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Magu Fingers Presidential Villa, Ministries, Others As Buyers of Recovered Vehicles
The suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, says some of the vehicles recovered by the EFCC were auctioned to the Presidential Villa, the Ministry of Humanitarian Affairs, Disaster Management and Social Development as well as the Federal Inland Revenue Services and other agencies.
He further stated that some of these agencies had not paid for the vehicles but there was an arrangement that the money would be deducted from their financial allocation.
Magu, in a letter addressed to the Justice Ayo Salami-led panel titled, ‘Re: Alleged Case of Conspiracy, Enrichment, Abuse of Public Office and Other Infractions,’ explained how some of the recovered vehicles were auctioned.
The letter was in response to an earlier report by the Presidential Committee on Audit of Recovered Assets in which Magu was accused of being unable to account for the interest accrued to N550bn recovered funds as well as recovered vehicles and houses.
In his response to the allegations of being unable to account for recovered vehicles, Magu stated, “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.”
The suspended EFCC boss said about 450 other vehicles, which had been recovered, had yet to be sold despite receiving presidential approval to do so.
“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,” Magu stated.
He said some of the houses permanently forfeited to the Federal Government by looters had also been handed over to some government agencies like the Voice of Nigeria, North -East Development Commission and the Pension Transitional Arrangement Directorate.
The suspended EFCC boss explained that some other properties, which had been forfeited pending the outcome of court cases, were being rented by the Federal Ministry of Finance, the Nigerian Army and other agencies of government.
The letter further read, “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.
“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.”
Magu said the commission also temporarily handed over property in Lagos to the Lagos State Government for use as isolation centres for COVID-19 patients.
The suspended EFCC boss attached photographs of some of the recovered assets to the letter he addressed to the panel.
However, it was learnt that an attempt by Magu’s lawyer, Wahab Shittu, to submit the letter to the panel on Monday was rebuffed.
The panel was said to have insisted that there was no basis for the letter and informed Shittu that Magu would be summoned if there was a need for clarification.
“An attempt to submit the letter to the secretary of the panel on Monday failed. Magu’s team was informed that the panel does not entertain letters but it is purely an investigative one. If there is a need for clarification, Magu would be invited,” a source said.
The Punch
Headlines
Trump Orders Pentagon to Protect Nigerian Christians Under ISIS attack
US President, Donald Trump, has ordered the Pentagon – headquarters of the United States Department of Defense – to prioritize the protection of Christians targeted by ISIS terrorists in Nigeria.
U.S. Secretary of War, Pete Hegseth, disclosed this on Wednesday while stressing that the mission has quietly led to the killing of ISIS’ second-in-command in Nigeria.
Speaking during a cabinet meeting chaired by President Trump at the White House, Hegseth said:
“To give you a sense of how committed this president is (referring to President Trump), maybe, a year ago, he heard the call of Nigerian Christians who are being targeted and killed by ISIS in Nigeria.
“He said, Pete, I want the war department to focus on ensuring that we do whatever we can to protect those Christians”.
He further said: “Partnerships like that can take some time behind the scenes, but he never wavered on it. We got the assets there over the last month. There has not been much coverage of this”.
He added that U.S. intelligence gathered during the operation helped lead to the deaths of “hundreds” of ISIS fighters tied to attacks on Christians and threats against the U.S. homeland.
“We killed ISIS’ number two in Nigeria, who is most responsible for killing Christians and trying to target U.S. homeland.
“There’s a lot of things we do that the media pays attention to, and a lot of things that the president empowers the Department to do on behalf of the American people, that he deserves great credit for,” Hegseth concluded.
Headlines
I Can’t Be Intimidated, VeryDarkMan Tells Presidency over Alleged Tinubu Viral Audio
Controversial social media activist, Martins Vincent Otse aka VeryDarkMan (VDM), has reacted strongly to allegations surrounding the circulation of an alleged audio involving President Bola Ahmed Tinubu.
VDM spoke in a lengthy video posted on social media after comments credited to presidential spokesperson, Bayo Onanuga, accused him of disseminating a fake audio related to the President.
In the video, VDM claimed he began receiving several calls warning him not to return to Nigeria following the controversy surrounding the audio clip.
According to him, some associates advised him to remain abroad over fears that he could be arrested upon his return to the country.
Reacting to the development, VDM denied any wrongdoing and insisted that he had the constitutional right to criticise the government and comment on national issues.
He accused government officials of paying more attention to critics on social media instead of addressing pressing security challenges confronting the country.
The activist also criticised the Federal government over insecurity, kidnappings and economic hardship, arguing that Nigerians were facing difficult living conditions across the country.
VDM further alleged that some individuals were attempting to create a narrative to justify possible actions against him because of his criticism of the administration.
He maintained that he would continue speaking on issues affecting Nigerians, particularly insecurity and governance.
During the emotional video, the social commentator repeatedly questioned why government officials were allegedly more vocal about online controversies than incidents of bandit attacks and kidnappings.
He also urged Nigerians to participate actively in the 2027 general elections, insisting that citizens must make decisions based on the performance of political leaders.
The controversy followed comments attributed to Bayo Onanuga, Special Adviser to President Tinubu on Information and Strategy, who reportedly stated that VDM should “face the weight of the law” over the alleged circulation of fake audio involving the President.
As of the time of filing this report, there was no official confirmation from security agencies regarding any planned action against the activist.
Headlines
ADC Declares Atiku Abubakar Winner of Presidential Primary
By Eric Elezuo
Former Vice President Atiku Abubakar has been declared winner of the presidential primary of the African Democratic Congress (ADC).
The declaration was made at the Trascorp Hilton Hotel, where the final collation of results was made.
The former Vice President polled a total of 1, 846, 370 votes to defeat his closest rival, former Governor of Rivers State, Hon Rotimi Amaechi, who scored just over 500 thousand votes. Alhaji Muhammed Hayatu-Deen came third.






