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SCARSSCARS SCARS - Society of Citizens Against Relationship Scams Inc. A government registered crime victims' assistance & crime prevention nonprofit organization based in Miami, Florida, U.S.A. SCARS supports the victims of scams worldwide and through its partners in more than 60 countries around the world. Incorporated in 2015, its team has 30 years of continuous experience educating and supporting scam victims. Visit www.AgainstScams.org to learn more about SCARS.™ Special Report: Nigerian EFCCEFCC Economic and Financial Crimes Commission The Economic and Financial Crimes Commission (EFCC) is a Nigerian law enforcement agency that investigates financial crimes such as advance fee fraud (419 fraud), scams, and money laundering. The EFCC was established in 2003, partially in response to pressure from the Financial Action Task Force on Money Laundering (FATF), which named Nigeria as one of 23 countries non-cooperative in the international community's efforts to fight money laundering. The agency has its head office in Abuja, Nigeria. Collapses Without Director Magu!?
Nigeria’s Economic & Financial Crimes Commission is Gutted!
After three years of amazing progress and world-class partnerships, the Acting Director of the EFCC is removed from office because of the raw power of criminals connected to the Nigerian Government.
What was a perfect template on eradicating corruption and large scale-crime in Africa, is now falling apart without Magu?
We hope that the EFCC finds it footing again quickly. We would like to continue working with their new management. Our previous relationship yielded many positive results.
According to news sources:
Suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has raised the alarm that suspects and other criminalCriminal A criminal is any person who through a decision or act engages in a crime. This can be complicated, as many people break laws unknowingly, however, in our context, it is a person who makes a decision to engage in unlawful acts or to place themselves with others who do this. A criminal always has the ability to decide not to break the law, or if they initially engage in crime to stop doing it, but instead continues. elements he prosecuted were after him.
Magu made the claim in a response addressed to the Presidential Committee On Audit Of Recovered Assets (PCARA) investigating the mismanagement and lack of transparency in managing recovered assets by the EFCC between 2015-2020.
The result? A Broken EFCC!?
He said while in office, his actions were geared towards fighting corruption to a standstill in the country, but lamented that his traducers were out to tarnish his reputation by publishing false information about him on social media platforms.
Details of a petition submitted to the investigative panel by Minister of Justice and Attorney-General of the Federation (AGF), Abubakar Malami, claimed that the lack of proper record-keeping and discrepancies in the recovery figures was a dent on the anti-corruption drive as well as raising integrity issues that can lead to loss of public confidence.
“For instance, EFCC stated 836 as the number of recovered real estate in the original returns it made to Mr. President on 07/04/2017. However, in its 1st returns to PCARA on 13/12/2017, EFCC gave the figure of 339, while in the 2nd returns to PCARA on 09/03/2018, it stated the recoveries to be 504. The 1st and 2nd returns total 843,” part of the petition written by Malami read.
Magu in his response to the panel said: “In the exercise of my official functions as acting chairman of the Commission, I have stepped on toes in ensuring that corruption is fought to a standstill in Nigeria.
“Some of the suspects under investigation and prosecution are always ganging up to fight me back, publishing false, untrue, malicious and libellous allegations against me. I have never abused the office I am occupying at the pleasure of Mr. President.
“I have never personally enriched myself whilst performing my official function. I challenge my accusers to produce any evidence of this purported personal enrichment,” Magu said.
Arguing further, he claimed that under his watch, there were no cases of mismanagement of recovered assets or funds.
“No assets were sold and the proceeds thereof converted. There has been no mismanagement of or lack of transparency in the management of recovered assets under my leadership of the Commission. There has been no diversion of proceeds from recovered assets or personal enrichment on my part. A careful investigation into what has been recovered and what has been paid into the appropriate accounts will easily confirm this.
“I unequivocally deny these allegations as same are untrue and merely calculated to tarnish my name, that of the Commission, and the giant strides this administration has recorded in the fight against corruption and recovery of the proceeds of corruption. Not a dime of the recovered funds were converted to my personal use. I challenge my accusers to produce evidence of such fraudulent conversion. All my actions are documented and follow the prescribed procedures with necessary approvals. I am innocent. I have served my country to the best of my abilities with all sense of responsibility and integrity.
“The records of achievements to the glory of God and this administration are there for all to see. I respectfully invite the panel to note the stellar and unprecedented achievements of the EFCC under my watch as the acting Chairman,” he said.
Meanwhile, the ongoing probe has entered a critical stage, with senior lawyers familiar with Magu’s handling of EFCC dealings, testifying against the embattled anti-corruption czar.
