Institute Honours Ex-EFCC Chair Magu Over Role in P&ID Case

Institute Honours Ex-EFCC Chair Magu Over Role In P&ID Case

By Agency Report

A former Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, was on Saturday conferred with the highest honour of doctoral fellowship of the Institute for Governance and Leadership Studies in Africa (IGLSA).

The Director-General of the Institute, Dr Lanre Adebayo, said Magu’s selection for the honour was not unconnected with his role that gave Nigeria a landmark victory at the Commercial Court of England and Wales.

According to him, the EFCC under Magu’s leadership was able to stop the enforcement of an 11.5 billion dollar P&ID Limited arbitration award against Nigeria.

“The commission challenged the arbitration award against the country over a failed 2010 deal to develop a gasoline processing plant within the nation.

“At present, the Federal Government, policymakers and other critical stakeholders have hailed the triumph of Nigeria in the legal battle, bringing an end to the case between the Nigerian and the P&ID.”

Adebayo said that deserving Nigerians, including some serving governors with quality leadership styles and friends of Nigeria were also conferred with doctorates, fellowships and membership in the institute.

Adebayo said the maiden edition of the investiture of new members and fellows of the institute was a bold attempt to confront the challenges of leadership deficit in Africa.

He said it was also an attempt to a sustainable and tireless journey towards building a critical mass of leaders.

He said that corruption was a major governance challenge that had undermined development in the continent and had arrested development and undermined quality service delivery in Nigeria.

According to him, corruption is a result of leadership failure and weak governance institutions, citing the recent P&ID case which was decided in favour of Nigeria as a classical example.

Adebayo congratulated President Bola Tinubu, for the nation’s victory over the international conspiracy to defraud her of a humongous amount of money which would have threatened the Country’s economy and undermined her democratically elected government.

According to him, there was no way Nigeria’s economy would have survived the removal of 11 billion dollars, about one-third of her foreign reserves at once from the economy without dire consequences.

He congratulated Magu, who as Acting Chairman of EFCC, personally led the investigation that exposed the fraud and the elite conspiracy which facilitated it.

“We wish to especially commend him because the same elite behind the scandal attempted to destroy his brilliant career because he dared to challenge these enemies of our great Country.

“AIG Magu staked everything to ensure that our Country got justice and her damaged reputation as a corrupt Country got a reprieve.

“Indeed, a major implication of the judgment is that citizens of many of the countries, who usually describe Nigeria as corrupt, have always been active in subverting and corrupting our system to pursue their fraudulent activities without any sanction by their countries.

“Contrary to the narrative being promoted in some quarters, the EFCC under the Ibrahim Magu-led administration pursued the investigation on the matter with professionalism and high sense of patriotism.

“The conviction of many of the local actors for their role in the fraud was the major foundation needed to secure Nigeria’s victory in the United Kingdom,” he said.

In his acceptance speech, the former EFCC boss said the recognition was not just a personal achievement but a testament to the collective efforts of the dedicated individuals at EFCC and all stakeholders in the fight against corruption in Nigeria.

Magu said that fighting corruption in Nigeria was not an easy task, adding that it was a patriotic and selfless service to one’s fatherland considering the pervasiveness of corruption.

He said the fight against corruption must be pursued with vigour, saying that corruption remained the impediment to collective progress as a nation.

“The bane of corruption is the reason for the lack of adequate dividends that come with democracy.

“Eliminate corruption from the system and you are guaranteed the basic provisions that governance offers.

“I urge the government to persevere in the relentless fight against corruption, as a corruption-free nation is the bedrock for sustainable economic growth and positive development.

“Let us work hand in hand to break free from the vicious grip of corruption and pave the way for a brighter future for Nigeria,” he said.

NAN reports that the investiture was chaired by a former Vice-Chancellor, of the Uof University of Abuja, Prof. Nuhu Yaqub, who doubles as the Chairman of the Fellowship Screening Committee.

Gov. Mai Buni of Yobe was also conferred with the Doctoral Fellows award alongside Magu.

The honourees include the Director-General, Nigeria Geological Survey Agency, Abdurazaq Garba; Managing Director, Crown Takaful Insurance Ltd, Alh. Nazir Song; a Director in the office of the SGF, Aliyu Ibrahim

Others are the Director-General of Amalgamated APC Support Group, Hajiya Maryam Yunusa; Ibiam Oguejior, National Coordinator, of the Strategy Implementation Task Force for Presidential Executive Order No. 5

Also, among the honourees was a Media Consultant to the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Folu Olamiti.

NAN