The department of State Services (DSS) has arrested the Acting Chairman of the Economic and Financial Crime Commission over crimes relating to fraud and money laundering.
The EFCC boss was arrested over allegations that he owns four properties that were not dully declared by him, as well as transferring funds abroad through a third party.
The nation’s secret police in 2016 indicted Ibrahim Magu for occupying a residence rented for N40m at N20m per annum.
The accommodation was not paid by the EFCC, rather by one retired air commodore Umar Mohammed, a questionable businessman who has been arrested by the DSS.
Magu also enlisted the Federal Capital Development Authority (FCDA) to award the furnishing of the apartment to one African Energy, a company owned by the same Mohammed.
The EFCC boss was equally indicted for embarking on regular official and private trips through a private jet owned by Mohammed.
And in one of such trips, Magu flew with Mohammed alongside a Bank MD who was being investigated by the EFCC over complicity in funds allegedly stolen by immediate past petroleum minister, Deziani Alison-Madueke.
Magu has also been characterized by a high-profile lifestyle, especially for his preference for first-class air travels.
Notably, on 24th June 2016, The EFCC Chairman flew Emirate airline first-class to Saudi Arabia to perform lesser hajj at the cost of N2.9m. this is in spite of a standing Presidential directive mandating “All public Servants” to fly economy class.
The DSS also reported that Magu, who has been in an acting capacity for the past five years, has fostered a beneficial relationship with Mohammed who by his confession approaches clients for possible exploitation, favors, and associated returns.
Magu is currently undergoing interrogation at the DSS National Headquarters in Abuja.
