The former boss of EFCC, Ibrahim Magu, has been cleared of money laundering
Ibrahim Magu and Prophet Emmanuel Omale of the Divine Hand of God Prophetic Ministry have been cleared of charges related to money laundering involving N573 million by Justice Halilu Yusuf of the Federal Capital Territory High Court. Ibrahim Magu was the former acting chairman of the Economic and Financial Crimes Commission (EFCC).
Remember that the Justice Isa Salami-led presidential investigation panel, which looked into Magu after he was asked to step down, claimed in its report that the Nigerian Financial Intelligence Unit, or NFIU, investigation had shown that the former EFCC boss had paid N573 million into Omale’s church’s account and that the money had been used to buy a property in Dubai, United Arab Emirates.
Omale had gone to the court to dispute the assertion.
In the decision issued today, October 5, Justice Halilu stated that the evidence before the court demonstrated that Omale’s bank had acknowledged inaccuracy in its report to the NFIU of transactions in the account of the Divine Hand of God Prophetic Ministries.
The judge also concluded that the bank maintained that its newly enhanced reporting system had incorrectly recorded the alleged N573 million as a credit entry in Divine Hand of God Prophetic Ministry’s account.
Justice Halilu noted that the bank admitted the error, which occasioned incalculable damage to the reputation of Pastor Omale, his wife and their church both within and outside the country.
The judge further awarded the sum of N540 million Naira as damages in favour of the church.