Magu Can’t provide EFCC’s audited accounts for four years


Suspended EFCC Chairman, Magu

In line with the suspended EFCC’s Chairman’s case, Ibrahim Magu can’t provide the agency’s audited accounts to the National Assembly as required by law, ThisDay reports.

Therefore, it is believed he took advantage of the non-confirmation of his appointment by the Senate to avoid accountability.

 However, Section 37 of the Establishment Act, Economic and Financial Crimes Commission (Establishment, ETC) Act 2004 allows the commission to send its report annually to the National Assembly including its audited record.

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It states: “The Commission shall, not later than 30th September in each year, submit to the National Assembly, a report of its activities during the preceding year and shall include in such report the audited accounts of the Commission.”

Notwithstanding the Senate ‘s refusal to approve its appointment in December 2016 and again in March 2017, the EFCC was still required by law to present its annual reports in accordance with the established rule, as did the predecessors of Magu, Mallam Nuhu Ribadu, Mrs. Farida Waziri, and Mr. Ibrahim Lamorde.

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Magu on Monday arrived at the Justice Ayo Salami-led Presidential Panel, for the continuation of the investigation of corruption allegations against him.

TrueTalk Nigeria

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