The suspended Chairman of the
Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, failed to submit
the agency’s audited accounts to the National Assembly as required by law, ThisDay
reports.
It is believed he took advantage
of the non-confirmation of his appointment by the Senate to avoid
accountability.
By Section 37 of the
establishment act, Economic and Financial Crimes Commission (Establishment,
ETC) Act 2004, the commission is required to submit its report, including its
audited account to the National Assembly every year.
It states: “The Commission shall,
not later than 30th September in each year, submit to the National Assembly, a
report of its activities during the preceding year and shall include in such
report the audited accounts of the Commission.”
Despite the Senate’s refusal to
confirm his appointment in December 2016 and also in March 2017, the EFCC was
still required by law to submit its annual accounts as done by Magu’s
predecessors, Mallam Nuhu Ribadu, Mrs. Farida Waziri and Mr. Ibrahim Lamorde in
compliance with the establishment Act.
Magu on Monday arrived at the
Justice Ayo Salami-led Presidential Panel, for the continuation of
investigation of corruption allegations against him.
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