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Magu: Panel Widens Probe; Top EFCC, NFIU Officials To Testify

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Acting Chairman of Economic and Financial Crimes Commission (EFCC) Ibrahim Magu was on Wednesday grilled for the third day over allegations leveled against him by Attorney-General and Minister of Justice Abubakar Malami.

He was quizzed for more than 10 hours, it was learnt, after which he was returned to the custody of the Force Criminal Investigation Department (FCID) where he is being detained.

The panel has expanded the scope of the probe by inviting top officials of the EFCC and the Nigerian Financial Intelligence Unit (NFIU) to respond to questions as may be relevant to the departments they supervise.

Some of the allegations against Magu are:

  • Alleged discrepancies in the reconciliation records of the EFCC and the Federal Ministry of Finance on recovered funds
  • Declaration of N539billion as recovered funds instead of N504b earlier claimed
  • Insubordination to the Office of the AGF by not seeking his approval on some decisions
  • Not providing enough evidence for the extradition of ex-Minister of Petroleum Resources, Diezani Alison-Madueke
  • Alleged late action on the investigation of Process and Industrial Development (P&ID) leading to a legal dispute
  • Not respecting court order to unfreeze a N7billion judgment in favour of a former executive director of First Bank
  • Alleged delay in acting on two vessels seized by Nigerian Navy leading to the loss of crude
  • Alleged favouring of some investigators called Magu’s Boys
  • Reporting some judges to their presiding officers without deferring to the AGF
  • Alleged sales of seized assets to cronies, associates and friends
  • Alleged issuance of investigative activities to some media prejudicial to some cases.

Those invited by the Justice Ayo Salami-led Presidential Investigation Committee which has been conducting its sittings at the Presidential Villa Banquet Hall, are EFCC Secretary Ola Oluyede and Director of Operations, Mr. Mohammed Umar. The others are: Director of Finance and Administration, the Director of Internal Affairs, some Zonal/Sectional heads, heads of departments/units and the NFIU.

It was learnt that Chairman of the panel, Justice Salami, a former President of the Court of Appeal, assured Magu and others of fair hearing.

He was quoted as saying that the team would be open-minded and ensure justice for all.

The panel, also clarified that it had no information that Magu had been suspended from office.

Magu, it was learnt had promised to make available documents and files as may be requested. He is also believed to have told the panel that he never disobeyed the minister of Justice.

He also said he never threatened judges, especially Justice Binta Murtala-Nyako, who the AGF referred to in his memo to President Muhammadu Buhari.

Findings indicated that Magu was accorded courtesies by the panel which stated that it had no pre-determined agenda.

Justice Salami was quoted by sources as reaffirming that his panel was on fact-finding and will be open-minded.

He also said they had no bias but to ensure that justice is served to all.

According to one of the sources, being a large commission. It was the embattled EFCC chair that reiterated that he would want the panel to invite all relevant heads of departments, heads of investigating unit, zonal heads, and the NFIU to respond to specific allegations concerning their departments or units.

He said he opted to do so to demonstrate that he adopted a teamwork approach without personal gains.

Magu’s request was granted by the committee, leading to the invitation being extended to them.

Part of Magu’s response to the allegations is that he reportedly told the committee that he never disobeyed the AGF. He promised to make documents available to support his claim.

Regarding threats to judges, Magu was quoted to have said: “I have never threatened any judge. I also did not threaten Justice Binta Nyako. There was a case before her, the EFCC was uncomfortable with the treatment of the matter and raised some observations on the need to reassign the case to another judge. The Chief Judge of the Federal High Court looked at the EFCC’s complaints and exercised his discretion.”

Concerning the Process and Industrial Developments Limited (P&ID) $9.6billion judgment debt against Nigeria on the failure of a $6.6billion gas contract, Magu was said to have claimed that it was a 2010 case which preceded him in the office having been appointed EFCC Chairman in 2015.

Sources at the panel said Magu insisted that there is documentary evidence that he did not delay the investigation of P&ID. He said he promptly investigated the matter.

BIG STORY

Lagos State Government To Concession Red And Blue Line Rails For Sustainability, Loan Repayment

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The Lagos State Government has announced plans to concession the operations of the Red and Blue Line rail systems to the private sector in order to ensure their sustainability and repay loans taken for the rail projects.

This announcement was made by the Lagos State Commissioner for Transportation, Oluwaseun Osiyemi, during a recent TVC News interview, where he discussed the measures being implemented to ensure the continued viability of the state’s rail systems.

