EFCC Probe Exposé: How Magu Covered Up A Foreigner Involved In $25 Nigerian Military Equipment Fraud.

The Presidential Probe Panel, mandated to investigate the numerous allegations levelled against the embattled former acting chairman of Economic and Financial Crimes Commission, Ibrahim Magu, has amongst other shocking revelations in the ongoing probe, uncovered how Magu protected a Nigerien national involved in money laundering from arrest and prosecution.
Newsreel reliable sources, exclusively revealed that, “the panel discussed that Magu who was present and visibly shaking when the allegation was laid before the panel, was accused to have shielded the foreigner for 3 years even when the president gave a directive for the arrest and prosecution of everybody involved”.

Instead, Magu according to the allegation, “issued the Nigerien contractor an EFCC clearance letter while also protecting him from arrests”.
Newsreel reliably gathered that “the US government had investigated the contractor and discovered that he was used to launder stolen money from Nigeria to the tune of 25m dollars while the military helicopter they want to purchase as a cover up was valued at 5m dollars.
The US government had in 2017 forwarded its findings to its Nigeria counterpart which was also minuted to Magu by the Presidency”.
Magu allegedly covered up the suspects and the case, frustrating every move the FG to apprehend the suspects and recover the money”.
Confronted with overwhelming evidence, the Panel decided to ask for extension of time to enable Mr. Ibrahim Magu respond and clear himself from those allegations.
It also confirmed that Magu is given opportunity, as his right to cross examine witnesses and sometimes make clarification on submissions.
Newsreel can authoritatively confirm that the 16 Page report has no recommendation whatsoever on any matter.
It was clearly stated in the report that the panel is yet to conclude its investigations.
The foreign Nigerien military ‘contractor’ has been declared wanted by the current Acting EFCC Chairman, Mohammed Umar at the instance of the panel.



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