Buhari seeks Senate confirmation for Magu as EFCC boss

Buhari seeks Senate confirmation for Magu as EFCC boss
July 14 16:17 2016

The Presidency has requested the Senate to
confirm Ibrahim Magu as substantive  Chairman of the Economic
and Financial Crimes Commission (EFCC).
According to a Presidential letter read at plenary on Thursday by  Senate President, Dr Bukola Saraki, the President also sought the
confirmation of Messrs Nasule Moses, Lawan
 Mamman, Galadanci Imam, and Adeleke Rafiu as
members of the commission.

Saraki said that in the letter, the Presidency requested
the senate to confirm the list of the persons at the
shortest time possible.
The Economic and Financial
Crimes Commission Act of 2004 established the
commission.
“It makes it responsible, among other things, for the
coordination and enforcement of all economic and
financial crime laws and enforcement functions
conferred on all persons or authority.
“Section 2(1) of the Act also provides that the
commission shall consist of the chairman, which shall
be the chief executive and accounting officer of the
commission.

“He should be a serving or retired member of any
government security or law enforcement agency not
below the rank of assistant commissioner of police or
its equivalent and possess not less than 15 years
cognate experience.
“Apart from the ex-officio members of the commission
provided for in section 2, the Act also provides for four
eminent Nigerians with cognate experience in any of
the following – finance, banking, law or
accounting.

“Section 2(3) further provides that
chairman and members of the commission other than
ex-officio members shall be appointed by the president
and the appointment shall be subject to confirmation of
the Senate.
“Section 3 of the Act provides that the chairman and
members of the commission other than the ex-officio
members shall hold office for a period of four years and
may be re-appointed for anther period of four years and
no more,’’ the letter stated.