Magu, in a letter addressed to the Justice Ayo Salami-led panel titled, ‘Re: Alleged Case of Conspiracy, Enrichment, Abuse of Public Office and Other Infractions,’ explained how some of the recovered vehicles were auctioned. The letter was in response to an earlier report by the Presidential Committee on Audit of Recovered Assets in which Magu was accused of being unable to account for the interest accrued to N550bn recovered funds as well as recovered vehicles and houses. In his response to the allegations of being unable to account for recovered vehicles, Magu stated, “On allocation of vehicles to some government agencies through special auction with presidential approval. “The commission presently has presidential approval to dispose over 450 forfeited vehicles located in Lagos and Abuja. Magu was arrested by the police on July 6, 2020 and brought before the Justice Ayo Salami-led panel which is sitting at the Presidential Villa.

Source: Punch July 22, 2020 01:18 UTC