BREAKING: Buhari Suspends EFCC Secretary Olukoyede, 10 Others

Olukoyede became the Secretary to the EFCC in November 2018 following confirmation by the Senate.

Emmanuel AmudaJuly 15, 2020

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President Muhammadu Buhari, on Wednesday, July 15, has suspended the executive Secretary of the Economic and Financial Crimes Commission, EFCC, Olanipekun Olukoyede, and 10 senior officials of the agency as the probe of the shenanigans under the stewardship of disgraced Ibrahim Magu deepened.

Sources from the presidency on Tuesday night that EFCC executive Secretary Olanipekun Olukoyede was among the senior officials suspended.

According to the source, ‘they were suspended for various alleged criminal and corrupt infractions”.

The suspension of the officials was also to allow for unfettered investigation of the commission.

“All the top officials in the agency have been suspended, their offices locked, to prevent any tampering with files at the commission”, the source added.

President Buhari suspended Ibrahim Magu, the former acting chairman of the agency last week and appointed the director of operations, Mohammed Umar Abba, to hold forte.

The source said Umar Abba survived the temporary purge, as he was found not to be a part of the suspected underhand dealings in the agency.

Olukoyede became the Secretary to the EFCC in November 2018 following confirmation by the Senate.

The Ikere-Ekiti born senior lawyer was a former chief of staff to Magu. He replaced Emmanuel Aremo, whose five-year tenure expired in July 2018.

The former acting chairman of the agency is facing for the second week, grilling by the presidential panel headed by Justice Ayo Salami, over financial allegations and improprieties, including money laundering.

He is facing tough questioning over allegations that he re-looted funds recovered by the commission. And that he accepted bribes to pervert cases of graft.

He is also accused of mismanagement of recovered assets by the EFCC.

Among the issues Magu is helping the panel to resolve are wide discrepancies in figures of recovered monies published by the agency.

The panel has also asked him to react to the Nigerian Financial Intelligence Unit (NFIU) report accusing him of siphoning money from the EFCC.

NFIU report showed that a particular Bureau de Change, owned by Ahmed Ibrahim Shanono linked to the Acting Chairman based in Kaduna has more than 158 accounts and has been receiving huge sums of funds.

The report also accused Magu of laundering money through Pastor Emmanuel Omale of Hand of God Prophetic Ministry.

Omale was alleged to have bought a landed property on behalf of Magu worth N573 million in Dubai, United Arab Emirates.

“Another individual who is helping in laundering funds for the Acting Chairman and who has been referred to in several petitions is one Pastor Emmanuel Omale (Hand of God Prophetic Ministry).

“He is reported to have traveled to Dubai with Mr. Magu and his name was used in purchasing property in Dubai for Mr Magu.

“As an unknown pastor, the NFIU’s report showed huge movement of funds ranging from N573,228,040.41,’’ the report said.

Omale has denied laundering money for Magu.

Magu has also been accused of allegedly failing to give proper account of missing 332 out of the 836 recovered real estate property as of March, 2018.

Newsflash247 Nigeria