Most of those you're arresting are involved in deals NOT up to even 10 percent of what some people very close to the Presidency are pocketing through NNPC and CBN.
Wait, what!? As the chairman of EFCC your eyes will open to the fact that you can't touch those people. Then what? You too will start looking for 'a way'. After all you're seeing "things" but you can't say "anything".
You, a policeman who was just assisted, can't compare yourself with "those people". They might be engaging in back door deals running into Billions, but they have solid businesses and if you try to expose them, they'll simply show their real business which was established even before the president came to power as evidence of credibility. So, you either continue fighting a selective war against corruption, or you simply resign. If you ever try to do like them, you will be caught and rubbished.
According to latest information from the seat of power, the presidential panel investigating the suspended chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has “seriously indicted” him of allegations of fraud.
In his first public reaction to the Magu case, President Muhammadu Buhari on Saturday said there were serious allegations of fraud against the EFCC chief, and the administration acted after a preliminary review of the accusations.
“There is no better indication that the fight is real and active than the will to investigate allegations in an open and transparent manner against those who have been charged to be custodians of this very system,” the president said.
A report from the Salami panel was said to have revealed how interest rates accruing from N550 billion recovered by the EFCC in the period under review was allegedly re-looted.
The panel’s report that covered the period of May 29, 2015, to Nov. 22, 2018, also confirmed the concerns of the public about contradictory recovery figures emanating from Magu.
“It is quite disturbing that conflicting figures are being circulated in the public space by EFCC as the amount of recovered funds,” the report was quoted as saying.
“For Foreign currency recoveries, EFCC reported a total naira equivalent of N46,038,882,509.87, while the naira equivalent of the foreign currency lodgments were N37,533,764,195.66, representing a shortfall of N8,505,118,314.21.
“These inconsistencies cast a serious doubt on the accuracy of figures submitted by the EFCC. It is the committee’s view that the EFCC cannot be said to have fully accounted for cash recoveries made by it.
“While EFCC reported total Naira recoveries of N504,154,184,744.04, the actual bank lodgments were N543,511,792,863.47. These discrepancies mean that EFCC’s actual lodgment exceeded its reported recoveries by N39,357,608,119.43.
“It must be pointed out that the discrepancy of more than thirty nine billion naira does not include interest accrued in this account since it was opened.
“It therefore cast serious doubt on the credibility of the figures and means that substantial amount of money has not been accurately accounted for.
“Failure to report on the interest on actual lodgments clearly establishes that interest element of over N550 billion has been re-looted relating to the period under review.
“This is an apparent case of manipulation of data in a very brazen and unprofessional manner and this has greatly eroded the public confidence in the anti-corruption efforts,’’ the report stated in part.
“The NFIU reports established that the Acting Chairman has been using different sources to siphon money from the EFCC, and in some cases collecting bribes from suspects."
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