Breaking: EFCC boss suspended


The acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu has been suspended by the Presidency following series of allegation levelled against him.

Mr Magu was whisked away to Presidential villa by armed men of the Department of State Security Services DSS, on Monday, to answer for corruption allegation against him.

The Minister for Justice and Attorney-General of the Federation, Abubakar Malami has 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.

Among others are: 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 legal dispute, not respecting court order to unfreeze a N7 billion judgment in favour of a former Executive Director of First Bank, alleged delay in acting on two vessels seized by Nigerian Navy leading to the loss of crude, alleged favouring 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 and alleged issuance of investigative activities to some media prejudicial to some cases.

The EFCC boss has been suspended pending when the Justice Ayo-Salami led investigation panel set up by President Mohammadu Buhari to probe the petition conclude their reports as Magu's interrogation continues on Tuesday.

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