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Senate Suspends Magu’s Confirmation as EFCC Boss

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EFCC Chairman, Ibrahim Magu
  • Senate Suspends Magu’s Confirmation as EFCC Boss

The Senate, Thursday, failed to confirm the Acting Chairman, Economic and Financial Crimes Commission, EFCC, Mr. Ibrahim Magu as the commission’s chairman.

This is sequel to the failure of the Senate to hold the confirmation hearing scheduled for Thursday to consider the request by President Muhammadu Buhari who had sought the confirmation of Magu, from the Senate, as the commission’s boss.

Recall that the Letter from the President requesting Magu’s confirmation was read by the Senate President, Bukola Saraki, on July 14 but the Senate did not commence hearing of the request.

Also, the deputy Senate President, Ike Ekweremadu, had announced at plenary on Wednesday that the confirmation hearing would hold Thursday, after five months of delay.

However, the Senate did not list the confirmation in the Order Paper for Thursday hearing, hence, placing Magu’s confirmation pending.

Moreover, officials of the EFCC led by the acting Chairman, Mr. Magu, were at the Senate this morning, waiting to be called for the hearing which never came.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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