INCREDIBLE! EFCC re-embezzled 222 asset worth N1.6 trillion – a witness said


An eye witness identified as Ngozika Ihuoma, a management consultant told the federal high court in Abuja on Thursday 4 that the Economy and Financial Crime Commission EFCC re-looted 222 ceased asset that worth N1.6 trillion


Mr. Ngozika Ihuoma testify to this as a first witness in an ongoing trial of former chairman of the disbanded pension reform taskforce team who recovered the money.


Ngozika told the court that the former EFCC chairman, Ibrahim Magu have admitted that he shared most of the ceased properties according to presidential directives before Justice Ayo Salami judicial commission of inquiry while he was in suspension



The witness added that the properties recovered by the defunct PRTT which will later handed over to the EFCC was highly undervalued from N6 billion in 2011 to N1 billion in 2015 which was sold to a renowned lawyer


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