Connect with us

Government

Anti-graft War Now Total, Says Magu

Published

on

ibrahim-magu
  • Anti-graft War Now Total, Says Magu

Economic and Financial Crimes Commission (EFCC) Acting Chairman Ibrahim Magu yesterday said the war against corruption “is now total”.

The commission, he said, is more determined than ever to fight corruption to a standstill and to sustain “the current momentum”.

“We’re now going to declare total war on corruption. It is our responsibility to crush corrupt practices in this country,” he said.

Magu spoke in Lagos. He was received by a team of senior editors and management.

The EFCC chief was accompanied by the commission’s Public Affairs Director Mr Osita Nwaja, Head of Media Mr Wilson Uwujaren and Head, Media in Lagos Office, Mr Samin Amaddin.

He described the biggest challenge to the Muhammadu Buhari administration’s anti-graft crusade as “corruption fighting back”.

“It’s real and they (those fighting back) have all the money,” he said.

Magu said there were no fewer than 125 high profile corruption cases still “hanging in court”.

On the delay of such cases, Magu blamed it all on Senior Advocates of Nigeria (SANs), who he said were used by rich and powerful suspects to frustrate cases.

“How can 31 SANs go to court to defend one (suspected) looter? Sometimes judges are intimidated. Why should 31 SANs appear for a suspect? We need to ask questions,” Magu said.

He said such lawyers adopt several strategies to delay cases, some of which have spent nearly 10 years in court.

“They abuse the court process, file all kinds of applications and go on appeal, which goes up to the Supreme Court and back. They adopt different technicalities and delay tactics. Sometimes they provoke the judges and write petitions against them.

“But I don’t control the judges. We don’t have control over what happens in court. Our role is to investigate,” he said.

Magu denied allegations that EFCC does shoddy investigations and prosecute ineffectively.

“We investigate better than any other law enforcement agency in this country, including the police,” he said.

Magu said he does not interfere with the work of investigators, adding that once any intelligence is received, the investigation must be concluded.

The Acting EFCC chairman denied any rift with the Attorney-General of the Federation (AGF) and the Department of State Services (DSS).

“I am a law-abiding citizen. I respect constituted authority,” Magu said, adding that he duly handed over the list of high profile cases as requested by AGF Abubakar Malami (SAN).

On loot recovery, Magu said one of EFCC’s strategies was to recover assets and funds suspected to be proceeds of crime by applying to the court for interim forfeiture orders, publishing a 14-day notice for the owners to show up, and then applying for a final forfeiture.

He said the EFCC had appealed the acquittal of former Adamawa State Governor Bala Ngilari, who was discharged by an Appeal Court sitting in Yola of corruption charges.

Magu denied that former Bayelsa State Governor Timipre Sylva, who is under EFCC investigation, had retrieved properties seized from him by the commission.

“We have not released any property to Sylva,” Magu said.

On his non-confirmation by the Senate, Magu said: “I strongly believe in God. When it’s time to leave I’ll leave.”

On the threat by the Egmont Group of Financial Intelligence Units to expel the Nigerian Financial Intelligence Unit (NFIU) for not being an independent entity, Magu claimed there were moves to meet the group’s demands long before the Senate intervened.

He said before the Senate’s move to completely remove NFIU from the EFCC, there were moves to make NFIU a separate unit within the anti-graft agency and to secure the tenure of its director so it is not tied to that of the EFCC chairman.

According to him, granting NFIU “some security and operational autonomy” was what the Egmont Group demanded.

He believes the Senate’s move to pass a law to make the NFIU independent of the commission was a bid to “weaken the workings of the EFCC”.

Egmont Group was created to provide Financial Intelligence Units around the world a forum to exchange information confidentially to combat money-laundering, the financing of terrorism and other predicate offences.

Magu said the shooting at the EFCC had been referred to the police.

“There is a real threat, but we are used to it,” he said, adding that the department that was attacked had been transferred to a safe location.

He said the war against corruption could not be successfully fought without media support.

“I believe all journalists are corruption fighters. Let everybody do the right thing. Let us mobilise everybody’s support in the fight against corruption. Consider yourself as if working for the EFCC.

“Corruption is the worst developmental problem we have in this country. We need more support. This fight is for our collective good.

“We should not allow ourselves to be purchased to the detriment of our co-existence. We need to mobilise everybody. Let’s do it together.

“We need your collective support in whatever we’re doing. You have supported us and we ask for more support. We owe a duty to this country. We must do the right thing for our collective good.

“We’re not going to completely kill corruption, but we have a collective responsibility to reduce it,” Magu said.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Continue Reading
Comments

Government

EFCC Declares Former Kogi Governor, Yahaya Bello, Wanted Over N80.2 Billion Money Laundering Allegations

Published

on

Yahaya Bello

The Economic and Financial Crimes Commission (EFCC) has escalated its pursuit of justice by declaring former Kogi State Governor, Yahaya Bello, wanted over alleged money laundering amounting to N80.2 billion.

In a first-of-its-kind action, the EFCC announced Bello’s wanted status in connection with the alleged embezzlement of funds during his tenure as governor.

The commission, armed with a 19-count criminal charge, accused Bello and his cohorts of conspiring to launder the hefty sum, which was purportedly diverted from state coffers for personal gain.

The declaration of Bello as a wanted fugitive came after a series of failed attempts by the EFCC to effect his arrest.

