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 t