‘All Recovered Vehicles Were Auctioned To Presidential Villa & Ministries’ – Suspended EFCC Boss, Ibrahim Magu DROPS Bomb

According to the suspended acting Chairman of the Economic and Financial Crimes Commission, (EFCC), Ibrahim Magu, some of the vehicles recovered from looters were auctioned to the Presidential Villa and some ministries and agencies including the Ministry of Humanitarian Affairs, Disaster Management, and Social Development.

This was revealed in his letter to the Ayo Salami-led presidential panel investigating his activities. The letter was titled, “Re: Alleged Case of Conspiracy, Enrichment, Abuse of Public Office and Other Infractions.”

“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 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.”