The suspended acting Chairman of the Economic and Financial Crimes Commission , Ibrahim Magu , along with his lawyer , Wahab Shittu , on Thursday presented a 34 -page letter with 100 annexure to the Presidential panel investigating him .
It was learnt that Magu appeared before the Justice Ayo Salami -led panel around 1 pm and was still there as of 6 pm .
Magu is currently explaining to the panel how recovered assets were disposed of and how monies seized from looters were kept.
A top source at the EFCC said, “ Magu arrived at the Presidential Villa along with his lawyer and some aides . However, only Magu and his lawyer were allowed inside the main hall . They have been there for the last five hours .
“ Magu presented a 34 -page letter which was spiral bound with 100 annexure including pictures . We are hopeful that he will be able to convince the panel that all the allegations levelled against him are trumped up .”
It was reported on Wednesday that Magu ’ s attempt to submit the report was rejected by the panel on Monday .
had quoted a part of the letter wherein Magu stated that some of the recovered vehicles were auctioned to the Presidential Villa , the Ministry of Humanitarian Affairs, Disaster Management and Social Development, the Federal Inland Revenue Service and others .
The suspended EFCC boss stated in the letter that the agencies had not paid the funds but the Federal Government had agreed to deduct the money from their financial allocations .
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