Magu : EFCC investigating 18 senator for frauding N367.5b


The Economic and Financial Crimes
Commission (EFCC) is investigating 18
senators for alleged fraud amounting to
the tune of N367.5b.

Among the lawmakers below
investigated, seven are currently trial
while some of the cases date back to 10
years, the Nation reports.

The cases against the members of the
upper chamber are based a variety of
alleged fraud ranging from money
laundering, misappropriation,
unexecuted contracts, diversion of
public funds to campaigns, and others
to the tune of N367.5billion.

We learnt that a fact-sheet from
the anti-graft agency on Monday, July
17, indicates that 11 of the senators
under investigation are from the north
while others are from the south.

According to the fact-sheet, the cases
against the lawmakers include:
One or two senators (outside the list) are
under investigation for their alleged
involvement in the N19billion and
$86million London-Paris Club refund in
which seven governors have been

An alleged N47billion embezzlement
against a former governor now serving
in the Senate, a senator is standing trial
for alleged mismanagement of
N1.2billion ecological funds; another
allegedly diverted to other uses
N1billion meant for the repair of a
collapsed dam.

The cases also include laundering of
N40billion by a senator from the North-
East; diversion of N3billion to campaign
by a North-West senator; 149-count
charge of mismanagement of N15billion
by a senator from the north-central and
the arraignment of a north-west senator
for allegedly N52billion fraud.

There are N9billion case involving a
senator from the South-East; N2.1billion
contract fraud by a member of the
upper chamber from the south-south;
N10.2billion fraud traced to a senator
from the north-west and N2billion
diverted funds credited to a senator
from the north-central.

Two aides of a senator, who is being
probed for alleged illegal deduction of
N3.5billion from the London-Paris Club
refund have been quizzed.

Three new senators from the North-
Central, South-East and South-West
have been under investigation for some
infractions, including alleged stamp
duty collection fraud.

Confirming the cases against the
senators, an EFCC source who spoke on
condition of anonymity said while
seven of the lawmakers are on trial, 11
others will be prosecuted at the
appropriate time.

“ The case files of all these 18 senators
are already with us. Seven of them are
already on trial.

“But, certainly, 11 others will be
prosecuted at the appropriate time. It
may interest you that some agencies in a
few international jurisdictions are
interested in some of the cases against
some of these senators.

“It might also interest you that some of
these cases predated the appointment of
the present Acting Chairman of EFCC,
Mr. Ibrahim Magu. But since continuity
is a cardinal principle of the EFCC, Magu
has decided to ensure that the matters in
court are pursued to logical conclusion.
There is also no waiver for all cases
undergoing investigation," the source

The source however clarified that Magu
had no personal problem with any
senator as he inherited most of these

In a related development, it was learnt
that the senators under probe are
lobbying for the halt of either their
investigation or prosecution by the EFCC
as part of the conditions for supporting

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