Presidential panel probe assets seized by Magu

The Presidential panel investigating the suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has reportedly commenced a physical verification of all assets seized by the commission.

Checkout Magazine learnt the panel under the leadership of a former President of the Court of Appeal, Justice Ayo Salami, has visited Lagos, Abuja, Rivers State and a few other major offices of the commission.

The Punch reported that the aim of the exercise was to verify claims made by Magu regarding the seizure of assets.

An anonymous source was quoted to have said, “Members of the panel have been visiting major zonal offices of the EFCC. We have visited Abuja, Lagos, Port Harcourt and we will visit Ibadan this week.

“We visited some of the houses which Magu claimed to have seized. However, some of them which he claimed to have been seized had no markings of ‘EFCC Keep Off!’ while in some other cases, the alleged looters were still living in them.

“Some houses are also being occupied by strange persons. Magu claims to have obtained presidential approval to allocate the properties to them. Unfortunately, he has not been able to provide the letter of authorisation he purportedly got from the President.

“A lot of vehicles that were seized were also in bad shape. Some of these vehicles had some parts of their engines removed while for some others, tyres had been removed. We are compiling all the reports.”

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