Revealed! How newly nominated EFCC boss, Bawa, sold off confiscated loot to cronies in 2019

Revealed! How newly nominated EFCC boss, Bawa, sold off confiscated loot to cronies in 2019

Abdulrasheed Bawa, the chairman-designate of the Economic and Financial Crimes Commission (EFCC) was arrested and detained by the anti-graft agenc

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President Muhammadu Buhari had on Tuesday asked the Senate to confirm Bawa as the substantive Chairman of the EFCC.

According to Peoples Gazette, Bawa’s handling of dozens of petrol-bearing trucks that were confiscated from suspected looters deprived the country of at least N4.88 billion in potential loot recovery.

The new EFCC chairman who was then in charge of the Port Harcourt zonal office abruptly auctioned the trucks in 2019 to his proxies at “ridiculous prices”.

“If you take a conservative approach and multiply the trucks by N20 million each, even though some were far above that price, you will arrive at N4.88 billion for the 244 trucks he sold out. So Bawa is being compensated for ensuring that nearly N5 billion did not go into the public treasury,” the online medium quoted a senior EFCC official as saying.

While some of the 244 trucks have been declared as proceeds of corruption by the Federal High Court, the online medium learnt that forfeiture proceedings on most of them had yet to be concluded before Bawa sold them off.

Angered by the move, Ola Olukoyede, then EFCC secretary, confronted Bawa about the whereabouts of petrol tankers that were under forfeiture by the Port Harcourt zonal office in late 2019.

Olukoyede had received complaints that the deputy chief detective superintendent was tampering with seized assets that were still undergoing forfeiture proceedings in court.

“It is illegal to take possession of a citizen’s assets without a due process, which involves getting a federal judge to declare such assets as proceeds of public loot. He was asked to explain what happened to over 240 trucks that the zonal office was trying to secure their forfeitures, But he was unable to explain,” a source said.

The source said Bawa initially told Olukoyede that he got the directives to sell the trucks from the then acting Chairman, Ibrahim Magu, but he declined to write that claim in his statement.

“It turned out that he was just dropping names, or he was trying to protect Magu. He refused to write it in his statement that it was Magu who sent him,” a source said.

The source said Olukoyede immediately called Magu, who was away on an official trip at the time, with details of what transpired in Port Harcourt. After concluding his findings, Olukoyede returned to Abuja, expecting Magu to take action upon his return from the trip.

When Magu returned, it was learnt he made an urgent trip to Port Harcourt, and Bawa was removed as the zonal head the next day.

“He was ordered to be detained in Port Harcourt for several days. He was then asked to report at the training school in Abuja, which we thought would be the end of his career,” another source familiar with the matter said.

As a member of the elite ‘Course 1’, EFCC’s first set of cadets now mostly at grade-level 13, Bawa has flaunted his association with Magu, and once acclaimed himself ‘anointed leader’ of the so-called ‘Magu Boys’.

Magu led the EFCC from November 2015 until his disgraceful ouster on July 7, 2020. He was accused of grossly enriching himself while arresting and prosecuting other Nigerians for graft.