Magu slams accusations of bribe-taking, challenges detractors for evidence of wrong-doing

Magu slams accusations of bribe-taking, challenges detractors for evidence of wrong-doing

The suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, on Wednesday, September 23, denied reports that he received bribes during his tenure as the anti-graft chairman.

Magu made this assertion before the Ayo Salami probe panel investigating him of corruption

He stated that anyone whoever gave him a bribe and he received it should come out “publicly to confront him before the… panel”

1st News gathered that Magu made this declaration in response to the allegations that he allowed a suspect, Hima Aboubakar, a Nigerien National to escape from justice.

Magu had on Monday opened his defence on his ‘Alleged abuse of office and mismanagement of Federal Government recovered assets and finances’.

He entered his defence with his lawyers, Wahab Shittu and Aliyu Lemu representing him on Monday and Tuesday.

Also Read: Elumelu, two other Nigerians shortlisted in Times Top 100 list

On Wednesday, he was represented by Shittu and Tosin Ojaomo.

Meanwhile, President Muhammadu Buhari is expected to present the oil-reform bill to the Senate as early as next week, after signing it several weeks ago.

1st News garnered that the bill has been deliberated upon for the past two decades; however, the laws governing the oil and gas sector have not been updated since independence.

This is due to the contentious nature of any change to oil taxes; terms; and revenue-sharing within Nigeria.

But a report by Reuters revealed that reforms and regulatory certainty became more pressing this year; as low oil prices and a shift towards renewable energy made competition for investment from oil majors tougher.

The unification of warring factions between the two main parties in the National Assembly has also given the reforms the best chance of passage in years.

Buhari officially signed the bill late last week; and his team has already been building support for it in the National Assembly.

Sources, who asked not to be named because of the sensitivity of the issue; said the assembly has already chosen teams of members who will work most closely on individual portions of the bill.

Both the Senate and the House of Representatives must approve it before Buhari can sign it into law.

Two presidential spokesmen declined to comment and the Senate had no immediate comment.

The Ministry of Petroleum Resources sent the draft; the product of months of consultation between Nigerian officials; oil and gas companies; and other industry stakeholders, to Buhari last month.

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