

The EFCC boss on Wednesday, while speaking to journalists in Ibadan the Oyo state capital after an inspection of the ongoing recruitment exercise for the commission, said that Mrs Alison-Madueke has been enjoying protection outside Nigeria.

He revealed that the country where she is currently being held have not been able to establish any offence she has committed.

“This year we must get her because they have no reason to keep her. They have not taken her to court and we are in the fifth year, why should we be investigating a matter for five years?

READ ALSO: PHOTOS: Adoke In Court For Arraignment

“It’s a straight forward case, you know it’s a financial crimes investigation; it’s not a murder case, this is a straightforward case, if you don’t have any sufficient evidence to establish any offence, bring her back, we have more than enough evidence to take her to court.

“I don’t know why they are protecting her, release her let her come back to Nigeria; they are giving her protection for whatever reason and they are yet to disclose whatever offence she has committed, they are only relying on the evidence we have recovered,” he stressed.

Meanwhile, Mr Magu maintained that the whistleblower policy is still very active, but suffers setback due to the court process involved.

He stressed that some details of the process need to be fine-tuned.

“The whistleblower policy is very active and working, the only thing is that it is being slowed down because you have to go to court to exhaust all the processes; the court would have to declare the amount that is recovered and it is ready for the Federal Government, then we will give the whistleblower their share.

“We are relying on you to expose them so that we can go after them, we have a working relationship with the FBI and other law enforcement agencies in almost all the countries and we have been able to procure the extradition of the former AGF, Adoke,” he stated.

We’ll Bring Back All The Looters Hiding Outside The Country – Magu

 

The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu has said that the agency will request the extradition of persons alleged to have looted public funds.

The EFCC boss stated this on Tuesday, during an interview with journalists after an assessment visit to the Ilorin zonal head of the agency.

READ ALSO: EFCC Forfeiture: Court Adjourns Saraki’s Suit Challenging Jurisdiction

He stated that the fight against corruption has been renewed this year and anyone found guilty will be prosecuted.

“We will arraign everybody investigated, when it is concluded, will be prosecuted.

“This is just the beginning, we are going to request more extradition; we will bring back all the looters who are hiding outside the country.

“The fight against corruption has just started, it is renewed this year,” he added.

Mr Magu debunked the assertion that the establishment of the Agency in Kwara state is to go after select persons.

“It is not fair, Kwara is one of the oldest states in the Federation, and it deserves a Headquarter of the EFCC.

“Not because of an individual, at all, far from it.”

Court Dismisses Suit Seeking Magu’s Removal As Acting EFCC Boss

Ibrahim Magu, EFCC Chairman, Senate

 

The Federal High Court in Abuja has dismissed some suits seeking the removal of the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu.

The plaintiffs had sought Magu’s removal on the grounds that the Senate had twice rejected his appointment and refused to screen him to take up the position in a substantive capacity.

They argued that Mr. Magu, who has been acting as the EFCC chairman since 2015, after being rejected by the senate, was not fit to continue to serve in that capacity.

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Delivering judgment, Justice Ijeoma Ojukwu held that there was a lacuna in the law by not providing for the timeframe within which a person could act as EFCC’s chairman.

She noted that although the lacuna ought not to be exploited to “install” Magu in office in substantive capacity without the Senate confirmation, it had given the President as the appointor “the proverbial yam and the knife to do as he pleases” with the appointment of the EFCC chairman.

As a result of that, the suits are of no moment and are hereby dismissed.

EFCC To Go After Doctors Who Issue Fake Medical Reports To Criminals, Says Magu

 

The next set of people on the radar of the Economic and Financial Crimes Commission (EFCC) are medical doctors who connive with suspected criminals to issue fake medical reports.

This is according to the acting chairman of EFCC, Ibrahim Magu, during a briefing in Abuja.

He explained that the antigraft agency is casting its nets wide to investigate other sister agencies such as the police, NGOs in the northeast who carry out similar practices.

“We will extend our investigation to doctors who connive with criminals and give them fake medical reports.

“There is a way they can get a false report from hospitals abroad because they can contact them and they will send it to them, we need to put them on the spot so the practice of giving fake medical reports must stop.”

