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Presidency Approved Auctioning Of Forfeited Assets To FG Agencies – Magu

Suspended Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has said the forfeited assets that were auctioned to federal government agencies were approved by the Presidency.

Magu, in a letter sent to the Ayo Salami-panel investigating allegations of corruption against him  said he has not made any wrong move in auctioning the assets.

Abubakar Malami (SAN), Minister of Justice accused Magu of spending recovered assets on personal purposes, allegations the embattled anti-corruption Chief has since denied.

Magu listed the ministry of humanitarian affairs and disaster management, Federal Inland Revenue Service (FIRS) as part of agencies that benefited from recovered vehicles through special auction with presidential approval.

He revealed that about 450 forfeited vehicles, in Lagos and Abuja and yet to be sold, have presidential approval to be disposed off.

He said some of these agencies have not paid for the vehicles but that there was an arrangement that their values will be deducted from the ministries’ allocation.

“On allocation of vehicles to some government agencies through special auction with presidential approval. The beneficiary agencies are: the Ministry of Humanitarian Affairs and Disaster Management of which the valued price is to be debited from their allocation; State House, National Commission for Refugees and Displaced Persons; Federal Inland Revenue Service and National Directorate of Employment,” he said.

Suspended acting EFCC Chairman, Ibrahim Magu

“The commission presently has presidential approval to dispose over 450 forfeited vehicles located in Lagos and Abuja. The vehicles have been valued by the National Automotive Council Valuers and the Federal Ministry of Works and Housing. But no sale/disposal has been conducted yet.”

The suspended anti-graft agency’s chief said some permanently forfeited properties were allocated to agencies including the Voice of Nigeria, National Directorate of Employment (NDE) while some properties under interim forfeiture were rented out to the Nigerian Army and the federal ministry of finance.

“Real properties finally forfeited to the Federal Government of Nigeria and allocated to some agencies for official use in line with the Presidential approval are: Voice of Nigeria, National Directorate of Employment, Ministry of Humanitarian Affairs and Disaster Management, North East Development Commission and Pension Transitional Arrangement Directorate,” he said.

“Properties under interim forfeiture order are rented by the following government agencies: Nigerian Army, Federal Ministry of Finance, Fiscal Responsibility Commission, Nigerians in Diaspora Commission and Federal Airports Authority of Nigeria.

“Other agencies of government that have approached the commission to rent properties under interim forfeiture order include: National Human Rights Commission and National Council for Arts and culture.”

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