Money Laundering: EFCC chief, Magu, meets UAE envoy; seeks support

Acting EFCC Chairman, Ibrahim Magu

About two weeks after President Muhammadu Buhari signed an agreement with the United Arab Emirate on money laundering, the acting chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has taken steps towards deepening the pact at the local level.

On January 20, Mr. Buhari signed a bilateral agreement tagged “Mutual Legal Assistance on Criminal and Commercial Matters” with UEA authorities in Abu Dhabi, with a view to returning hidden money invested in banks and real estates in the country.

The EFCC boss on Wednesday sought the collaboration of the UAE ambassador to Nigeria, Muhammad A-Mahmud, towards the execution of the agreement.

“The fight against graft requires the collaborative support of all and sundry, most especially the international community for it to be won,” Mr. Magu said during a visit to the envoy on Wednesday.

According to the EFCC chairman, the present administration in the country is poised to recover the nation’s commonwealth looted and laundered in foreign countries by corrupt elements.

He said the commission had intelligence the UAE is considered a safe haven by corrupt, politically-exposed persons in Nigeria.

“I have come to seek your support and cooperation just as we had in the case of Diepreye Solomon Peter Alamieyeseigha, James Ibori, among others to get the mission accomplished,” Mr. Magu pleaded.

In his remark, Mr. Al- Mahmud pledged the support of his country to Nigeria’s anti-graft war saying, “no country can be an island on its own without the support of others”.

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