Witness Reveals How EFCC Re-looted 222 Assets Recovered From Maina, Others

It has been revealed that the Economic and Financial Crimes Commission re-looted 222 assets worth N1.63trilloin under its ex-chairman, .

A witness, Ngozika Ihuoma revealed this before a in Abuja on Thursday.

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 based on a presidential directive.

“Magu admitted before Salami that he shared and allocated most of these to his friends, associates and colleagues under some presidential directives, but failed to make available to the commission the evidence of that presidential directive,” he said.

The witness told the court that he was a management consultant.

He said his firm, Crincad & Cari Nigeria Limited, was contracted by the PRTT for consultancy service.

He told the court that one of the choice the PRTT recovered and handed over to the was grossly undervalued from N6bn in 2011 and sold to a renowned in 2015 for N1bn.

“One of the properties in question located at No. 42 Gana Street, Maitama, was illegally acquired by a renowned while the property was still subject to litigation,” the witness added, insisting that should be made to account for all the recovered assets.


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