Magu sold seized assets to associates, lawyers – Fayose

Ayodele Fayose, former governor of Ekiti State, says the suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, sold some seized assets to his associates and lawyers.


Mr Magu, removed from office earlier in the week, is still being detained on the orders of the 7-man presidential panel investigating his activities since he took over the affairs of the commission in 2015.

The Attorney General of the Federation (AGF), Abubakar Malami, is accusing him of re-looting recovered assets in the fight against corruption. He is also being accused of insubordination among others.

Mr Fayose while making his allegations said the probe of the embattled anti-graft czar must not end in a shady manner.


The former governor also said those currently defending the suspended EFCC boss are beneficiaries from seized assets sold and Nigerians are willing to know how the transactions went.

“There must be full investigation into the sales of properties seized by the EFCC under Magu. Those recovered loots that were ‘relooted’ must be ‘re-recovered’,” Fayose canvassed in a series of tweets early Saturday morning.

“The probe must not be just to achieve the sole aim of removing Magu from office. Nigerians must know beneficiaries of the seized properties and how they were sold because most of these properties were bought by associates of Magu,  including some so-called human rights lawyers.


“These human rights lawyers were his promoters and today,  they are the ones defending him because they know that if this investigation goes deeper than just looking for what Magu did wrong so as to remove him from office, their dirty secrets will be revealed for Nigerians to see.

“This investigation must not end up as their usual paddy-paddy arrangement. It should not end up as a tool just to remove Magu because removing him will not be enough, the loots already ‘relooted’ must be ‘re-recovered’ and those who ‘relooted’ the loots brought to book.

“Also those holding money and properties in trust for Magu as well as those who must have helped him to launder money must be revealed,” the former governor, who had earlier called for the placement of Magu on watchlist, added.

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