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At last, Magu Speaks On Alleged N4 Billion Transfered To Vice President, Osinbajo

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Suspended Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has denied giving N4 Billion to President Yemi Osinbajo from the agency’s recovered loot.

Reacting to a purported confession to the presidential panel investigating him,  Magu denied ever making such confession.

Magu who has been detained for four days now at Force Criminal Investigating Department (FCID) told the presidential panel investigating him that he never had access to the funds so couldn’t have been able to transfer such money to Yemi Osinbajo.

“I did not tell the panel that I gave the Vice President N4 billion,” a source told The Nation, quoting Magu.

The source said that was what Magu replied when he was questioned about Osinbajo.

“Where will I get such money? Do I have access to such funds? It is part of mudslinging. Please clear this. I do not have any control of such cash, I did not order the transfer of N4 billion to the VP or to anybody.”
  Meanwhile, President Mohammadu Buahri has approved the suspension of Ibrahim Magu and approval of Mohammed Umar, the Director of Operations as his replacement .
“President Buhari has also approved that the EFCC Director of Operations, Mohammed Umar, should take charge and oversee the activities of the Commission pending the conclusion of the ongoing investigation and further directives in that regard.”
This, an excerpt from a statement released on Friday July 10 by Dr. Umar Jibrilu Gwandu, Special Assistant on Media and Public Relations, Office of the Attorney-General of the Federation and Minister of Justice said.
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