Magu: What Salami Panel Discovered About Seized Assets – Report



By Adeola Atanda



A presidential panel probing seized assets by the Economic and Financial Crimes Commission, (EFCC), has made shocking discoveries, says a report.

Headed by Justice Ayo Isa Salami (retd), the panel reportedly visited the assets under forfeiture across different parts of the country. had reported the suspension of Ibrahim Magu as acting Chairman of the Economic and Financial Crimes Commission, EFCC.


Citing a source, ThePUNCH claimed members of the panel visited various Zonal Offices of the EFCC to ascertain the state of the seized houses and vehicles.

The panel allegedly discovered some of the affected houses showed no signs of seizure, while strange persons occupied others.


“…in some other cases, the alleged looters were still living in them (the seized houses).

“Some houses are also being occupied by strange persons; Magu claims to have obtained presidential approval to allocate the properties to them,” said the report. It added that the embattled Magu could not show proof of authorisation by President Muhammadu Buhari.


In addition, seized vehicles have reportedly gone bad, and some had their engines and parts stolen.


A petition by Minister of Justice Abubakar Malami to President Buhari led to the inauguration of the panel. However, the panel has continued to sit privately within the Nigerian Aso presidential villa.

The report further claimed that Magu’s lawyer, Tosin Ojaomo, did not return request for a comment on the discoveries.


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