READ ALSO: Kidnap Suspect Arrested As Police Rescue Boy, Seven Victims In Kaduna

On the issue of plea bargain strategy for suspected cyber fraudster also known as ‘yahoo boys’, Mr. Magu complained that most of them do not abide by the agreement.

The EFCC boss urged the media to join the fight against corruption by promoting anti-corruption narratives.

“How can we put heads together and rehabilitate them because they are young university boys, what strategies can we do to bring back these boys to the society so that they can be more useful to this country.

“We also give them the chance to go for plea-bargain and we make sure the process is transparent and when they have the chance, they go back, they are not abiding with the agreement.”

He also explained that the antigraft agency does not just go after people with flashy cars, but a thorough background investigation is done to ascertain the source of the wealth and efforts are taken to monitor the financial activities of suspects in connection with internet fraud and e-mail scam before a decision is taken.

Corruption: I Don’t Care Who You Are, I’ll Go After You – Magu

Acting Chairman of the EFCC, Ibrahim Magu speaking to journalists in Benue state

 

Acting Chairman of the Economic and Financial Crimes Commission, (EFCC), Ibrahim Magu, has distanced himself and the anti-graft agency from political inclination.

Speaking with journalists on Monday, Mr Magu stated that the agency will come after anyone alleged to be corrupt, regardless of who they are.

“I don’t care who you are, where you come from. The political inclination is not an issue, so there is no question of identifying the chairman of a political party under investigation,” he said.

“If you are corrupt, I’ll go after you. You can see the two governors who were convicted were APC governors; there is no doubt about that”.

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He further explained that the agency does not invite people on a hear-say basis, but only when there is something linked to the person.

“If you are corrupt, we usually conduct a very thorough preliminary investigation before we go after you, that’s why if you are invited by EFCC, there must be something.

“I think the fear factor is helping a lot,” he added.

Magu: EFCC Is Investigating Okorocha, Others

 

The Economic and Financial Crimes Commission (EFCC) has confirmed that it is investigating Governor Rochas Okorocha of Imo State and some other Nigerians.

Acting chairman of the anti-graft agency, Mr Ibrahim Magu, affirmed this during an exclusive interview with Channels Television in London.

Asked if an investigation is ongoing regarding the governor, he responded, “definitely”.

“Of course, we are doing a couple of checks and investigations here and there. We are investigating almost everybody,” the EFCC boss added.

READ ALSO: Nigeria’s GDP Records Slow Growth In 2019 First Quarter

He noted that the commission has to get to a certain level before it can disclose any information about an ongoing investigation.

EFCC Is Investigating Okorocha, Says Magu

 

Mr Magu explained that this was necessary to prevent any action that can jeopardise or interfere with the process of the inquiry.

According to him, Governor Okorocha is one of the many people being investigated by the commission.

The EFCC boss said although he was aware of reports of the investigation on the social media, the details the anti-graft agency has was different from what was in the public space.

He, however, declined to disclose it.

On the EFCC’s probe of the Senate President, Dr Bukola Saraki, he said there was nothing personal.

Magu is in the United Kingdom to meet with investigators assisting the Nigerian government in solving cases of money laundering and financial crimes.

Recently, Governor Okorocha gave an indication that he was under the spotlight of the EFCC, saying he is the most investigated governor in the country.

EFCC Recovers Over N117bn, Secures 192 Convictions In Three Months

EFCC Recovers Over N117bn, Secures 192 Convictions In Three Months
A file photo of Mr Ibrahim Magu

 

The Economic and Financial Crimes Commission (EFCC) says it has made recoveries totalling over N117 billion since the beginning of 2019.

The acting EFCC Chairman, Mr Ibrahim Magu, who disclosed this on Thursday in Abuja, said the commission recovered N239.16 in 2018.

Mr Magu made the disclosure during his appearance before the House Committee on Anti-Corruption and Financial Crimes, to give an appraisal of EFCC’s 2018 budget performance and defend its 2019 budget proposal.

He also revealed that the anti-graft agency obtained 313 convictions in 2018 while more than 190 convictions have been secured since January 2019.

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“In the first quarter of 2019 financial year, the commission made recoveries which include cash recovery of N140.7 million, direct deposit of N2.021 billion, tax recoveries of N7.20 billion, subsidy recovery – N3.06 billion, and USD recovery of $292 million,” the EFCC chairman said.

