A Former Executive Director of First Bank of Nigeria Plc, Mr. Dauda Lawal has fired back at the suspended acting Chairman of theIn a letter addressed to the presidential probe panel investigating allegations of gross misconducts against the suspended acting EFCC chairman, Lawal said Magu’s statement was “laced with barefaced distortion of relevant facts”, and an attempt to mislead the panel led by Justice Ayo Salami.
He further debunked Magu’s claim that “the defendants adopted many delay tactics for almost a year…it was agreed that expeditious determination of the case will only be achieved if the defendants are charged separately…”, saying that it is ‘not correct’. 3. I crave the indulgence of Your Lordship and distinguished members of the Panel to state the correct facts hereunder, as follows:
No account operated or managed by NNPC in any Bank or financial institution was given as the source of where the sum was allegedly withdrawn. No record of or from NNPC has been shown to support the bogus allegation that the sums as alleged by Mr. Magu was withdrawn from NNPC and “moved” to Fidelity Bank Plc.
Contrary to Mr. Magu’s narrative, the EFCC’s claim in their Affidavit is that while the total sum of US$113,310,000 was conveyed “in cash” by one Martins Izuogbe to Lanre Adesanya, Executive Director, Commercial and Institutional Bank, Sterling Bank Plc., “the remaining sum of US$40,000,000 was also conveyed in cash to one Dr. Dauda Lawal, Executive Director, Public Sector, First Bank Plc.”
I deposed that I received the said sum of $25,000,000 in the ordinary course of my banking business; and both Dr. Stanley Lawson and Lanre Adesanya of Sterling Bank Plc confirmed that I transferred the Naira equivalent of the said $25,000,000 to Sterling Bank Plc., which amount was kept by Sterling Bank Plc in an account known to and under the exclusive control of Sterling Bank Plc.
As I earlier submitted, My Lord, the above claim by Mr. Magu is inconsistent with the uncontroverted evidence before the Federal High Court that I transferred the Naira equivalent of the said $25,000,000 to Sterling Bank Plc., which amount was kept by Sterling Bank Plc. in an account known to and under the exclusive control of Sterling Bank Plc.
Even if it is conceded that I paid in/transferred the equivalent of $25million on the directives of Dr. Stanley Lawson into an account in Sterling Bank Plc., that, in and of itself, is not evidence that I was privy to the purchase of the property.
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