Osiyemi explained that the concessioning process would involve transferring the operations of the rail systems to private sector players for a defined period. This approach is intended to ensure the continued operation and effective management of the rail projects.

“The ultimate game is for all our rail systems we’ve done—that is, the Red Line and Blue Line—there is going to be some concessionairing with the private sector for a period of time to ensure sustainability and continuity,” he stated.

He added, “The concessioning would help pay back the loans taken for the rail projects.”

The commissioner emphasized that the concessioning strategy aims to ensure efficient operations and long-term financial sustainability, in line with the state’s vision for a world-class transportation network.

  • More Insight

Osiyemi further highlighted the substantial financial and technical challenges involved in operating rail systems, describing them as capital-intensive projects that require significant resources and specialized expertise.

To tackle these challenges and build local capacity, he noted that the Lagos State Government has enlisted foreign partners to temporarily manage the operations of the trains.

These partners are expected to not only ensure smooth operations during their tenure but also transfer critical skills to Nigerian personnel. The plan includes a structured training program lasting one to two years, after which the management of the rail systems will be fully handed over to local operators.

“What we have done is we have consulted foreign partners who, of course, would run these trains for a particular period of time and train our people—that is, transfer of skills.”

“They will train our people for one to two years, then hand over for our own management,” Osiyemi explained.

  • Things You Should Know

The Lagos State Government, under its Lagos Strategic Transport Master Plan, has set out an ambitious vision to develop a network of rail systems across the state.

Currently, only the first phases of the Red Line and Blue Line rail systems have been completed, with passenger services already in operation.

The Blue Line is a 27km electric rail line designed for sustainable operations. Its first phase, covering 13km from Lagos Marina to Mile 2, was completed in 2023 and began commercial operations in September, carrying over 2 million passengers to date.

The Red Line, spanning 37km from Agbado in Ogun State to Oyingbo in Lagos, operates on diesel. Its first phase, a 27km stretch, includes eight strategically located stations: Agbado, Iju, Agege, Ikeja, Oshodi, Mushin, Yaba, and Oyingbo.

The construction of the second phases of both the Red Line and Blue Line rail systems is being managed by the China Civil Engineering Construction Corporation (CCECC), which also oversees the operation of the trains.

Beyond the Red and Blue Lines, the state has plans for additional rail systems, including the 68km Green Line (Lekki Free Trade Zone to Marina), the 85.7km Purple Line (Redemption Camp to Ojo), the 48km Orange Line (Ikeja CBD to Agbowa), and the Yellow Line, all aimed at enhancing the state’s transportation network.

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BIG STORY

Lagos Commissioner Tokunbo Wahab Condoles With Families Of Epe Accident Victims

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Condolence Message from the Honourable Commissioner for Environment and Water Resources, Lagos State, Mr. Tokunbo Wahab.

I am deeply saddened by the tragic incident that occurred in our community, Epe, claiming the lives of two promising young adults, a dedicated tricycle driver, and leaving several other people injured. This heartbreaking accident has left our hearts heavy, as we mourn the loss of these young souls who were full of hope and dreams, and an industrious individual who worked tirelessly for his livelihood.

As a member of this community, I extend my heartfelt condolences to the families and friends affected by this terrible loss. I can only imagine the pain you must feel, and I want you to know that you are not alone in this moment of grief.

Let us honor the memories of these individuals by advocating for safety and awareness on our roads. As we move forward, may we find comfort in community and strength in one another. May their souls rest in peace, and may their families find solace and healing in the days to come.

Our thoughts and prayers are with you all.

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BIG STORY

JUST IN: Monday Okpebholo Sworn In As Edo State Governor

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Monday Okpebholo, a serving senator, has been sworn in as the governor of Edo State.

Okpebholo took his oath of office at about 1pm on Tuesday during the inauguration ceremony in Benin, the state capital.

As the candidate of the All Progressives Congress (APC), Okpebholo won the September 21 off-cycle governorship election in the state.

He polled 291,667 votes to defeat Asue Ighodalo of the Peoples Democratic Party (PDP), who came second with 247,274 votes.

Olumide Akpata, the candidate of the Labour Party (LP), came third with 22,763 votes.

Dennis Idahosa was also sworn in as the deputy governor of Edo.

Dignitaries, including Vice-President Kashim Shettima, Abdulrahman Abdulrazaq, chair of the governors’ forum; Philip Shaibu, reinstated deputy governor of Edo; and other governors from the party, were present as Okpebholo took the oath of office.

The new governor later rode in an open-top van around the stadium, acknowledging cheers from supporters.

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