Senate to Allow Magu Defend EFCC Budget

Ibrahim MaguIbrahim Magu
  • Senate to Allow Magu Defend EFCC Budget

The Senate will allow the embattled acting chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, defend the budget of the agency irrespective of outstanding issues concerning his confirmation.

The inclination of the Senate despite earlier assertions to the contrary was informed by the fact that the Senate was yet to take a decision on the re-submission of his name for confirmation by President Muhammadu Buhari.

Chairman, Senate Committee on Anti- Corruption and Financial Crimes, Senator Chukwuka Utazi said the committee would maintain the status quo by inviting Magu to the defend the 2017 budget estimate of the commission on the ground that he remains the acting chairman of the commission.

“We are going to maintain the status quo, we are going to invite everyone, we are going to invite the acting Chairman of EFCC, Magu; he is still the acting Chairman of EFCC. Until he is removed, we will invite him for the budget defence and at the moment, he has not been removed.”

“A letter was written to the Senate by President Buhari on Magu, a decision has not been taken on him, it was not referred to any committee or my committee for further actions, the letter was not even discussed, no decision was taken on it, it is not administrative, there must be resolution or reference to any committee in the Senate before actions are carried out. We will invite him for budget defence.”

Doubts over the possibility of Magu appearing to defend the budget proposals of the commission arose after some senators and stakeholders raised issues with the fact that the president stuck to Magu as acting chairman of the commission even after the Senate stood down his nomination on the basis of security report submitted by the Department of State Services, DSS.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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