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Returning Loot May Not Save Suspects From Prosecution – Ibrahim Magu

Farouk Mohammed
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Farouk Mohammed
ByFarouk Mohammed
Publisher
Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and...
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Published: 2016/02/21
4 Min Read
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The Chairman of the Economic and Financial Crimes Commission, Mr. Ibrahim Magu, has said the commission could still prosecute suspects even after they have returned stolen money to the treasury.

Magu had said in recent press interviews that the EFCC had recovered billions of naira, especially from its ongoing investigations into the $2.1billion arms money allegedly diverted by former NSA, Mr. Sambo Dasuki.

In his first detailed interview since his appointment in November, Magu told The Interview in its February edition, that “what matters first and foremost is for everyone involved in the arms deal scam to return the money he or she may have collected. That does not preclude such suspect from facing prosecution.”

He said this while answering a question on whether the EFCC would enter plea-bargaining with suspects or waive prosecution if stolen funds were returned.

The EFCC Chairman said the rat race for wealth among public office holders was one of the major reasons for rampant corruption in the country.

“Political offices in Nigeria are too attractive,” he said. “This encourages a rat race of sorts. Also, the judiciary, which is the last resort, has allegedly been complicit, making civil servants who have been found guilty of corruption feel confident to poke the law in the face and go scot-free.”

Magu said Nigerians should be outraged at the amount of money originally set aside for the war on Boko Haram, but “which was diverted for personal use.” He said this was just one of the many cases of looted funds being investigated by the EFCC.

“There should be a national outrage by now,” Magu said. “There is something wrong with our values. Corruption has been celebrated over the years.”

The EFCC Chairman said allegations against the commission that its anti-corruption war was politically motivated was proof that corruption was already fighting back.

Magu also spoke on his first meeting with President Muhammadu Buhari; his efforts to clean up the commission; and whether or not he might break the one-term jinx that has plagued the chairmen of the commission since its founding in 2003.

A statement by the Managing Director/Editor-In-Chief of The Interview, Mr. Azu Ishiekwene, described the edition as, “our gift to our growing community of readers beyond Valentine.”

Also in this edition, the founder of Saharareporters, a leading online news platform, Mr. Omoyele Sowore, spoke about the odysseys of the platform in its one decade of existence this month. Sowore called out former President Olusegun Obasanjo for “letting corruption ruin Nigeria,” on his watch and reflected on his encounter with, Gbenga, son of the former president.

In another interview in the edition, Reverend Sam Adeyemi, pastor of the 20,000-strong Daystar Christian Centre, said, “religion that does not change your thinking is useless,” as he fielded questions on the church, politics and leadership.

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ByFarouk Mohammed
Publisher
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Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and development. He has over a decade of experience in journalism and international media, with a strong focus on geopolitics, conflict reporting, human rights, and the global digital economy.
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