Bala Ciroma Replaces Ibrahim Magu As New Acting Chairman Of EFCC

The FCT Commissioner of Police, Bala Ciroma has been appointed to replace the suspended Ibrahim Magu as the new Acting Chairman of the Economic and Financial Crimes Commission (EFCC).

This is a developing story……Details later.

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KanyiDaily had reported that Magu was arrested by security operatives on Monday, July 6, 2029, and whisked away to the Presidential Villa to face an investigate panel set up by President Muhammadu Buhari.

The embattled former acting chairman is being interrogated by Ayo Salami-led presidential panel over allegations of gross misconduct against him.

Magu was arrested following some allegations levelled against him by the Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN), in a memo to the President.

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The memo raised by Malami has some damning allegations against Magu, who was alleged, among other allegations, of insubordination to the AGF, ‘relooting of recovered loots’ and Sale of seized assets to cronies, associates and friends.

The EFCC Boss was also accused of corruption and money laundering based on allegations that he owns four questionable properties and that he was allegedly transferring funds abroad through a third party.

On Tuesday, July 7,2020, President Buhari suspended Magu as the EFCC acting chairman, pending the conclusion of the panel’s investigation.

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