The Presidential Committee on Audit of Recovered Assets (PCARA) currently investigating Ibrahim Magu, suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), have alleged that he used a pastor to launder funds abroad.
Magu is currently facing a series of allegations, including not being transparent in the management of recovered loots.
Currently, he is being interrogated by a panel headed by Ayo Salami, former president of the appeal court.
A report submitted by the panel noted that one Emmanuel Omale, a pastor at Hand of God Prophetic Ministry, was used by Magu to launder funds.
The PCARA probed the federal government assets recovered by the EFCC from May 2015 to May 2020.
It said Omales name was revealed during an investigation on EFCC’s activities by the Nigeria Financial Intelligence Unit (NFIU).
The report said the pastor purchased a landed property worth N573 million in Dubai, United Arab Emirates, on behalf of Magu.
“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),” the report read.
“He is reported to have travelled 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.”
Meanwhile, the presidency has released a full statement on the Suspension of Magu. Read here
source https://www.naijanews.com/2020/07/12/magu-used-a-pastor-to-purchase-a-house-in-dubai-investigative-panel/
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