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Magu, Detectives In Ghana To Block Slush Funds - Politics - Nairaland

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Kenyan Detectives Arrest Two Nigerians For Murder / Show Evidence I Benefitted From N156m Slush Fund, Atiku Tells FG / Atiku: $1bn Fuel ‘subsidy’ In 2019 Budget Is Buhari’s Campaign Slush Fund (2) (3) (4)

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Magu, Detectives In Ghana To Block Slush Funds by dre11(m): 7:51am On Jan 17, 2019
by Yusuf Alli, Abuja


Politicians relying on slush funds to run their campaigns will not have it easy, The Nation has learnt.

Detectives are off to Ghana to block repatriation of such funds.

The mission to Ghana is headed by Economic and Financial Crimes Commission (EFCC) Acting Chairman Ibrahim Magu.

The anti-graft agency is also hunting for properties bought with illicit cash by some Politically Exposed Persons (PEPs) in Ghana and other West African countries.

The EFCC has signed a Memorandum of Understanding (MoU) with the Economic and Organised Crime Office (EOCO), Ghana Financial Intelligence Centre (FIC) and Ghana Police Service (GPS) to track down some suspects.

Magu and the detectives arrived in Ghana on Sunday night with some intelligence report on huge campaign cash movement along the West Coast and a list of suspects being trailed.

It was gathered that in the last 72 hours, the EFCC delegation and the team from the EOCO of Ghana have exchanged some information.

A source, who spoke in confidence, said: “The EFCC chairman has taken the battle against the use of slush funds for campaign by candidates to Ghana and some ECOWAS countries.

“Due to cash crunch, there have been intelligence reports that some politicians and those who looted the treasury had been trying to haul cash to Nigeria for campaign.

“Some of them were suspected to be engaging some Nigerian banks in Ghana for the transfer of the illicit funds.

“We are determined to block such funds in Ghana and other countries. We have been tracking the movement of the slush funds from abroad.”

Another source gave insights into the Ghana trip.

The source said: “The Commission has been targeting safe havens all over the world through collaboration with law enforcement agencies in those countries. The commission is making tremendous progress in recoveries of funds and properties from such territories and within Nigeria.

“There is high rate of movement of these funds by road transportation through the porous land borders to avoid the prying eyes of security personnel at the airports.

“ Magu’s fear is that if these illicit funds are not checked, they could be used to undermine national security.

“There are suspicions that these funds could be used to support Boko Haram terrorists as in the recent dare-devil audacity with which the group has been challenging the military.

“As the elections draw nearer, these funds could come handy in buying votes, arming thugs and causing confusion in the country.”

The EFCC team is also in Ghana to identify properties and explore areas of cooperation with the Economic and Organized Crime Office (EOCO) and other agencies.

A third source said: ”Some PEPs and cybercrime fraudsters in concert with some Ghanaians and financial institutions buy choice properties running into millions of dollars in protected neighbourhoods in Accra.

“There is also the angle of crude oil thieves who smuggle products from Nigeria, using Ghana as their base and thereafter laundering their proceeds through buying properties or moving the monies to Nigeria.

“Magu is working in collaboration with the EOCO, FIC and other relevant law enforcement agencies in Ghana.

“The Commission is in the process of signing a Memorandum of Understanding with these agencies and the Ghana Police Service to tackle this menace according to reports.”

When contacted, the Special Assistant on Media and Publicity to the EFCC Chairman, Mr. Tony Amokeodo, confirmed that a team led by Magu was in Ghana.

He declined further comments.


http://thenationonlineng.net/magu-detectives-ghana-block-slush-funds/

2 Likes

Re: Magu, Detectives In Ghana To Block Slush Funds by Naijawebmaster: 8:03am On Jan 17, 2019
Weldone Magu. Fish them all out. Don't be selective oh. Even those at home now. Don't keep any sacred Cows.
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9 Likes 1 Share

Re: Magu, Detectives In Ghana To Block Slush Funds by dexterinc2003: 8:03am On Jan 17, 2019
angry angry
All rigging avenue 99.9% blocked.

On a lighter note, when will we begin to see the effects of the Dubai strategy??

11 Likes 1 Share

Re: Magu, Detectives In Ghana To Block Slush Funds by ainas247: 8:03am On Jan 17, 2019
smiley black money and allow the looters move freely yeye..

Put your business on Google and get more clients check my profile to see new results
Re: Magu, Detectives In Ghana To Block Slush Funds by Johnrake69: 8:04am On Jan 17, 2019
Ok
Re: Magu, Detectives In Ghana To Block Slush Funds by GlorifiedTunde(m): 8:04am On Jan 17, 2019
Nice game!

4 Likes 2 Shares

Re: Magu, Detectives In Ghana To Block Slush Funds by lamidex(m): 8:04am On Jan 17, 2019
Ok, next?
Re: Magu, Detectives In Ghana To Block Slush Funds by kaen1317: 8:05am On Jan 17, 2019
Another big mistake by PMB

1 Like 1 Share

Re: Magu, Detectives In Ghana To Block Slush Funds by Authoreety: 8:05am On Jan 17, 2019
Wetin concern dem with slush fund biko...


Abi no be money naija take dey do election again...

