Was Magu Sitting On A Gold Mine?: Panel Probes Magu Over Alleged Ownership of Dubai Properties

Suspended EFCC Chairman, Ibrahim Magu seems to be in more trouble as his case takes a new dimension on Wednesday as the panel investigating corruption allegations against him, drifted its focus to properties he allegedly acquired in Dubai, the United Arab Emirates.

Magu has been in the police custody since he was arrested on Monday, as the interrogations continued for the third day on Wednesday. It was learnt that Magu is being investigated for allegedly buying properties abroad (Dubai) where he was said to have travelled to several times on official and private visit.

“Source said the panel would carry out forensics on documents recovered from Magu’s house as well as an analysis of his earnings and bank records. It is also probing an allegation that funds were diverted from recovered loot.”- Punch.

According to reports, a top government official said, Magu is not just the chairman but also the chief accounting officer of the EFCC, which means he has access to funds from the commission.

The Magu’s case looks like we are in for a long ride as he has also been replaced as the chairman of the EFCC, with Mohammed Umar, the new acting chairman of the EFCC.Magu looks like he was sitting on a gold mine.

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