Alleged Fraud: EFCC Chairman, Magu Suspended

Ibrahim Magu has been suspended as the acting chairman of the Economic and Financial Crimes Commission (EFCC).

This is coming barely 24 hours after he was arrested and detained by security operatives in Abuja.

He had appeared before a panel investigating allegations of impropriety and gross misconduct against him.

Suspensions are usually imposed on chief executives that are being investigated to forestall influence of probe.

The latest development comes after he was arrested and detained by security operatives in Abuja.

The panel began sitting three weeks ago, but was only able to compel Magu to appear before it on Monday.

Magu’s travails followed a memo by Abubakar Malami, attorney-general of the federation (AGF), in which the suspended anti-graft czar was accused of grave malfeasance.

He was alleged to have mishandled the recovered loot and was selling seized assets to associates. He was also alleged to have refused to subject himself to the supervision of the office of the attorney-general.

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