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Punch Newspapers Sections Published 24 May 2021 THE House of Representatives has invited ministries, departments and agencies of the Federal Government as well as top officials, the private sector and civil society organisations to explain the status of looted funds and public assets recovered in the last 18 years. The Ad Hoc Committee on Assessment and Status of All Recovered Loot, Movable and Immovable Assets from 2002 to 2020 by Agencies of Federal Government of Nigeria for Effective/Efficient Management and Utilisation is to hold an investigative hearing on Monday. Chairman of the committee, Mr Adejoro Adeogun, had last week laid an interim report by the committee. ....
Malami, Ahmed, Emefiele Appear Before Reps Over Looted Assets Probe Posted by African ExaminerFeatured, Latest News, News Across Nigeria Monday, May 24th, 2021 (AFRICAN EXAMINER) – The House of Representatives has invited ministries, departments and agencies of the Federal Government as well as top officials, the private sector and civil society organisations to explain the status of looted funds and public assets recovered in the last 18 years. The Ad Hoc Committee on Assessment and Status of All Recovered Loot, Movable and Immovable Assets from 2002 to 2020 by Agencies of Federal Government of Nigeria for Effective/Efficient Management and Utilisation is to hold an investigative hearing on Monday. ....
EFCC re-looted 222 assets recovered from Maina, others ― Witness Friday Olokor, Abuja A witness, Ngozika Ihuoma, on Thursday, told a Federal High Court in Abuja, that the Economic and Financial Crimes Commission, under its former acting Chairman, Ibrahim Magu, mismanaged 222 assets worth N1.63tn. The money was recovered by the defunct Pension Reform Taskforce Team. Ihuoma appeared as the first defence witness in the ongoing trial of the erstwhile Chairman of the disbanded PRTT, Abdulrasheed Maina. He told the court that Magu admitted before the Justice Ayo Salami Judicial Commission of Inquiry that he shared most of the properties based on a presidential directive. ....
Views: Visits 55 A witness, Ngozika Ihuoma, on Thursday, told a Federal High Court in Abuja, that the Economic and Financial Crimes Commission, EFCC, under its former acting Chairman, Ibrahim Magu, mismanaged 222 assets worth N1.63tn. Abubakar Malami, attorney-general of the federation (AGF), had accused Magu of failing to properly account for recovered loot and assets. The AGF alleged that Magu sold some of the recovered assets to his associates.
The money was recovered by the defunct Pension Reform Taskforce Team. Ihuoma appeared as the first defence witness in the ongoing trial of the erstwhile Chairman of the disbanded PRTT, Abdulrasheed Maina. ....