₦airaland Forum

inoki247:
You will not ask when Jubril too will be Visiting Sudan.....
Ur Supreme lord dey du Vacation for Zoo cell...

PandaroObi:
What else? And why should we vote for your IPOB candidate?


I need answers.

Presidential Panel Uncovers How Ex-Chairman Of Anti-Graft Agency, EFCC, Magu Failed To Remit N48billion Loot Including Seized Jets, Hotels — Salami Panel

Ibrahim Magu, the former acting chairman of the Economic and Financial Crimes Commission abandoned 14 fraud cases totaling N118 billion and $309 million (EFCC), according to findings by the presidential panel which investigated him.

The EFCC, under Magu's supervision, was also accused of failing to remit another N48 billion loot recovered in foreign and local currencies in the final report submitted to President Muhammadu Buhari in November 2020, a report by TheCable stated.

The panel, led by former Supreme Court President, Ayo Salami, was formed to investigate the EFCC from May 2015 to May 2020, when Magu was in charge.

The report has now been submitted to the office of the secretary to the federation's government.

According to presidential sources, a panel to create the white paper will be formed soon.

The former EFCC chief was accused of mishandling the recovered loot and selling seized assets to his associates.

The report examined over 100 witnesses' written and oral testimonies, having completed nationwide physical verification of recovered forfeited assets, which included real estate, automobiles, vessels, and other non-cash as well as cash assets.

According to an examination of the report of the Presidential Committee on Audit of Recovered Assets (PCARA) obtained by TheCable, the anti-graft commission provided contradictory figures on the total number of recovered real estate.

The EFCC under the watch of the suspended Ag. Chairman in its submission to PCARA reported N46,038,882,509.87 as being the foreign currency equivalent recovered by the commission between May 29, 2015, and November 22, 2018,” the report stated.

“The EFCC, however, only produced evidence of lodgements of thirty-seven billion, five hundred and thirty-three million, seven hundred and sixty-four thousand, one hundred and ninety-five naira, sixty-six kobo (N37,533,764,195.66), leaving a shortfall of eight billion, five hundred and five million, one hundred and eighteen thousand, three hundred and fourteen naira, twenty-one kobo (N8,505,118,314.21).

“The EFCC reported to PCARA a total naira recovery of five and four billion, one hundred and fifty-four million, one hundred and eighty-four thousand, seven hundred and forty-four naira, four kobo (N504,154,184,744.04); the actual bank lodgement of the naira recoveries was, however, five hundred and forty-three billion, five hundred and eleven million, seven hundred and ninety-two thousand, eight hundred and sixty-three naira, forty-seven kobo (N543,511.792,863.47).

“That EFCC failed to produce before PCARA the evidence/record of the difference of thirty-nine billion, three hundred and fifty-seven million, six hundred and eight thousand, one hundred and nineteen naira, forty-three kobo (N39,357,608,119.43).”

Furthermore, the panel claimed that Magu abandoned multi-million dollar fraud cases involving high-profile individuals and transferred some commission officials who were investigating the cases.

He was also accused of disobeying court orders and presidential directives.

"Between 2016 and 2019, fourteen (14) procurement fraud cases involving N117,972,209,035 and $309,151,419 were abandoned under Mr Ibrahim Magu’s watch,” the judicial commission said.

“The commission observed from its findings that prosecutorial decisions by Ibrahim Magu on case files were based on his personal whims, as against the law and facts. The commission also notes the prevalence of widespread corruption, abuse of power and pervasive impunity in the running of the EFCC.”

The panel also stated that the commission kept poor records on forfeited assets.

The panel stated that under Magu's supervision, the EFCC seized eight plazas, but the commission reported no forfeiture of the plazas.

Furthermore, three jets were listed as being in interim forfeiture, but the panel was unable to locate them; 21 hotels were reported to have been forfeited on an interim order, but only eight were discovered; Only eight of the 42 fuel stations reported to have been forfeited on an interim order could be verified.

According to the report, the vessels seized by the commission were abandoned and sank in the sea, carrying a large amount of petroleum products.

“In 2016, Magu halted the process of disposing of two finally forfeited vessels, MT Good Success with 1,459 metric tons of PMS; and MT Askaris with 3,423,097 metric tons of crude…the cargoes eventually sank…Magu also asked the navy to release two vessels conveying illegally refined AGO to their owners,” the panel said.

“Thirteen water vehicles (vessels) handed over to the EFCC by the Nigerian Navy, out of a total number of 154 vessels, have submerged (sunk) with tons of contents.

