Presidential investigative panel report to be submitted on Monday

 

 

THE three-man Presidential Investigative Committee set up by President Muhammadu Buhari, under the chairmanship of Vice President Yemi Osinbajo, to inquire into the Discovery of Foreign and Local Currencies by the Economic and Financial Crimes Commission (EFCC) at Osbourne Towers, Ikoyi, Lagos and the Allegations of Due Process Violations in the Award of Contracts under the Presidential Initiative on the North East (PINE) has said it will present its reports to the President on Monday, May 8, 2017.
President Muhammadu Buhari had in April 19, 2017 through the Special Adviser to the President on Media and Publicity, Mr Femi Adesina issued a statement announcing the suspension of two top most officials in the administration of President Muhammadu Buhari.
The statement reads: “President Muhammadu Buhari has ordered an investigation into the allegations of violations of law and due process made against the Secretary to the Government of the Federation (SGF), Mr David Babachir Lawal, in the award of contracts under the Presidential Initiative on the North East (PINE).
“The President has also directed the suspension of the SGF from office pending the outcome of the investigations.
“In a related development, the President has ordered a full scale investigation into the discovery of large amounts of foreign and local currencies by the Economic and Financial Crimes Commission (EFCC) in a residential apartment at Osborne Towers, Ikoyi, Lagos, over which the National Intelligence Agency (NIA) has made a claim.
“The investigation is also to enquire into the circumstances in which the NIA came into possession of the funds, how and by whose or which authority the funds were made available to the NIA, and to establish whether or not there has been a breach of the law or security procedure in obtaining custody and use of the funds.
“The President has also directed the suspension of the Director General of the NIA, Ambassador Ayo Oke, pending the outcome of the investigation.
“A three-man committee comprising the Hon. Attorney-General of the Federation and Minister of Justice, and the National Security Adviser, headed by the Vice President, is to conduct both investigations.
“The committee is to submit its report to the President within 14 days.