“The panel has invited people having issues with Magu. They include a former Executive Director with a first-generation bank and two Senior Advocates of Nigeria (SANs) familiar with the development,” a source told Daily Sun.
“The panel also invited an EFCC official who is under investigation over a huge amount in his account and for traveling to Lebanon to meet a suspect under an ongoing investigation. These four individuals were invited by the panel and they testified against Magu. The EFCC operative under investigation also testified against Magu. More people are expected to come after the Sallah break,” the source said.
Panel rejects Magu’s written defense as more EFCC officials, senior lawyers testify against him!
The Presidential Committee On Audit Of Recovered Assets (PCARA) investigating the mismanagement and lack of transparency in managing recovered assets by the Economic and Financial Crimes Commission (EFCC) has rejected a written defense by the suspended acting chairman of the anti-graft agency, Ibrahim Magu.
This came as the Inspector-General of Police, Mohammed Adamu, directed the recall of some officers attached to the Commission. It was learned that about 20 zonal and sectional heads were affected by the recall.
Even The Nigerian President Is Eager To Get Rid Of Him!
Buhari gives his appointed panel a45-day ultimatum!
President Muhammadu Buhari (who himself has been under investigation for fraudFraud In law, fraud is intentional deception to secure unfair or unlawful gain (money or other assets), or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements. A fraud can also be a hoax, which is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a victim.) has ordered the Justice Ayo Salami-led panel of inquiry investigating suspended acting chairman of the Economic and Financial Crimes Commission (EFCC) to submit a report of its findings within 45 days from the day it began work.
It is not certain if the numbers of days already spent by the panel, so far, would be deemed as part of the 45-day timeline as the panel has been sitting in private, barring journalists from covering its proceedings, a source said.
In what many have described as a critical stage in the ongoing investigation, Buhari has also approved the establishment of a Judicial Commission of Enquiry under the Tribunals of Inquiry Act (Cap T21, LFN, 2004) to investigate the alleged financial impropriety and mismanagement of recovered assets leveled against Magu.
Magu’s woes began over a month ago when he was confronted in front of the Wuse II office of the EFCC and compelled to appear before the panel. He was initially detained for several days before he was granted administrative bail. Since his release, he has repeatedly maintained his innocence despite mounting ‘incriminating’ evidence.
Already, key witnesses including staff of the EFCC, senior lawyers, and others have testified against him.
In our opinion that is how corrupt Nigerian officials get even with an effective crime fighter.
At this stage, the EFCC is leaderless and in conversations with several EFCC contacts, most of the programs and directions are in chaos.
However, we hope the the EFCC’s governing board establishes a new management team and continues their work.
This could not come at a worse time as global cybercrimesCybercrimes Cybercrime is a crime related to technology, computers, and the Internet. Typical cybercrime are performed by a computer against a computer, or by a hacker using software to attack computers or networks. origination from Nigeria are at an all-time high point. Now with the collapse of the EFCC as an effective law enforcement agency that was never afraid to take on the largest cybercriminals, what can we expect? The EFCC is now broken and in disarray. Will it recover, or will the more-corrupt Nigerian Police, who have been in a turf war with the EFCC for years, will now become the only option?
We will wait to see what the results of these changes are.
TAGS: SCARS, Nigeria, Nigerian Corruption, Acting Director Magu, President Muhammadu Buhari, Economic & Financial Crimes Commission, EFCC, Ibrahim Magu
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It is essential that law enforcement knows about scamsScams A Scam is a confidence trick - a crime - is an attempt to defraud a person or group after first gaining their trust through deception. Scams or confidence tricks exploit victims using their credulity, naïveté, compassion, vanity, irresponsibility, or greed and exploiting that. Researchers have defined confidence tricks as "a distinctive species of fraudulent conduct ... intending to further voluntary exchanges that are not mutually beneficial", as they "benefit con operators ('con men' - criminals) at the expense of their victims (the 'marks')". A scam is a crime even if no money was lost. & scammers, even though there is nothing (in most cases) that they can do.
Always report scams involving money lost or where you received money to:
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- Your National Police or FBIFBI FBI - Federal Bureau of Investigation The Federal Bureau of Investigation (FBI) is the domestic intelligence and security service of the United States and its principal federal law enforcement agency. Operating under the jurisdiction of the United States Department of Justice, the FBI is also a member of the U.S. Intelligence Community and reports to both the Attorney General and the Director of National Intelligence. A leading U.S. counter-terrorism, counterintelligence, and criminal investigative organization, the FBI has jurisdiction over violations of more than 200 categories of federal crimes, including financial fraud. « www.IC3.gov »
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