Our Reporter

As earlier reported by ALSC, the acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu was arrested a few minutes ago by operatives of Nigeria’s Department of State Security, DSS.

We are now with reasons why he was arrested, according a security insider who didn’t want to be mentioned for obvious reasons.

Our source said there are many petitions written by concerned citizens to President Muhammadu Buhari with allegations that Magu has been diverting proceeds of corruption recovered by the commission to himself and some cronies including houses, money and choice land, among others.

“The acting EFCC Chairman has been making claims that the commission recovered billion of money but he can’t account for the monies because most of it have been diverted into private coffers belonging to him and his cronies,” the source said.

Other allegations against him, according to the source include, acquisition of four choice properties, laundering of billion of Naira abroad through third parties and living in a N40m mansion paid for by one Umar Mohammed, a retired air commodore who is allegedly involved in shady deals, among other serious allegations..

It would be recalled that the 8th Senate, under the leadership of Senator Bukola Saraki declined to confirm Magu as substantive EFCC chairman based on recommendations from the DSS which said Magu was corrupt and have acted in manners that were prejudicial to national security.

Also in 2016, the Police Service Commission (PSC) found Magu guilty of among other things, “withholding of EFCC files, sabotage, unauthorised removal of EFCC files and acts unbecoming of a police officer,” and therefore recommend severe reprimand as punishment but President Muhammadu Buhari still kept him as acting EFCC chairman until his arrest this afternoon.

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