The Presidential Panel currently investigating the suspended Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, is set to dispatch Detectives abroad, to comb Banks with funds reportedly hidden by the embattled anti-graft Agency Head.
Page 36 had earlier reported that Magu is being investigated by an inter-agency Panel consisting of representatives from different security outfits in the Presidential Villa. He was arrested last week Monday, and is still being held in detention by the Police.
Police sources disclosed that a team of Investigators handling the matter had been directed by the Presidency, not to compromise their investigations, and that some of them will soon be dispatched abroad to comb Banks where it was alleged that Magu stashed huge sums of money.
Magu is facing several allegations of fraud and misconduct.
Below are some of the allegations:
1. Alleged discrepancies in the reconciliation records of the EFCC and the Federal Ministry of Finance on recovered funds.
2. Declaration of N539 billion as recovered funds, instead of N504 billion, earlier claimed.
3. Insubordination to the Office of the AGF.
4. Alleged late action on the investigation of P&ID, leading to legal dispute.
5. Not respecting court order to unfreeze a N7 billion judgement in favour of a former Executive Director of a Bank.
6. Not providing enough evidence for the extradition of Diezani Alison-Madueke.
7. Alleged delay in acting on two vessels seized by the Navy.
8. Alleged favouring of some Investigators called “Magu’s Boys”.
9. Reporting some Judges to their Presiding Officers, without deferring to the AGF.
10. Alleged sale of seized assets to cronies, associates, and friends.
