Is This The End Of The Road for EFCC’s Ibrahim Magu?

With the grilling of the acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu by the Presidential panel over allegations of corruption levelled against him by the Attorney-General of the Federation and Minister of Justice Abubakar Malami (SAN). It appears as if Magu may be suspended from office.

See below for some of the allegations levelled against the anti-graft boss:

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

• Declaration of N539b recovered funds instead of N504b

• Insubordination to the Office of the AGF

• Not providing enough evidence for the extradition of Diezani Alison-Madueke

• Alleged late action on the investigation of P&ID leading to a legal dispute

• Not respecting court order to unfreeze a N7b judgment in favour of a former executive director of a bank

• Alleged delay in acting on two vessels seized by Navy

• Alleged favouring of some investigators called Magu Boys

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

• Alleged sale of seized assets to cronies, associates and friends

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

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The EFCC boss was quizzed for many hours on Monday, and appeared in front of the panel headed by Justice Isa Ayo Salami. The retired president of the Court of Appeal, giving him an opportunity to defend himself.

Magu was said to be detained around 10.15pm and was later interrogated by the Force Criminal Investigation Department (FCID).

What’s next for Ibrahim Magu

With Magu not operating from his office as the EFCC boss there is speculation that, he has been suspended as EFCC boss. Reacting to the development; a Presidency source said that ‘the arrest of Magu shows that no one is above the law’.

With the situation he has found himself, Magu may not return as EFCC chairman as Presidency is already, according to reports, looking for his replacement.

How Magu was Invited to the Villa for Questioning

Magu was invited by the Chief Superintendent of Police (CSP) from the Force Criminal Investigation Department (FCID).

On his way to the Force Headquarters, Magu pleaded with the arresting officer to allow him to honour his scheduled appointment and the arresting officer told him that the invitation by the panel was superior to his initial appointment.

Magu arrived at the Villa at exactly 1:35pm with his full escort and security detail. According to our source, Magu and his officers had spent the last two weeks gathering the appropriate documents and evidence in preparation for the defence of the allegations.

With the numerous allegations levelled against Mr Magu. Many now hope that he is truly incorruptible as we have been made to believe.

If found guilty, it would leave a massive dent on the anti-graft agency and the anti-corruption crusade of the ruling government. Time will tell if it is the end of the road for Magu or not.

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