President Buhari officially suspended Ibrahim Magu, the acting chairman of the EFCC’s Economic and Financial Crimes Commission.
Magu has been suspended to allow him to face the investigation in the charges of corruption lodged against him by the Federation’s Minister of Justice and Attorney General, Abubakar Malami, according to sources.
In June, Malami wrote a letter to President Buhari requesting the sack of Magu. He accused Magu of corruption, misappropriation of funds recovered, and insubordination among other offenses.
Magu was invited Monday in front of a panel investigating the allegations. The panel was headed by the former appeal court president, Ayo Salami.
Some of the 22 allegations Magu is being investigated for include:
- 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 N540b 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 legal dispute
- Not respecting court order to unfreeze a N7billion 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
- Alleged issuance of investigative activities to some media prejudicial to some cases.