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UPDATE: EFCC Boss interrogated for Six hours, Spends Night in Police custody

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The acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, had on Monday being interrogated for six hours by a presidential panel in Abuja over alleged misappropriation of funds.

News4Naija gathered that the presidential panel inaugurated by President Muhammadu Buhari, about a week ago had earlier invited the EFCC Boss for questioning which he refused to honor.

After, all efforts to bring the acting Chairman before the panel claimed futile, the panel resolved to use men of the Department of State Security, who arrested him and take him to the old banquet hall of the Presidential Villa in Abuja, claimed a high profile source.

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Magu’s grilling was said to have emanated after a report accusing the EFCC Boss of fraternizing with corrupt persons, living above his earning and diverting recovered funds, was submitted to the Senate in 2016 and 2017 by the DSS.

It was also gathered that the Attorney-General of the Federation, Abubakar Malami (SAN), had recently submitted a report alleging Magu of misconduct, asset disposition, misappropriation of funds and properties seized from corrupt politicians, to President Buhari.

The panel led by Rtd. Justice Ayo Salami, the former President of the Court of Appeal, filled a 24 count charge against the EFCC acting Chairman, the majority of the charges were based on embezzlement and mismanagement of funds.

Magu spends Night in police custody, risks being sacked

Ibrahim Magu was reportedly held at the Force Criminal Investigation Department Headquarters, Garki, Abuja after Monday quizzing, it is expected that he would be further interrogated by the presidential panel on Tuesday.

News4Naija learned that Magu was allowed to live after six hours of quizzing and could be re-invited for further questioning; however, a high profile source told newsmen that might be relieved of his position as the acting EFCC chairman until the panel concludes its investigations.

This was said to be the customary practice when a high profile official as such is been quizzed.

The AGF in another statement pointed out that funds recovered by the EFCC were not kept with the Central Bank of Nigeria.

Hence it is most likely that the panel would be inviting the Finance Minister, Zainab Ahmed, and CBN Governor, Godwin Emefiele, for further investigations.

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