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Appearing Chairman of the Financial and Monetary Crimes Fee, Ibrahim Magu, has been arrested by the Division of State Companies.
He was arrested over allegations that he owns 4 properties and that he was allegedly transferring funds overseas by a 3rd occasion.
He was arrested on the Wuse II workplace of the DSS on Monday afternoon and is now present process interrogation on the DSS Headquarters In Aso Drive.
The DSS in a 2016 report revealed that accused of dwelling in a N40m mansion paid for by one Umar Mohammed, a retired air commodore who’s allegedly concerned in shady offers.
“In December 2010, the Police Service Fee (PSC) discovered Magu responsible of motion prejudicial to state safety – withholding of EFCC recordsdata, sabotage, unauthorised removing of EFCC recordsdata and acts unbecoming of a police officer, and awarded him extreme reprimand as punishment.
“Magu is presently occupying a residence rented for N40m at N20m each year. This lodging was not paid [for] from the fee’s funds, however by one Umar Mohammed, air commodore retired, a questionable businessman who has subsequently been arrested by the key service.
“For the furnishing of the residence, Magu enlisted the Federal Capital Growth Authority to award a contract to Africa Vitality, an organization owned by the identical Mohammed, to furnish the residence at the price of N43m.
“Investigations present that the appearing EFCC chairman recurrently launched into official and personal journeys by a personal jet owned by Mohammed.
“In one in every of such journeys, Magu flew to Maiduguri alongside Mohammed with a financial institution MD who was being investigated by the EFCC over complicity in funds allegedly stolen by the instant previous petroleum minister, Diezani Alison-Madueke.
“Moreover, the EFCC boss has thus far maintained a high-profile life-style. That is exemplified by his desire for first-class air travels. On 24 June, 2016, he flew Emirate airways first-class to Saudi Arabia to carry out lesser hajj at the price of N2.9m. That is despite Mr President’s directive to all public servants to fly financial system class.
“Magu has fostered a helpful relationship with Mohammed who by his confession approaches shoppers for doable exploitation, favours and related returns,” the DSS report stated.
Magu is but to be confirmed because the substantive chairman of the EFCC regardless of occupying the place in appearing capability for a few years