Abubakar Malami (SAN), Attorney-General of the Federation
Abubakar Malami (SAN), Attorney-General of the Federation

Why Buhari suspended Magu – Malami

NEWS DIGEST – The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, has disclosed the rationale behind the suspension of Ibrahim Magu as the acting Chairman of the Economic and Financial Crimes Commission, EFCC.

Mr Magu has been in custody at the Force Criminal Investigation Department, FCID, since Monday when he was whisked away by the operatives of the Department of State Security Services, SSS.

The EFCC boss is being investigated by the Justice Ayo Salami-led presidential investigative panel over allegations of corruption and misconduct levelled against him.

Mr Malami, in a statement by his spokesperson, Umar Gwandu, on Friday, said the suspension is to allow for “unhindered inquiry” by the Presidential Investigation Panel under the Tribunals of Inquiry Act and other relevant laws.

“President Muhammadu Buhari has approved the immediate suspension of Ibrahim Magu as Ag. Chairman EFCC in order to allow for an unhindered inquiry by the Presidential Investigation Panel under the Tribunals of Inquiry Act and other relevant laws.

“President Muhammadu Buhari has also approved that the EFCC Director of Operations, Mohammed Umar, should take charge and oversee the activities of the Commission pending the conclusion of the ongoing investigation and further directives in that regards,” the statement read in part.

Below are the 10 major allegations against Mr Magu:

  1. Insubordination to the Office of the AGF
  2. Alleged ‘relooting of recovered loots’ and Sale of seized assets to cronies, associates and friends
  3. Alleged favouritism towards selected EFCC investigators called the ‘Magu Boys’ for ‘juicy’ assignments
  4. Alleged leakages of investigative reports that were prejudicial to some cases to some selected media
  5. Alleged discrepancies in the reconciliation records of the EFCC and the Federal Ministry of Finance on recovered funds
  6. Alleged declaration of N539b as recovered funds instead of N504b earlier claimed
  7. Not providing enough concrete evidences against some suspects including on Diezani Alison-Madueke for her extradition
  8. Reporting some judges to their presiding officers without deferring to the AGF
  9. Late action on the investigation of P&ID leading to legal disputes
  10. Not respecting court order to unfreeze a N7b judgment in favour of a former executive director of a bank.