“The submissions made by the EFCC before the commission shows that, from inception to date, the total number of non-cash assets recovered under final forfeiture was 3133. The analysis of the recoveries shows that some of the assets were disposed of, forfeited to a third party or negligently lost. The commission conducted physical verification of recovered assets across the country from 1st-27th October 2020. The outcome of the exercise was revealing as some of the forfeited assets have been lost, deteriorated, physically possessed by the suspects, or could not be traced and in some instances remain in occupation years after their final forfeiture.

“The EFCC reported disposal of 275 real estate, the judicial commission only confirmed 76 disposal.”

In July 2020, while Magu was the acting chairman of the EFCC, he was arrested, detained and suspended.

He had appeared before the Salami-led panel probing allegations of gross misconduct against him.

It was earlier reported that the panel recommended Magu’s sacking and prosecution over allegations of corruption and abuse of office.

It has been almost two years since the panel submitted its report, but most of its recommendations are yet to be implemented. Instead, Magu was promoted to the rank of assistant inspector-general (AIG) by the Police Service Commission (PSC) a few weeks before he retired, despite the indictment.

Thedon22:
I have wondered what really should be the yardstick for determining who to vote for as president. Should it be age, tribe, oratory, good looks, ideas, visionary, past record, or what exactly. Some of my friends have argued for age and I decided to do a little research about current and past presidents in other advanced countries and their ages. Does age always matter in developed countries or performance? What I discovered was illuminating. Note I left out Joe Biden of US( 78 years). Below is a summary of my findings and the link.


Oldest Presidents in the World
Most countries have age requirements for the higher political offices, especially president. This is because years of political or military service are often required/desired for the world’s leaders. Every single president on this list only gained their countries’ top office after spending years in various government and/or political roles. Many did not become president until much later in life, while others stepped into their roles fairly early in life and have held on to power for several decades.

As of May 2022, this list is as accurate as possible and will be updated as needed.

8. Karolos Papoulias (June 4, 1929 – December 26, 2021)
Oldest Age While Serving: 85 years, 9 months, 9 days
Country: Greece
Years Served as President: March 12, 2005 – March 13, 2015 (10 years, 1 day)
Political Party: Panhellenic Socialist Movement

Karolos Papoulias (June 4, 1929 – December 26, 2021)
Oldest Age While Serving: 85 years, 9 months, 9 days
Country: Greece
Years Served as President: March 12, 2005 – March 13, 2015 (10 years, 1 day)
Political Party: Panhellenic Socialist Movement


Giorgio Napolitano (June 29, 1925 – Present)
Oldest Age While Serving: 89 years, 6 months, 16 days
Country: Italy
Years Served as President: May 15, 2006 – January 14, 2015 (8 years, 7 months, 30 days)
Political Party: Independent


Joaquín Balaguer (September 1, 1906 – July 14, 2002)
Oldest Age While Serving: 89 years, 11 months, 15 days
Country: Dominican Republic
Years Served as President: August 16, 1986 – August 16, 1996; 1960 – 1962; and 1966 – 1978 (total of 24 years)
Political Party: Social Christian Reformist Party


Shimon Peres (August 2, 1923 – September 28, 2016)
Oldest Age While Serving: 90 years, 11 months, 22 days
Country: Israel
Years Served as President: July 15, 2007 – July 24, 2014 (7 years, 9 days)
Political Party: Labor followed by Kadima


Beji Caid Essebsi (November 29, 1926 – July 25, 2019)
Oldest Age While Serving: 92 years, 7 months, 26 days
Country: Tunisia
Years Served as President: December 31, 2014 – July 25, 2019 (4 years, 6 months, 25 days)
Political Party: Nidaa Tounes


Hastings Banda (c.1896 or 1898 – November 25, 1997)
Oldest Age While Serving: c.96 years or 98 years old
Country: Malawi
Years Served as President: July 6, 1966 – May 24, 1994 (27 years, 10 months, 18 days)
Political Party: Malawi Congress Party

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.oldest.org/politics/presidents/&ved=2ahUKEwj89enH68n5AhWC_qQKHchCBpAQFnoECAsQAQ&usg=AOvVaw1hXoiobQ6WbyQiatqbR0H5

Throwback:
Payback time.

Will Obi the ethnic bigot attend this that is not in Anambra?

A local thinker who never thought he would one day seek for national office, so he put on the garb of an ethnic champion.

Even his opinion about APGA is what has kept that party restricted in growth.

michelz:
I think this thread deserves front page.
Where are the mods?

iSense247:
No to Druggie-Terrorist ticket