Justice Isa Ayo Salami-led Presidential Investigative Committee on the Financial and Monetary Crimes Fee (EFCC) has been granted judicial powers.
The panel will function consistent with Part 1 of the Tribunals Inquiry Act (CAP T21,LFN, 2004), The Nation studies.
The presidency has additionally accredited public sittings. A report is anticipated to be submitted in 45 days.
At present below probe is the suspended Appearing Chairman Ibrahim Magu.
The panel will now examine circumstances together with the one involving former Petroleum Minister, Diezani Alison-Madueke.
Additionally, the $9.6billion judgment in opposition to Nigeria by Course of and Industrial Developments (P&ID); complaints by the UK Nationwide Crime Company (NCA) in London; amongst others.
Moreover, the panel will look into controversial actions of ministries, departments and companies.
Such actions embody alleged non-compliance with presidential and ministerial directives; non-compliance with courtroom orders; and non-compliance with procurement and monetary administration legal guidelines.
Nevertheless, a former EFCC Secretary, Emmanuel Adegboyega Aremo, has appeared earlier than the panel.
Aremo acknowledged that whereas in workplace between 2013 and 2018, no asset/forfeited
property was bought.
He defined that solely a constructing was launched to the Voice of Nigeria (VON) and that hire was paid to the company.