Suspended acting chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has been released after facing a presidential panel in Aso Rock.
Magu’s lawyer, Wahab Shittu, confirmed the release of his client by the Presidential Investigate Panel.
In a phone conversation with Vanguard, Shittu disclosed that Magu was released early in the day and is currently in his house in Abuja.
His words: “Yes, I can confirm to you that Magu has been released on bail. He is currently in his house as we speak.”
Pressed for details on Magu’s bail condition, Shittu said he will speak on that much later.
The embattled former anti-graft chairman had been facing a presidential probe panel on corruption allegations bordering:
Alleged discrepancies in the reconciliation records of the EFCC and the Federal Ministry of Finance on recovered funds.
*Declaration of N539 billion as recovered funds, instead of N504 billion earlier claimed;
*Insubordination to the Office of the AGF;
*Alleged late action on the investigation of P&ID, leading to legal dispute;
*Not respecting court order to unfreeze a N7 billion judgement in favour of a former executive director of a bank;
*Not providing enough evidence for the extradition of Diezani Alison-Madueke;
*Alleged delay in acting on two vessels seized by the Navy;
*Alleged favouring of some investigators called Magu Boys;
*Reporting some judges to their presiding officers without deferring to the AGF;
*Alleged sale of seized assets to cronies, associates and friends;
*Alleged issuance of investigative activities to some media prejudicial to some cases.
Also, previously, former DSS D-G, Lawal Daura, had levelled some allegations against Magu in December 2016. The allegations bordered on:
*Missing EFCC Files;
*Return to EFCC under Lamorde;
*Tenancy of My Official Residence;
*Expensive air travels.
*High profile/dual lifestyle;
*Mutually Beneficial Relationship with Commodore Mohammed Umar (rtd);
*Perceived reluctance to arraign Vice Marshall Adesola Amosun;
*Alleged vendetta against Stanley Lawson; and
*Work through police cronies in EFCC.
