Magu released after 10 days in detention

The suspended acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has been released from police custody after 10 days in detention.

Magu released after 10 days in detention


The embattled anti-corruption agency boss was was arrested on July 6, 2020 over corruption charges and brought before the Justice Ayo Salami-led Presidential panel.

Magu was accused of being unable to account for the interest accrued to recovered funds of about N550billion. He was at the same accused of insubordination and purchase of property in Dubai, the United Arab Emirates.

Magu was also accused of not being transparent in managing assets recovered by the commission.

According to a report of PCARA, a panel which probed the federal government assets recovered by the EFCC from May 2015 to May 2020, one Emmanuel Omale, a pastor at Hand of God Prophetic Ministry was said to have been used by Magu to launder funds.

Omale’s name was reportedly uncovered during an investigation on EFCC’s activities by the Nigeria Financial Intelligence Unit (NFIU).

According to The Cable, the cleric bought a landed property worth N573 million in Dubai, United Arab Emirates, on behalf of Magu.

“Another individual who is helping in laundering funds for the Acting Chairman and who has been referred to in several petitions is one Pastor Emmanuel Omale (Hand of God Prophetic Ministry),” the report read.

“He is reported to have travelled to Dubai with Mr Magu and his name was used in purchasing property in Dubai for Mr Magu.

“As an unknown pastor, the NFIU’s report showed huge movement of funds ranging from N573,228,040.41.”

The report also covered the case of Diezani Alison-Madueke, former minister of petroleum.

PCARA accused Magu of failing to cooperate with authorities in the United Kingdom to facilitate effective prosecution of the case.

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