EFCC Boss, Ibrahim Magu Suspended

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President Muhammadu Buhari has suspended the acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu.

The latest development was made known in a recent report by BBC Hausa Service which quoted an unnamed presidency source.

Premium Times reports that Mr. Magu was arrested in front of the EFCC office in Abuja by security officials on Monday.

He was taken to the Presidential Villa, Abuja, where he appeared before a presidential panel investigating alleged corruption and insubordination.

The allegations of insubordination and ‘re-looting of recovered funds’ were leveled against him by the Attorney-General of the Federation, Abubakar Malami.

Earlier reports say the EFCC boss had spent the night yesterday in police custody, based on the orders of a presidential panel probing alleged infractions against him.

 The Presidential Advisory Committee Against Corruption has also described Mr. Magu as a victim of power play in the presidency.

Mr. Magu was not allowed to go back home because the panel ordered his detention.

Magu was severely interrogated for several hours by members of the panel in the presence of an EFCC counsel, Rotimi Oyedepo.

When the panel rose for the day, it decided to send Mr. Magu to Area 10 Force Criminal Investigation Department (FCID) of the police, sources said.

Ibrahim Magu has been the EFCC’s acting chairman since 2015.

Some of the 22 allegations leveled against Magu includes:

  • Alleged discrepancies in the reconciliation records of the EFCC and the Federal Ministry of Finance on recovered funds.

  • Declaration of N539billion as recovered funds instead of N504b earlier claimed.

  • Insubordination to the office of the AGF by not seeking his approval on some decisions.

  • Not providing enough evidence for the extradition of ex-Minister of Petroleum Resources, Diezani Alison-Madueke

  • Alleged late action on the investigation of Process and Industrial Development (P&ID) leading to a legal dispute

  • Not respecting court order to unfreeze a N7billion judgment in favor of a former Executive Director of First Bank

  • Alleged delay in acting on two vessels seized by the Nigerian Navy leading to the loss of crude.

  • Alleged favoring of some investigators called Magu’s Boys.

  • Reporting some judges to their presiding officers without deferring to the AGF.

  • Alleged sales of seized assets to cronies, associates and friends.

  • Alleged issuance of investigative activities to some media prejudicial to some cases.

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