Categories: Government

Senate Suspends Magu’s Confirmation as EFCC Boss

  • 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.

Samed Olukoya

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.

Share
Published by
Samed Olukoya

Recent Posts

Nigeria’s External Reserves Drop to $40.09 Billion Amid Currency Market Challenges

Nigeria’s external reserves declined to $40.09 billion as of January 21, 2025, according to data…

8 hours ago

GTCO and UBA Lead Activity as Market Cap Holds Steady at N63 Trillion

The Nigerian stock market closed on a mixed note on Wednesday as the All-Share Index…

8 hours ago

Nigerian-American Billionaire Ogunlesi Sees Fortune Rise by $600 Million in One Week

The net worth of Nigerian-American billionaire Adebayo Ogunlesi has surged by $600 million in a…

9 hours ago

Pounds to Naira Black Market Exchange Rate Today, 24th January 2025

The exchange rate between the British Pound (GBP) and the Nigerian Naira (NGN) in the…

16 hours ago

Dollar to Naira Black Market Exchange Rate Today, 24th January 2025

How Much is Dollar to Naira Today in Black Market? As of today, 24th January…

16 hours ago

Tolaram Group Drives Guinness Nigeria to First Profit in Six Months Post-Takeover

Guinness Nigeria Plc has reported a pre-tax profit of N20.1 billion for the second quarter…

21 hours ago