Connect with us

News

Former Executive Director of First Bank testifies against Magu

Published

on

A former Executive Director with First Bank of Nigeria Plc, Dauda Lawal, appeared before the Justice Ayo Salami-led presidential panel on Saturday to give evidence against the suspended Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu.

Lawal is currently standing trial before a Federal High Court in Lagos for allegedly receiving $25m out of the $153m loot traced to a former Minister of Petroleum Resources, Diezani Alison-Madueke.

A source close to the panel said the former banker was invited as part of a probe into the investigative deficiencies of the EFCC under Magu.

He said Lawal was asked to testify without prejudice to his ongoing corruption trial.

It was learnt that while the former banker was giving his testimony, Magu walked into the venue at the Banquet Hall of the Presidential Villa around 12pm, three hours before he was scheduled to appear.

A top source said, “Lawal appeared before the panel to clarify some allegations he had made in the past against the EFCC some of which had been reported to the Office of the Attorney-General of the Federation. This was without prejudice to his ongoing corruption trial.

“However, Magu strolled in around 12pm even though he was expected to arrive at 3pm. The panel members were initially reluctant to let Magu witness the hearing but he pleaded and was permitted to do so.”

Lawal, however, repeated the allegations he made against the EFCC in a counter-affidavit he filed before Justice Muslim Hassan of a Federal High Court in 2017.

The EFCC had frozen Lawal’s accounts and applied for the permanent forfeiture of his funds which the ex-banker challenged.

In a counter-affidavit he deposed to which formed the basis for his invitation by the panel, Lawal said the EFCC detained him for 11 days in 2016 and promised to release him only on the condition that he return some funds.

On how he received the $25m, Lawal said he received a call from a friend, Stanley Lawson, March 2015 to help collect the money, which he subsequently paid into an account provided for him.

“I had no idea of the origin of the said funds and only acted in the course of normal banking business,” he said.

The former banker said the EFCC allegedly compelled him to provide funds he never received.

Lawal said in the affidavit, “Having been invited and subsequently detained in Lagos for 11 consecutive days and without access to members of my immediate family, the EFCC investigators kept suggesting and insisting that there was a shortfall of $40m, which I had yet to account for.

They were alleging that I had in fact taken $65m as opposed to the $25m, which I stated that I had received. The EFCC investigators interrogating me made it clear that the only way that I could/would leave detention is if I made their suggested shortfall available to them.

“Because I never had this EFCC invented $40m to give, I had to use my personal connections to source for and raise about 50 per cent of the said amount while I was in detention. I managed to borrow some of the money from the bank where I am an executive director and surrendered it to the EFCC through my legal counsel and was eventually released from detention on May 20, 2016.
“Consequently, in a three-week period between May 13 and June 6, 2016, I was made to surrender to the EFCC Recovery Account at the Central Bank of Nigeria the total sum of N9.08bn.

We’ll no longer condone allegations – Magu’s lawyer

Meanwhile, Magu’s lawyer, Mr. Wahab Shittu, says his client will no longer condone allegations levelled against him.

Shittu said this in a statement on Sunday titled, ‘Re: Magu faces questions over assets declaration – Fresh Propaganda Against Our Client Prejudicial to Panel Proceedings’.

The statement was in reaction to media reports that Magu was facing fresh investigation for failing to declare his assets before the Code of Conduct Bureau as required by law.

The lawyer said they were shocked by several false and defamatory imputations not arising from the proceedings of the panel.

He said, “Take notice that our client can no longer fold his hands in the face of these sustained malicious attacks to prejudge him in the public space. Our client will henceforth, point by point reply to all false allegations orchestrated against him in the public space on a daily basis as well as present his comprehensive defence for the world to see.”

It’s absurd for person on trial to testify against Magu – Ex-EFCC boss lawyer

When contacted on the telephone, a lawyer to Magu, Mr. Tosin Ojaomo, said it was immoral and absurd for Lawal who is standing trial, to give evidence before a panel against Magu.

Ojaomo said, “It is absurd that Dauda Lawal who is standing trial and has returned money believed to be proceeds of crime is being used as a witness. This is against the principle of natural justice. This is what we have been complaining about.”

Continue Reading
Click to comment

Leave a Reply

News

FG announces zamfara a restricted air space

Published

on

FG announces Zamfara a restricted air space, orders huge military deployment.

The Nigerian government has forced a restricted air space in Zamfara as a feature of endeavors to handle the security challenges in the state.

As indicated by The Cable, the National Security Adviser (NSA), Babagana Monguno uncovered on Tuesday, March 2, that President Muhammadu Buhari has restricted mining exercises in Zamfara to stop the rising instability.

He said the president had requested the service of protection to convey a huge military and insight resources for reestablish routineness in the state. The Nation detailed that they requested the military to recover all regions heavily influenced by desperados, radicals.

Monguno said:

“We can no longer avoid to lose lives while operating within the legalities. We are not going to blackmailed . The government has the responsibility to assert its will.

“Citizens can reside wherever they want to reside . Anybody who is a criminal should be brought to book.”

The security adviser stated that the president also warned against ethnic profiling.Zamfara state has recorded a few assaults by bandits.The new incident included the grabbing of many young ladies from the Government Girls Secondary School in Jangebe, Talatu-Mafara nearby government zone of the state.

Continue Reading

News

Igboho promises a protest if his accounts are not released

Published

on

Self-acclaimed political dissident, Mr. Sunday Adeyemo, otherwise called Sunday Igboho, on Tuesday, blamed the Federal Government for freezing his financial assets, following his assault on the fulani herdsmen in Oyo State.

Igboho, who addressed Vanguard, affirmed that all his financial asset have been frozen by the Federal Government since certain individuals were gathering donations.

Nonetheless, Igboho said he had no hands in the said donations, cautioning that his records should be released to dodge protest by young people across the South-West area.

His words: “They have frozen my bank accounts because I am fighting a just course.

I know Yoruba people are behind me.“I will not relent. I must achieve my aims by putting an end to criminalities in Yorubaland.

“If they refuse to release my accounts, there will be serious protests across the South-West.

“Yes, the Yoruba are living in fear. They are afraid that the killer-herdsmen might attack them.

Continue Reading

News

IGP adamu retires

Published

on

Adamu enrolled in the Police Force on February 2, 1986.

The IGP who will turn 60 on September 17, was appointed IGP in January 2019. He has gone through two years in office.

Three Deputy Inspectors-General of Police (DIGs) and 10 Assistant Inspectors-General of Police (AIGs) are additionally due for retirement with him today.

It is accepted that there is a mission to broaden Adamu’s residency.

However, some have contended against such expansion, since it would negate the arrangements of the Police Act 2020 that fixes the retirement of cops at 60 years old or 35 years of administration.

Section 18(8) of the new Act states: “Every police officer shall, on recruitment or appointment, serve in the Nigeria Police Force for 35 years or until the age of 60 years, whichever is earlier.”

The Act provides for a tenure of four years for the Inspector General of Police.

Section 7, subsection 2 of the Act provides that: “The person to be appointed as Inspector General of Police shall be a senior police officer not below the rank of Assistant Inspector General of Police with the requisite academic qualification of not less than a first degree or its equivalent, in addition to professional or management experience.”

Continue Reading

Trending

%d bloggers like this: