Breaking News: DSS has arrested EFCC Acting Chairman Ibrahim Magu over Diversion of Recovered Loots

Department of State Services (DSS) has arrested Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC) over certain accusations made against him.

The Department of State Security, DSS has arrested the chairman of the Economic and Financial Crimes, EFCC, Ibrahim Magu for alleged corruption and money laundering.

Magu had been accused of graft by Abubakar Malami, attorney-general of the federation (AGF), few days ago.

Malami requested President Muhammadu Buhari to sack Magu over some major allegations, including the diversion of recovered loots which was meant for the Government

DSS has not issued an official statement on his arrest, Magu offence was listed in a report made by DSS back in 2016 which reports that EFCC acting chairman was living in a Luxurious Mansion worth N40 Million.

According to the Report presented by DSS,  “In December 2010, the Police Service Commission (PSC) found Magu guilty of action prejudicial to state security – withholding of EFCC files, sabotage, unauthorised removal of EFCC files and acts unbecoming of a police officer, and awarded him severe reprimand as punishment.”

“Magu is currently occupying a residence rented for N40m at N20m per annum. This accommodation was not paid [for] from the commission’s finances, but by one Umar Mohammed, air commodore retired, a questionable businessman who has subsequently been arrested by the secret service.”

“For the furnishing of the residence, Magu enlisted the Federal Capital Development Authority to award a contract to Africa Energy, a company owned by the same Mohammed, to furnish the residence at the cost of N43m. Investigations show that the acting EFCC chairman regularly embarked on official and private trips through a private jet owned by Mohammed.”

“In one of such trips, Magu flew to Maiduguri alongside Mohammed with a bank MD who was being investigated by the EFCC over complicity in funds allegedly stolen by the immediate past petroleum minister, Diezani Alison-Madueke.”

“Furthermore, the EFCC boss has so far maintained a high-profile lifestyle. This is exemplified by his preference for first-class air travels. On 24 June, 2016, he flew Emirate airlines first-class to Saudi Arabia to perform lesser hajj at the cost of N2.9m. This is in spite of Mr President’s directive to all public servants to fly economy class.”

“Magu has fostered a beneficial relationship with Mohammed who by his confession approaches clients for possible exploitation, favours and associated returns,”

.