Despite an ex-parte order from Justice Emeka Nwite of the Federal High Court, Abuja, mandating the EFCC to apprehend and produce Bello in court for arraignment, the former governor managed to evade capture with the reported assistance of his successor, Governor Usman Ododo.

This latest development shows the challenges faced by law enforcement agencies in holding powerful individuals accountable for their actions.

However, it also demonstrates the unwavering commitment of the EFCC to uphold the rule of law and ensure that justice is served, irrespective of the status or influence of the accused.

In response to the EFCC’s declaration, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, issued a stern warning to Bello, stating that fleeing from the law would not resolve the allegations against him.

Fagbemi urged Bello to honor the EFCC’s invitation and cooperate with the investigation process, saying it is important to uphold the rule of law and respect the authority of law enforcement agencies.

The EFCC’s pursuit of Bello underscores the agency’s mandate to combat corruption and financial crimes, sending a strong message that individuals implicated in corrupt practices will be held accountable for their actions.

Continue Reading

Government

Concerns Mount Over Security as National Identity Card Issuance Shifts to Banks

Published

on

NIMC enrolment

Amidst the National Identity Management Commission’s (NIMC) recent announcement that the issuance of the proposed new national identity card will be facilitated through applicants’ respective banks, concerns are escalating regarding the security implications of involving financial institutions in the distribution process.

The federal government, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), introduced a new identity card with payment functionality, aimed at streamlining access to social and financial services.

However, the decision to utilize banks as distribution channels has sparked apprehension among industry stakeholders.

Mr. Kayode Adegoke, Head of Corporate Communications at NIMC, clarified that applicants would request the card by providing their National Identification Number (NIN) through various channels, including online portals, NIMC offices, or their respective banks.

Adegoke emphasized that the new National ID Card would serve as a single, multipurpose card, encompassing payment functionality, government services, and travel documentation.

Despite NIMC’s assurances, concerns have been raised regarding the necessity and security implications of introducing a new identity card system when an operational one already exists.

Chief Deolu Ogunbanjo, President of the National Association of Telecoms Subscribers, questioned the rationale behind the new General Multipurpose Card (GMPC), citing NIMC’s existing mandate to issue such cards under Act No. 23 of 2007.

Ogunbanjo highlighted the successful implementation of MobileID by NIMC, which has provided identity verification for over 15 million individuals.

He expressed apprehension about integrating the new ID card with existing MobileID systems and raised concerns about data privacy and unauthorized duplication of ID cards.

Moreover, stakeholders are seeking clarification on the responsibilities for card blocking, replacement, and delivery in case of loss or theft, given the involvement of multiple parties, including banks, in the issuance process.

The shift towards utilizing banks for identity card issuance raises fundamental questions about data security, privacy, and the integrity of the identification process.

With financial institutions playing a pivotal role in distributing sensitive government documents, there are valid concerns about potential vulnerabilities and risks associated with this approach.

As the debate surrounding the security implications of the new national identity card continues to intensify, stakeholders are calling for greater transparency, accountability, and collaboration between government agencies and financial institutions to address these concerns effectively.

The paramount importance of safeguarding citizens’ personal information and ensuring the integrity of the identity verification process cannot be overstated, especially in an era of increasing digital interconnectedness and heightened cybersecurity threats.

Continue Reading

Government

Israeli President Declares Iran’s Actions a ‘Declaration of War’

Published

on

Israel Gaza

Israeli President Isaac Herzog has characterized the recent series of attacks from Iran as nothing short of a “declaration of war” against the State of Israel.

This proclamation comes amidst escalating tensions between the two nations, with Iran’s aggressive actions prompting serious concerns within Israel and the international community.

The sequence of events leading to Herzog’s grave assessment began with a barrage of 300 ballistic missiles and drones launched by Iran towards Israel over the weekend.

While the Israeli defense forces managed to intercept a significant portion of these projectiles, the sheer scale of the assault sent shockwaves through the region.

President Herzog’s assertion of war was underscored by Israel’s careful consideration of its response options and ongoing discussions with its global partners.

The gravity of the situation prompted the convening of the G7, where member nations reaffirmed their commitment to Israel’s security, recognizing the severity of Iran’s actions.

However, the United States, a key ally of Israel, took a nuanced stance. President Joe Biden conveyed to Israeli Prime Minister Benjamin Netanyahu that, given the limited casualties and damage resulting from the attacks, the US would not support retaliatory strikes against Iran.

This position, though strategic, reflects a delicate balancing act in maintaining stability in the volatile Middle East region.

Meanwhile, Russian Foreign Minister Sergei Lavrov and his Iranian counterpart Hossein Amir-Abdollahian cautioned against further escalation, emphasizing the potential for heightened tensions and provocative acts to exacerbate the situation.

In response to the escalating crisis, the Nigerian government issued a call for restraint, urging both Iran and Israel to prioritize peaceful resolution and diplomatic efforts to ease tensions.

This appeal reflects the broader international consensus on the need to prevent further escalation and mitigate the risk of a wider conflict in the Middle East.

As Israel grapples with the implications of Iran’s aggressive actions and weighs its response options, President Herzog reiterated Israel’s commitment to peace while emphasizing the need to defend its people.

Despite calls for restraint from global allies, Israel remains vigilant in safeguarding its security amidst the growing threat posed by Iran’s belligerent behavior.

The coming days are likely to be critical as Israel navigates the complexities of its response while international efforts intensify to defuse the escalating tensions between Iran and Israel.

The specter of war looms large, underscoring the urgency of diplomatic engagement and concerted efforts to prevent further escalation in the region.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending