The Economic and Financial Crimes Commission (EFCC) Tuesday night denied reports that the Chairman-designate, Abdulrasheed Bawa, was arrested and detained by the agency under former Chairman, Ibrahim Magu, over illegal sale of 244 forfeited trucks.

Mr Abdulrasheed Bawa, new Chairman of Economic and Financial Crimes Commission (EFCC) has denied selling recovered assets while serving as Port Harcourt Zonal Officer of the commission.

Bawa gave the clarification, while responding to questions during his screening by the Senate on Wednesday in Abuja.

He explained that the EFCC Secretary was the only person authorised to dispose off recovered assets.

According to him, the assets in question were sold by EFCC Secretary and three directors, who travelled from the headquatres to Port Harcourt to carry out the exercise.

He also dismissed claim that he was arrested by former acting EFCC Chairman, Mr Ibrahim Magu, for undisclosed reasons, saying he had good working relationship with him.


Bawa said that he was eminently qualified to be appointed as EFCC Chairman based on his years of service and the extant laws.

He promised to work toward digitalisation of the operations of the commission.

Bawa said digitalisation would enable Nigerians to have access to information on EFCC operations.

He said the commission recorded 216 convictions on cases prosecuted in court during his stay as Port Harcourt Zonal Officer.

Bawa said the EFCC secured convictions for over 90 per cent of all cases prosecuted in court.

He said there was need to equip the EFCC Academy in line with modern day realities of fighting financial crimes.

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