• Contact Us
  • About Us
Tuesday, August 26, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

Why Senate declined Magu’s confirmation as EFCC boss

metro by metro
December 15, 2016
in Economy
0
Senate
0
SHARES
0
VIEWS
The power tussle between members of President Muhammadu Buhari’s kitchen cabinet has been blamed for the Senate’s rejection of the confirmation of Ibrahim Magu as chairman, Economic and Financial Crimes Commission (EFCC).
 
BusinessDay reliably gathered that the security report upon which Magu was rejected, was authored by the Director General of the Department of State Services (DSS), Lawal Daura, in disregard to the National Security Adviser (NSA), Babagana Monguno, the political head of all security agencies in the country.
 
This is the first time the nomination of chairman of the anti-graft agency has been rejected since the establishment of the body in 2003.
 
Announcing the rejection at Thursday’s plenary after a closed-door meeting that lasted for over two hours, Senate President Bukola Saraki,  referred the screening of the other four nominated executive members of the Commission to the Committee on Anti-Corruption and Financial Crimes, chaired by Chukwuka Utazi, a Peoples Democratic Party (PDP) senator.
 
Those expected to appear before the panel include: Nda Moses, Lawan Mamman, Galadanci Imam and Adeleke Rafiu.
 
Confirming the development, Senate spokesperson Aliyu Sabi, told newsmen immediately after the closed-door session that Magu’s confirmation was rejected due to security report.
 
“The Senate wishes to inform the public that based on available security report, the Senate cannot proceed with the confirmation of Ibrahim Magu as Chairman of the Economic and Financial Crimes Commission.
 
“The nomination of Ibrahim Magu is hereby rejected and has been returned to the President for further action,” the lawmaker told journalists.
 
Magu became acting chairman of the Commission since November 2015 after President Buhari sacked his predecessor, Ibrahim Lamorde.
 
But it was only in July 2016 that the then Acting President, Yemi Osinbajo, sent in a letter to the Senate requesting that  Magu  be confirmed.as chairman of the anti-graft agency.
 
Unlike him, his predecessor, Lamorde was confirmed as the EFCC chair within 34 days at the Senate. Goodluck Jonathan nominated him on January 12, 2012 and he got the confirmation of the lawmakers on February 15, same year.
 
Metrobusinessnews gathered that Magu who was at the Senate on Thursday for his screening, accompanied by his aides and officials of the Commission, was allowed into the chamber midway into the closed-door session but followed through the back door.

Read Also

Dollar, Longer-dated Treasuries, Others Slide As Trump Escalates Attack On Fed, Russia-Ukrainan Supply Concerns

Mixed Reactions Trail FG’s Medium-Term Debt Strategy, Analysts List Path To Sustainable Development

Hope Rises For Nigeria’s Currency As Dollar Drops On Powell’s Points To Possible September Rate Cut

Tags: Senate
Previous Post

Senate rejects Magu as EFCC Chairman

Next Post

Incoming U.N. chief appoints Nigeria’s Amina Mohammed as deputy

Related Posts

Trump
Economy

Dollar, Longer-dated Treasuries, Others Slide As Trump Escalates Attack On Fed, Russia-Ukrainan Supply Concerns

August 26, 2025
FG To Start Paying Debt Service As Nigerian Economy Grows By 2.99% In Q1 2024-Edun
Economy

Mixed Reactions Trail FG’s Medium-Term Debt Strategy, Analysts List Path To Sustainable Development

August 25, 2025
Nigeria’s Banking Recapitalization: A ‘Too Big To Fail’ Scenario In The Making?”
Economy

Hope Rises For Nigeria’s Currency As Dollar Drops On Powell’s Points To Possible September Rate Cut

August 22, 2025
Uneasy Calm In Banking Industry Over FG Special Investigator’s Report
Economy

Commendations As CBN Plans Prosecution Of FX Deal Violators After Audit

August 7, 2025
Next Post

Incoming U.N. chief appoints Nigeria's Amina Mohammed as deputy

NUPRC Extends 2024 Licencing Registration Bid Round By 10 Days

NUPRC: Nigeria’s Crude oil Output Rises 10% To 1.71m Bpd In July, Yet To Meet 2025 Budget’s 2.06m Target

August 26, 2025
Falana Says Proposed Pay Rise For Politicians Insensitive, Ohanaeze Warns Of Public Backlash

Falana Says Proposed Pay Rise For Politicians Insensitive, Ohanaeze Warns Of Public Backlash

August 26, 2025

Choosing a broker? Here are the 5 signs of a reliable platform

August 26, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version