Emerging report reaching on Thursday morning, indicates that the suspended Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu’s problems worsened on Wednesday, as the Presidential Panel investigating the corruption allegations against him, shifted its focus to the properties he allegedly acquired in Dubai, the United Arab Emirates, UAE.
The suspended EFCC Head, who has been in the Police custody since his arrest on Monday, was interrogated for the third time on Wednesday.
It was also gathered that fresh allegations emerged against Magu, as the Panel continued its sitting, just as he was again detained after Wednesday’s interrogation.
Magu was accosted by Security Agents in plain clothes, in front of the old EFCC Headquarters, on Fomella Street, Wuse 2, Abuja, at noon, on Monday, and compelled to appear before the Presidential Panel.
He has been in Police custody at the Force Criminal Investigation Department, FCID, Garki, since Monday, from where he has been appearing before the Panel, to respond to questions on the allegations raised against him by the Attorney-General of the Federation, AGF, and Minister of Justice, Abubakar Malami, SAN.
It was gathered that the Justice Ayo Salami-led Panel, is interested in establishing if indeed Magu bought properties abroad, particularly in Dubai, where he was said to have travelled to several times on official and private visits.
It was further learnt that the Panel also is preoccupied with allegations that N39 billion had been diverted from the recovered loot.
Sources said that the Panel would carry out forensics on documents recovered from Magu’s house, as well as an analysis of his earnings and bank records.
A source stated: “The Panel is working to verify allegations that Magu has properties in Dubai and other parts of the world. It is also probing an allegation that funds were diverted from recovered loot.
“I do not know how far the Panel has gone in exploring these interesting angles, but real estate titles and bank records would leave a trail that cannot be hidden. The Panel planned to subject documents recovered from Magu’s residence and office to forensic analysis.”
After being questioned for eight hours on Wednesday, Magu was taken back into Police custody, where he spent Monday and Tuesday nights.