He added, “In the course of the year 2018 financial year, the commission obtained 313 convictions across its offices. It interesting to know that the commission has also obtained 192 convictions from January 2019 to date.”

Magu, however, identified incomplete budgetary releases as a major reason for the inability of the agency to meet its needs and obligations.

He appealed to the House Committee to increase the budgetary allocation for the EFCC in 2019, in order to carry out its duties effectively.

 

The Director of the Nigerian Financial Intelligence Unit (NFIU), Mr Modibbo Hamman-Tukur, also appeared before the committee to defend the budget of the agency.

He outlined some of the objectives the NFIU has to meet following the lifting of Nigeria’s suspension from the Egmont Group.

Hamman-Tukur informed the lawmakers that the 2019 budgetary proposal for the agency was insufficient as it needed adequate funds to effectively carry out its role.

The Chairman of the House Committee, Kayode Oladele, promised the EFCC and NFIU that the lawmakers would consider their requests.

Earlier, he welcomed them to what he said was the last defence session of the 8th National Assembly and gave an overview of the committee’s work.

N1.3 Trillion Stolen Between 2011 And 2015, Magu Reveals

BREAKING: Police Promote EFCC Boss Magu, 17 Others
File photo: Ibrahim Magu

 

The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu has revealed that the money stolen between 2011 and 2015 is well over N1.3 trillion.

According to Magu, the money stolen within this period was by 32 entities, both human and corporate.

Magu made the disclosure in his keynote address at the opening ceremony of the 2019 First Batch Conversion Training Programme to Procurement Cadre for Federal Parastatal and Agencies, organised by the Bureau of Public Procurement, BPP, in Lagos on Monday.

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Magu, in a paper delivered on his behalf by the Commission’s Secretary, Ola Olukoyede decried the huge financial loss to the country and noted that a quarter of the money could have been used for education and infrastructure development in the country.

“One third of this money, using world bank rates and cost, could have comfortably been used to construct well over 500km of roads; build close to 200 schools; educate about 4000 children from primary to tertiary levels at N25million per child; build 20,000 units of two-bedroom houses across the country and do even more.

“The cost of this grand theft, therefore, is that these roads, schools and houses will never be built and these children will never have access to quality education because a few rapacious individuals had cornered for themselves what would have helped secure the lives of the future generations, thereby depriving them of quality education and healthcare, among others,” he added.

The EFCC boss further identified the fraudulent practices in procurement processes in Nigeria to include: kickbacks, conflict of interests, and fraud in the bidding process, bid suppression, collusive bidding, bid rotation and market division. Others according to him are: co-mingling of contracts, change order abuse, cost mischarging, defective pricing, false statement and claim, phantom vendors, product substitution, unnecessary purchases and purchases for personal use or resale.

EFCC To Reward Nigerians For Information About Vote Buyers

You Can't Be Fighting Corruption And Be Corrupt – EFCC Boss
File photo: Ibrahim Magu

 

As part of efforts to ensure a successful general election, the Economic and Financial Crimes Commission (EFCC), has warned against vote-buying and has promised to reward any Nigerian with useful information about anyone involved in the act.

According to a statement issued on Wednesday by the Ag Head. Media & Publicity of the anti-graft agency, Tony Orilade, the reward is in accordance with the Whistle Blowing policy.

Also according to the statement, the Acting Chairman of the Commission, Mr Ibrahim Magu, warned against voter inducement, saying that the full weight of the law will be applied against perpetrators and receivers of illicit funds to undermine the elections and its national security.

The statement read, “We wish to warn Nigerians against those who intend to engage in voters inducement.

“There are existing laws in the Electoral Act, 2010 (EA), which forbid voters inducement.

“For the avoidance of doubt, Section 124 of the Electoral Act, 2010 says that any person paying money to any person as bribe at any election is liable to punishment of N500,000 fine or 12 months imprisonment or both upon conviction.

“Section 124 of the Electoral Act, 2010 also states that any person receiving any money or gift for voting or to refrain from voting at any election will be liable to a maximum fine of N500,000 or 12 months imprisonment or both.

“We, therefore, urge Nigerians to avoid or resist inducement from corrupt politicians and vote for the candidates of their choice.

