The Presidential Investigative Committee at the Financial and Monetary Crimes Fee led via Justice Isa Ayo Salami has been granted judicial powers.
The panel will perform in keeping with Segment 1 of the Tribunals Inquiry Act (CAP T21, LFN, 2004).
President Muhammadu Buhari has authorized public sitting and a file is anticipated to be submitted in 45 days.
The suspended Appearing Chairman of the fee, Ibrahim Magu, is recently underneath probe to allegations of fraudulent actions within the fee.
The panel will now examine instances together with the only involving former Petroleum Minister, Diezani Alison-Madueke.
Additionally, the $9.6billion judgment towards Nigeria via Procedure and Business Trends (P&ID); court cases via the United Kingdom Nationwide Crime Company (NCA) in London; amongst others.
The panel can even glance into arguable actions of ministries, departments and companies.
Such movements come with alleged non-compliance with presidential and ministerial directives; non-compliance with courtroom orders; and non-compliance with procurement and monetary control regulations.
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