Adeosun backtracks on ‘query’ to Magu


Abuja—Finance Minister, Kemi Adeosun, has said there was no ulterior motive behind the letter she wrote to Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission, EFCC. Adeosun Adeosun In a letter dated February 9, Adeosun asked Magu to provide more information on recovered loot, noting that there were conflicting figures on recovered funds.

“This is to notify you of the records of cash asset recoveries in the custody of the Economic and Financial Crimes Commission (EFCC) from May 2015 till date based on information available to the office of the Accountant General of the Federation (attached). It has, however, come to the notice of the ministry of finance, the use of recovery figures in media reports by the EFCC that do not reconcile with the records of the ministry.

You are, therefore, kindly requested to clarify where these cash recoveries have been deposited and provide accompanying evidence”, the letter read. In a statement by Oluyinka Akintunde, the minister’s media aide, Adeosun denied reports that there is a rift between her and Magu.

According to the statement: “The minister wishes to state explicitly that the letter dated 9th February 2018, was a standard letter aimed at improving controls over the recovered funds. There is no ulterior motive behind the letter as alleged in some media reports but to enable the reconciliation and harmonisation of the figures on recovered funds by the government. For the avoidance of doubt, the EFCC has subsequently provided the requested information and reconciliation is ongoing.”

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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