BREAKING: Sack Magu for diversion of recovered loot – Malami tells Buhari


The Attorney-General of the Federation (AGF), Abubakar Malami (SAN), has urged President Muhammadu Buhari to sack the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu.

In a memorandum to the President on Thursday, Malami accused Magu of several offences such as “diversion of recovered loot, insubordination and misconduct”.

The Minister of Justice also claimed that most of the recovered assets by the EFCC were allegedly sold by Magu without the knowledge of anyone, adding that the EFCC boss is reckless and a liability to the anti-corruption war.

According to the minister, there were accounting gaps or discrepancies of figures concerning the recovered assets, claiming that Magu was not transparent enough in the management of recovered assets.

Malami also accused the EFCC boss of disclosing a total naira recovery of N504 billion but lodged N543 billion in the Recovery Account with the Central Bank of Nigeria (CBN).

According to THISDAY, Malami in his memo the President also included a shortlist of three candidates for consideration to replace Magu.

However, a source within the Presidency told the newspaper that ”removing Magu at this time when he has given muscle to Buhari’s anti-corruption fight would be a mistake.”

“It is painful that the EFCC boss is facing certain powerful forces who have decided to remove him in spite of his remarkable achievements.”

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