Abeg let d money flow ooo

Buhari fighting tooth nd nail to make sure hunger remains in d land.. Na wa for ds kind person o...
Re: Magu, Detectives In Ghana To Block Slush Funds by helinues: 8:05am On Jan 17, 2019
This is getting interesting

1 Like 1 Share

Re: Magu, Detectives In Ghana To Block Slush Funds by 2sexycom(m): 8:06am On Jan 17, 2019
They ate wasting their time...

Lol... Use like 100 guys move the funds enter naija.
Re: Magu, Detectives In Ghana To Block Slush Funds by islandmoon: 8:06am On Jan 17, 2019
they have no clue, i wish they have put this effort in fighting terrorism, they are only fighting to keep the dullard in power
Re: Magu, Detectives In Ghana To Block Slush Funds by Yankee101: 8:06am On Jan 17, 2019
Slush funds from African countries?

EFCC is still a learner

If you can't access the Caymans and other havens forget it

1 Like

Re: Magu, Detectives In Ghana To Block Slush Funds by MANNABBQGRILLS: 8:06am On Jan 17, 2019
Magu’s fear is that if these illicit funds are not checked, they could be used to undermine national security.
There are suspicions that these funds could be used to support Boko Haram terrorists as in the recent dare-devil audacity with which the group has been challenging the military.
Sane Nigerians know who the sponsors of boko haram are.
And they will neverknow peace all the rest of their lives.
EFCC IS WORKING.

5 Likes 4 Shares

Re: Magu, Detectives In Ghana To Block Slush Funds by Rollins777(m): 8:08am On Jan 17, 2019
Www
Re: Magu, Detectives In Ghana To Block Slush Funds by foliman(m): 8:10am On Jan 17, 2019
Yankee101:
Slush funds from African countries?

EFCC is still a learner

If you can't access the Caymans and other havens forget it

A step at a time bro!

5 Likes

Re: Magu, Detectives In Ghana To Block Slush Funds by wink2015(m): 8:10am On Jan 17, 2019
The Buhari administration is not building institutions that will live after the life span of his administration to fight corruption.

Most of the anti-corruption war is built around the personality of BUHARI AND MAGU.

What happen after Buhari leaves power.
Re: Magu, Detectives In Ghana To Block Slush Funds by wink2015(m): 8:11am On Jan 17, 2019
Yankee101:
Slush funds from African countries?

EFCC is still a learner

If you can't access the Caymans and other havens forget it

Even the Cayman Island and the rest of Carribean countries that you mentioned survived on DIRTY FUNDS especially from African countries.

These countries will never co-operate with Nigeria because that is their LIFELINE apart from legit funds they receive from TOURISM.

CORRUPTION WILL BE MINIMISED IF NIGERIA IS RESTRUCTURED TO A TRUE FEDERAL STATE WHERE EACH STATE HAVE TO WORK FOR ITS OWN FUNDS TO RUN GOVERNMENT.

There is so much leakages at the federal level because Nigeria concentrates the bulk of the money at the federal centre where the federal governor assume the position of LORDSHIP dishing out stipend or peanuts to states and local government and do not have strong institutions to manage money with the attendant risks of leakages here and there.

5 Likes

Re: Magu, Detectives In Ghana To Block Slush Funds by able1993(m): 8:11am On Jan 17, 2019
That is beautiful, they should continue, I hope after this, APC would not buy vote during the election, else, all this is a jamboree....

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Re: Magu, Detectives In Ghana To Block Slush Funds by bugggg: 8:12am On Jan 17, 2019
When politicians don dey put money 4 bitcoin... dem never know anything
Re: Magu, Detectives In Ghana To Block Slush Funds by AsiwajuNdigbo: 8:15am On Jan 17, 2019
post=74839091:
VERY GOOD DEVELOPMEMT
Everything is very good development to you. A very good development awaits you on feb16th, in daura.
Re: Magu, Detectives In Ghana To Block Slush Funds by KINGwax007(m): 8:16am On Jan 17, 2019
They will eventually kill this MAGU. He's a good nightmare

1 Like

Re: Magu, Detectives In Ghana To Block Slush Funds by MANNABBQGRILLS: 8:18am On Jan 17, 2019
Naijawebmaster:
Weldone Magu. Fish them all out. Don't be selective oh. Even those at home now. Don't keep any sacred Cows.
**Still looking for a professional website design? We are Nigeria's most trusted Web developers. *No advanced payment required! Check my signature
Great words from a great man

4 Likes 2 Shares

Re: Magu, Detectives In Ghana To Block Slush Funds by MANNABBQGRILLS: 8:18am On Jan 17, 2019
AsiwajuNdigbo:

Everything is very good development to you. A very good development awaits you on feb16th, in daura.
Bad development for you then.
Live with it.

3 Likes 3 Shares

Re: Magu, Detectives In Ghana To Block Slush Funds by GavelSlam: 8:20am On Jan 17, 2019
bugggg:
When politicians don dey put money 4 bitcoin... dem never know anything

The same Bitcoin that has lost half its value in the last year.

grin

1 Like

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Re: Magu, Detectives In Ghana To Block Slush Funds by bugggg: 8:26am On Jan 17, 2019
Yimu stay there dey look....so far it's untraceable noin concern looters with value.
GavelSlam:

The same Bitcoin that has lost half its value in the last year.

grin
Re: Magu, Detectives In Ghana To Block Slush Funds by GavelSlam: 8:29am On Jan 17, 2019
bugggg:
Yimu stay there dey look....so far it's untraceable noin concern looters with value.

A thief does not mind that the one billion Naira he stole yesterday is now 420 million.

1 Like

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