EFCC Re-looted N1.63tn Recovered From Maina, Others, Witness Tells Court

A file photo of an EFCC operative

A witness in the ongoing trial of the erstwhile Chairman of the disbanded Pension Reform Task Team, Abdulrasheed Maina, has told a Federal High Court in Abuja that the Economic and Financial Crimes Commission (EFCC) mismanaged 222 assets it recovered.

The witness, Ngozika Ihuoma, on Thursday, said the 222 assets worth N1.63tn included the money recovered by the defunct Pension Reform Taskforce Team.

Ihuoma who appeared as the first defence witness in the ongoing trial of Maina, 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.

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

The witness who claimed to be a management consultant told the court that his firm, Crincad & Cari Nigeria Limited, was contracted by the PRTT for consultancy service at the time.

According to him, one of the choice properties the PRTT recovered and handed over to the EFCC was highly undervalued from N6bn in 2011 and sold to a renowned lawyer in 2015 for just N1bn despite the property still being subject to litigation.

He insisted that the EFCC be made to give account of all the recovered assets.


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