BREAKING: EFCC Chairman, Magu Risks Arrest, Trial Over ‘Weighty Fraud Allegation’

President Muhammadu Buhari has sealed the fate of embattled Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, according to report.

Reliable sources close to the Presidency disclosed that Magu will not only be sacked next week but will also be likely arrested and prosecuted for corruption and abuse of office.  

This, according to source, is based on the indicting Memo which Attorney-General of the Federation (AGF) and Minister of Justice, Mr. Abubakar Malami (SAN), recently sent to President Muhammadu Buhari, in which he.

Recalls Malami in the Memo listed ‘22 weighty allegations’ against the EFCC boss and strongly recommended his sack.  

“A serving Commissioner of Police from Yobe State has already been chosen to take over from Magu,” one source said. He named incumbent Commissioner of Police for the FCT, Mr. Bala Ciroma, as the favoured candidate.

The source also disclosed that the panel probing the allegations against Magu “will submit its report next week, adding that, based on its findings so far, “it is almost certain that Magu will be arrested and prosecuted for sundry acts of corruption and abuse of office.”

Malami, in a memorandum to the president, anchored his recommendation on several grounds “raging from diversion of recovered loot to insubordination and misconduct” by Magu, according to THISDAY report.

Quoting multiple sources the newspaper had reported that Malami included a short list of three candidates for consideration to replace Magu.
But Magu is fighting back and his supporters within the Presidency say ” removing Magu at this time when he has given muscle to Buhari’s anti-corruption fight would be a mistake.”

“It is painful that the EFCC boss is facing certain powerful forces who have decided to remove him in spite of his remarkable achievements,” sources stated.

But sources said given the weight of Malami’s allegations against Magu, the president may be inclined “to set up a probe panel that will look into the veracity of the allegations and make necessary recommendations.”

One of the sources told select journalists that “I can authoritatively tell you that though Magu has survived previous plots to remove him, the AGF’s legal opinion remains the deadliest plot to get Magu out of the EFCC as AGF’s letter to the president contained 22 weighty allegations that require Buhari’s decision on whether or not to send Magu’s name to the Senate for confirmation or replace him….. This is because the office of the AGF is the supervising ministry of the EFCC and so his legal opinion cannot be treated with levity.

“For example, Malami alleged accounting gaps or discrepancies of figures concerning the recovered assets, claiming that Magu was not transparent enough in the management of recovered assets…”