FG to investigate anti-graft agencies

chika ebuzor

March 23, 2016 5:39 AM

The committee will be known as the Presidential Committee on Verification of Assets, and it will be supervised by the Minister of Justice, Mr. Abubakar Malami.

The

The committee will be known as the Presidential Committee on Verification of Assets, and it will be supervised by the Minister of Justice, Mr. Abubakar Malami.

According to Punch, this is connected to a petition written against the former boss of EFCC,Ibrahim Lamorde, accusing him of diverting over N1tr.

Reports say the committee will be broken into three sub-committees who will focus on verifying the various assets and funds recovered by the EFCC and ICPC respectively, and the third sub-committee will probe the alleged pension fraud.

A source who spoke to Punch said the committee’s terms of reference include: “To identify all parties that engaged in conspiratorial fraudulent activities at EFCC that led to financial loss to the FGN;

“To analyse petitions submitted to the EFCC against persons and organisations in billions of naira that were not investigated or investigated and compromised by the EFCC hence caused collateral economic loss to the FGN;

“To analyse all cases the EFCC took over from other agencies or investigated with other agencies, and report the actual and collateral loss to the FGN;

“To assess the EFCC’s standing procedure on seizures, forfeitures, management of seized properties, remittances etc;

“To verify all assets seized by the EFCC and/or forfeited by criminal suspects to the EFCC onshore and offshore;

“To verify all remittances by the EFCC to the FGN;

“To reconcile assets seized and/or forfeited vis-a-vis assets remitted to the FGN;

“To identify and audit all bank accounts opened by the EFCC and all bank accounts seized from criminal suspects onshore and offshore from inception to date, among others.”

In August 2015, Punch reported that Mr. George Uboh, Chief Executive Officer of Panic Alert Security Systems, wrote a petition alleging that former chairman of EFCC, Ibrahim Lamorde, fraudulently diverted N1tr.

Uboh claimed that the money was part of the proceeds from the loot recovered from a former Governor of Bayelsa State, Diepreye Alamieyeseigha and ex-Inspector-General of Police, Tafa Balogun.

See Pulse Photo Gallery below.

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chika ebuzor