News
How Magu used Pastors to launder funds abroad
A report by the Presidential Probe Panel has shown details of how Ibrahim Magu, the suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), allegedly used a cleric to launder funds abroad.
Magu is currently being interrogated by the panel headed by retired Justice Ayo Salami over allegations of lack of transparency in managing recovered assets and mismanagement of EFCC.
A copy of the report made available to the News Agency of Nigeria, NAN, on Saturday in Abuja disclosed that the founder of the Divine Hand of God Prophetic Ministry, Abuja, Dr Emmanuel Omalewas was used by Magu to launder funds.
Omale’s name was uncovered through an investigative report on EFCC’s activities by the Nigeria Financial Intelligence Unit (NFIU) and mentioned in the final report of the Presidential Committee on Audit of Recovered Assets (PCARA).
The report added that the unknown Pastor is alleged to have bought a landed property on behalf of Magu worth N573 million in Dubai, United Arab Emirate.
Another individual who is helping in laundering funds for the Acting Chairman and who has been referred to in several petitions is one Pastor Emmanuel Omale of the Hand of God Prophetic Ministry.
“He’s reported to have travelled to Dubai with Mr Magu, and his name was used in purchasing a property in Dubai for Mr Magu.
“As an unknown pastor, the NFIU’s report showed the huge movement of funds ranging from N573,228,040.41,” the report said.
However, efforts had been intensified to reveal the real identity of the Pastor and to arraign him for prosecution if found culpable.
Magu is being held at the Police headquarters in Abuja.
He is expected to reappear before the Salami probe panel on Monday, to defend himself against several allegations.
-
News2 hours ago
Ogun schools resume third academic term today
-
Economy2 hours ago
Nigeria-Niger border reopening responsible for rice price reduction — Millers
-
News2 hours ago
Tinubu secures $600m seaport investment from MAERSK Danish company
-
News2 hours ago
Five dead as deadly tornadoes hits US states
-
Economy2 hours ago
Don’t give tax holidays based on patronage, CITN tells FG
-
News2 hours ago
Tinubu urges Samsung CEO to see Nigeria as investment destination
-
Crime43 mins ago
NDLEA busts man carrying 4,000 tramadol pills at Lagos airport
-
News34 mins ago
Four reportedly killed in Enugu community attack