“We also seize this opportunity to state that that EFCC in collaboration with INEC will reward any patriotic citizen that provides authentic information leading to the apprehension of any culprit of vote buying in accordance with the Whistle Blowing Policy.

“Our investigations and intelligence gathering sources have revealed that certain corrupt politicians have perfected plans to pollute the electoral process with illicit and looted funds.

“We also have intelligence reports on the plans by some countries in collaboration with some politicians and looters to bring in foreign currencies to induce voters and undermine the elections.

“But our operatives in collaboration with sister agencies are doing everything possible to block the illicit funds and ensure credible polls in the country.

“It is our collective duty to resist attempts to corrupt our electoral process by exposing the evil perpetrators”.

EFCC Boss Raises Alarm Over Name-Dropping, Warns Nigerians Against Impersonators

 

The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, has raised an alarm over the illegal action of some people using his name to defraud innocent Nigerians on the guise of securing favours from him.

He insisted that he has never instructed any relation or officers and men of the commission to engage in any business transaction or wield influence in cases or investigations before the Commission.

In an official statement on Friday, Magu urged the general public to beware of certain dubious people who are dropping his name for non-exiting jobs or favour.

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Magu said, “My attention has just been drawn to latest despicable activities of certain disgruntled elements in our society who have decided to drop my name in order to defraud unsuspecting members of the public over non-existing jobs and unusual favours.

“I wish to say with high sense of responsibility that I have never authorize any officer and men of the commission, including my relations to engage in any business transaction or promise jobs for gratification.

“I wish to further inform the general public that recruitment of officers and men into the commission is strictly on due process.

“I therefore advise the general public to beware of impersonators that are peddling unfounded information about my humble self and the commission.

“I urge the general public to quickly alert the commission whenever anybody claims to be acting on my behalf or the EFCC for favours.”

N5bn Libel Suit: I Wouldn’t Buy Houses In Maitama, Magu Tells Court

N5bn Libel Suit: I Wouldn't Buy Houses In Maitama, Magu Tells Court
Acting EFCC Chairman, Ibrahim Magu, at the Lagos State High Court sitting in Ikeja on December 13, 2018.

 

The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has told a Lagos State High Court sitting in Ikeja that he has only one house in Abuja, the Federal Capital Territory.

Magu gave the testimony on Thursday while testifying in a suit he filed against the publishers of the Sun Newspaper.

He told Justice Doris Okuwobi that the publication alleging that two houses were traced to his wife by the Department of State Service (DSS) was false, stressing that he has only one house in the Karo area of Abuja.

The EFCC boss had sued the publishers of the newspaper for a series of publications which he described as libellous and claimed had damaged his character.

He claimed N5bn damages and demanded that the Sun Newspapers publishes an apology as well as retract the alleged libellous publications.

While responding to questions today from his counsel, Wahab Shittu, on the allegations of a story published in March entitled, ‘Magu Under Fresh Probe’, Magu said nobody has investigated him since he came to the EFCC.

He said, “I am not under any probe; the publication is totally false. Even if I have the money, I wouldn’t buy houses in Maitama. My wife is a civil servant. We only have one house sold to us in Karo, Abuja. The publication is completely untrue.”

“I want to tell you the damage it has done to me. It was not caused to me alone, it has gone down my lineage, the entire family, and it has done so much wrong. It has done so much damage. They said the houses are located in the Darrubbe and Missouri, Maitama and that they belong to my wife.”

“My wife Fatima Yakaka Magu is a civil servant and cannot afford to buy houses in Maitama. I am an international man and the publication has damaged my reputation. The name Magu does not only end with me. The publication caused a whole lot of trauma for my lineage,” he decried.

“They did not confirm the authenticity of the story, the publication about the properties did not give an address, that indicates that it is a hatched work. After the first publication, there were a lot of reactions so they went to my hometown to interview everybody that knows me just to do justice to the first publication.”

When asked what arm of government was supposed to confirm him as the chairman of the EFCC and how many times has he been rejected by the arm, Magu said the Senate was saddled with the responsibility of confirming him and that he had been rejected twice by the Senate.

He, however, said he was not worried that he was not confirmed as the chairman of the anti-graft agency.

After listening to the arguments in the court, Justice Okuwobi adjourned the matter till February 28, 2019, for further proceedings.