Ibrahim Magu, Performing Chairman of the Financial and Monetary Crimes Fee (EFCC), has been arrested by the Division of State Companies (DSS).
Sahara Reporters say he was arrested over allegations that he owns 4 properties.
He’s additionally alleged to have transferred funds overseas by way of a 3rd occasion.
In 2016, DSS accused the EFCC boss of residing in a N40m mansion paid for by one Umar Mohammed, a retired Air Commodore.
EFCC spokesman, Dele Oyewale, didn’t take calls.
The DSS report mentioned on December 2010, the Police Service Fee (PSC) discovered Magu responsible of motion prejudicial to state safety – withholding of EFCC information, sabotage, unauthorised elimination of EFCC information and acts unbecoming of a police officer, and awarded him extreme reprimand as punishment.
It famous that Magu is “at the moment occupying a residence rented for N40m at N20m every 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”.
DSS acknowledged that Magu enlisted “the Federal Capital Improvement Authority to award a contract to Africa Power, an organization owned by the identical Mohammed, to furnish the residence at the price of N43m”
In considered one of such journeys, the report added that 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 speedy previous petroleum minister, Diezani Alison-Madueke.
“Moreover, the EFCC boss has thus far maintained a high-profile life-style. That is exemplified by his choice 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 useful relationship with Mohammed who by his confession approaches purchasers for potential exploitation, favours and related returns,” the DSS report mentioned.