Just In: Ex-EFCC Chairman, Ibrahim Magu Released From Police Custody.

The already suspended chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has been released from police custody.

Earlier on Wednesday, the Inspector-General of Police, Mohammed Adamu, asked Magu, to direct his bail application to the presidential panel.

However, Mr Magu’s lawyer, Toyin Ojaomo has confirmed that the suspended EFCC boss is no longer in confinement.

Magu was arrested on July 6, 2020 amid allegations of corruption and brought before the Justice Ayo Salami-led Presidential panel.

The suspended EFCC boss was accused of being unable to account for the interest accrued to recovered funds of about N550bn.

He was also accused of insubordination and purchase of property in Dubai, the United Arab Emirates.

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