The appearing chairman of the Financial and Monetary Crimes Fee (EFCC), Ibrahim Magu, was on Monday quizzed by a presidential panel for six hours on the Presidential Villa, Abuja.
Inaugurated a few week in the past, the panel consists of a former president of the Court docket of Enchantment, Justice Ayo Salami (retd.) as head, alongside about seven different members together with the Deputy Inspector-Normal of Police, Pressure Prison Investigation and Intelligence Division, Mike Ogbizi.
The panel additionally had representatives from the Workplace of the Nationwide Safety Adviser, the DSS and different associated companies.
Earlier on Monday, Magu was whisked away to the previous Banquet Corridor of the Presidential Villa, Abuja, by operatives of the Division of State Providers (DSS) who had been in mufti.
Magu’s safety particulars, it was learnt, put up resistance however cooled off when the DSS operatives revealed they had been following presidential orders.
It was learnt that 24 allegations had been levelled in opposition to Magu; most of them stemming from a report by the Legal professional-Normal of the Federation, Abubakar Malami (SAN), and a DSS report which was submitted to the Senate in 2016 and 2017.
The EFCC chief was accused of dwelling above his means, fraternising with corrupt individuals, diversion of recovered funds, insubordination and lots of others.
Regardless of being allowed to go away after about six hours, Magu is perhaps requested to step down pending the result of investigation.
A high supply instructed The PUNCH: “The standard process is that when one is going through an investigation of this nature, he can be suggested to step down.
“It is because the EFCC is the face of this authorities’s anti-corruption campaign and maintaining Magu there amid this investigation might current an ethical problem.
“I perceive that he has been suggested handy over to the subsequent most senior director however he’s being adamant.”
It’s believed that the Governor of Central Financial institution, Godwin Emefiele, and the Minister of Finance, Zainab Ahmed, would seem earlier than the panel to make stories on the funds and actual estates recovered by the EFCC to be able to reconcile them with the information being held by their respective workplaces.