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Magu Paid Farm’s Electricity Bill From Missing N431m Security Vote – Salami Panel



The presidential panel that probed Ibrahim Magu, former acting chairman of the Economic and Financial Crimes Commission (EFCC), says he could not account for the N431 million security vote allocated to his office between 2015-2020.

In the final report submitted to President Muhammadu Buhari in November 2020, Magu was said to have used part of the money to pay for electricity bills on his personal farm located in Karshi Development Area of Nasarawa state.

The panel also said the former EFCC boss used part of the money to pay for cable television subscriptions in his private residence in the Karu area of the state.

The panel headed by Ayo Salami, former president of the court of appeal, was set up to probe the EFCC from May 2015 to May 2020 when Magu was in charge of the agency.

It was gathered that the report has now been submitted to the office of the secretary to the government of the federation, and a panel to produce the white paper will soon be set up.

When contacted, Wahab Shittu, Magu’s lawyer, to react to the report, he declined to comment, saying he wouldn’t speak on a document he has not seen.

“The details of the budget, fund releases, and expenditure with regards to the management of security/information fund by the acting-chairman of EFCC, Ibrahim Magu, show that a total sum of N830 million was appropriated as security/information fund for the office of the executive chairman of EFCC for the fiscal years 2015-2020,” the panel said.

“The sum of N431 million was released by the finance and accounts department of the EFCC as requested by the office of the executive chairman and approved by the suspended Ag. chairman of the EFCC during the period November 2015 to May 2020.

“The suspended acting chairman incurred extra-budgetary expenditure of N17 million during the 2019 fiscal year.
The amounts (N431m) released to the office of the executive chairman from November 2015-May 2020 could not be properly accounted for by the acting chairman.

“The analysis of some of the expenditures revealed that the funds were misapplied to service expenditure that had no bearing with security/information activities of the EFCC. These include payments for electricity bills for his personal farm located in Karshi Development Area, Nasarawa state.”

The panel recommended that Magu should be investigated and prosecuted for failing to account for the security votes.

In addition, the panel stated that the anti-graft agency used its staff multi-purpose cooperative society to warehouse N80 million of public funds drawn from the EFCC overhead cost allocation on the approval of Magu.

According to the report, N50 million was refunded on September 30, 2020, while the remaining N30 million was unrecovered.

The report also detailed the poor exhibit management system adopted by the EFCC and how forfeited assets scattered across the country were left to depreciate and decay.

It was earlier reported that the panel accused Magu of abandoning 14 procurement fraud cases involving N118 billion and $309 million.

In addition, he was said to have failed to remit another N48 billion loot in foreign and local currencies recovered from suspects.


Project Lead Africa Announces 2022 Leadership Excellence And Dignity Awards, Tagged “Rewarding Tenacity”



Organizers of Leadership Excellence And Dignity Awards have annouced November 13th for the 2022 maiden edition of Lead Awards. It was also revealed that the prestigious event will hold at the Dome International Conference Center, Akure, Ondo State.

Addressing a cross section of journalists over the weekend in Lagos, the Executive Director, Abiola Alaba Peters AAP, said the evening promises to be a gathering of captains of industries, government officials and prominent traditional rulers as far as Ondo State is concerned.

“It is our pleasure to announce to the general public, particularly the good people of Ondo State, that all is set for the 2022 Leadership Excellence And Dignity Awards. This announcement was necessary after several months of consultation and planning, the event will be live at the Dome International Conference Center, in Ondo State capital, Akure”

“The date is November 13th 2022, It’s going to be a cooperate night, an evening of glitz and glamour, we have put in so much into making this maiden edition a memorable one. And that is why we have also taking time to design the concept of the theme of this year ceremony, REWARDING TENACITY. We believe it’s time to celebrate the individuals and organizations who have put in their best in making our dear state what it is today”

“It’s promises to be a gathering of some of the biggest names in Ondo State, from politics, business, entertainment, among others, our traditional rulers are not going to be left out, we are also expecting guests from neighboring states. Alaba Peters concluded.

Giving further details on the event, the Media and Publicity Director, Adewoye Solomon, said although activities, such as nominations and voting has kicked off since January, the award ceremony will hold on a Sunday in the month of November 2022.

In his words, “Let me start by saying that, the process and activities for the award started in January this year, the award presentation will hold in Akure, on a Sunday, the second week of November 2022. Let me also add that, two months ago, we closed the voting process. We have about 25 categories of awards, which includes the special recognition category”.

“A total of 15 categories will be decided by general public, while the remaining 10 will be decided based on the panels’ decision. We received a good number of quality entries from across the state for this debut edition. We have our final shortlists of winners, which we are confident embody the excellence the awards stand for.”

Lastly, let me also add that, this is a strictly by Invitation event. We are introducing an electronic invites by next month. We also have some top celebrities coming in from Lagos. We will make some major announcement in the month of October, do well to follow us on all our social media pages for updates. Thank You “

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JUST IN: FG Makes U-Turn, Withdraws Order To Reopen Varsities



The Federal Government, through the National Universities Commission, Monday afternoon, withdrew its circular which ordered vice-chancellors, pro-chancellors, and governing councils to re-open federal universities.

It was reported earlier that a circular tagged NUC/ES/138/Vol.64/135 was addressed to all vice-chancellors; pro-chancellors and chairmen of governing councils of federal universities ordering them to re-open universities.

But in another circular tagged NUC/ES/138/Vol.64/136, which the Director, Finance also signed, and Account of the NUC, Sam Onazi, the commission withdrew the order.

Though it did not explain why. The letter tagged, “withdrawal of circular NUC/ES/138/Vol.64/135 dated September 23, 2022” partly read, “I have been directed to withdraw the NUC Circular Ref: NUC/ES/138/Vol.64/135, and dated September 23, 2022, on the above

“Consequently, the said circular stands withdrawn. All pro-chancellors, chairmen of governing councils, and vice-chancellors of federal universities are to please note. Further development and information would be communicated to all relevant stakeholders.

“Please accept the assurances of the Executive Secretary’s warmest regards”

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Retired Soldiers Stage Protest In Abuja Over Pay Discrepancies [PHOTOS]



Some retired soldiers on Monday in Abuja protested salary and pension gaps among the ranks of serving and retired military personnel.

The protesters were seen with mats and banners demanding that the federal government rectify the discrepancies.

One of the banners they carried, said, “Review the wide disparity in pay and pension across the ranks of servicing and retired personnel”

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