The Presidential Panel currently investigating the former chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, is set to dispatch detectives abroad to comb banks with funds reportedly hidden by the embattled anti-graft agency.
POLITICS NIGERIA earlier reported that Magu is being investigated by an inter-agency panel consisting of representatives from different security outfits in the presidential villa. He was arrested last week Monday and is still being held in detention by the Police.
Police sources disclosed to Vanguard that a team of investigators handling the matter had been directed by the Presidency not to compromise their investigations and that some of them will soon be dispatched abroad to comb banks where it was alleged Magu stashed huge sums of money.
Magu is facing several allegations of fraud and misconduct. Below are some of the allegations;
- Alleged discrepancies in the reconciliation records of the EFCC and the Federal Ministry of Finance on recovered funds.
- Declaration of N539 billion as recovered funds, instead of N504 billion earlier claimed
- Insubordination to the Office of the AGF
- Alleged late action on the investigation of P&ID, leading to legal dispute
- Not respecting court order to unfreeze a N7 billion judgement in favour of a former executive director of a bank
- Not providing enough evidence for the extradition of Diezani Alison-Madueke Alleged delay in acting on two vessels seized by the 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
Very good in starting a fight but silence becomes the order of the day in the process. This news will soon be no more news.
I guess we start with our political leaders all if that’s the case.
Whistle blower,Malami.
We are waiting to see where Mallami’s game will end-up.We know it is corruption fighting back but Allah is above all.we rest Magu’ s case in the hand of Allah.Everybody is living witness to Mallami’s son wedding ceremony. Where are the CBN Agents then when naira & dollars are misuse.