Witness accuses EFCC of Re-looting Assets Recovered from Maina
A witness, Ngozika Ihuoma, on Thursday 4th March 2021 told a Federal High Court in Abuja, that the Economic and Financial Crimes Commission, under its former acting Chairman, Ibrahim Magu, mismanaged 222 assets worth N1.63tn. Ihuoma is the first defence witness in the ongoing trial of the embattled Chairman of the defunct Pension Reform Task Team, Abdulrasheed Maina.
He told the court that Magu admitted before the Justice Ayo Salami Judicial Commission of Inquiry that he shared most of the properties based on a presidential directive.
Ihuoma said, “Magu admitted before Salami that he shared and allocated most of these properties to his friends, associates and colleagues under some presidential directives, but failed to make available to the commission the evidence of that presidential directive”.
Ihuoma also disclosed the Court that he was a management consultant and his firm, Crincad & Cari Nigeria Limited, was contracted by the Pension Reform Task Team (PRTT) for consultancy service.
He further told the court that one of the choice properties the PRTT recovered and handed over to the EFCC was grossly undervalued from N6bn in 2011 and sold to a renowned lawyer in 2015 for N1bn, insisting that EFCC should be made to account for all the recovered assets.
Ihuoma said, “One of the properties in question located at No. 42 Gana Street, Maitama, was illegally acquired by a renowned lawyer while the property was still subject to litigation.”
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