President Muhammadu Buhari has decided to leave through weighty allegations against Magu of EFCC.
Sources even said Buhari’s axe will fall on the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibahim Magu. in a short while.
Sources disclosed that Magu will not only be sacked next week but will also be likely arrested and prosecuted for corruption and abuse of office.
It would be recall that in 2016 when the senate declined to confirm his appointment, citing a DSS report which was damnatory in complexion.
The DSS report has it that :
“Magu is currently occupying a residence rented for N40m at N20m per annum. This accommodation was not paid [for] from the commission’s finances, but by one Umar Mohammed, air commodore retired, a questionable businessman who has subsequently been arrested by the secret service.
For the furnishing of the residence, Magu enlisted the Federal Capital Development Authority to award a contract to Africa Energy, a company owned by the same Mohammed, to furnish the residence at the cost of N43m.
“Investigations show that the acting EFCC chairman regularly embarked on official and private trips through a private jet owned by Mohammed.
In one of such trips, Magu flew to Maiduguri alongside Mohammed with a bank MD who was being investigated by the EFCC over complicity in funds allegedly stolen by the immediate past petroleum minister, Diezani Alison-Madueke.
Furthermore, the EFCC boss is said to have maintained a high-profile lifestyle.
This is exemplified by his preference for first-class air travels. On 24 June, 2016, he flew Emirate airlines first-class to Saudi Arabia to perform lesser hajj at the cost of N2.9m.
This is in spite of Mr President’s directive to all public servants to fly economy class.
Magu has fostered a beneficial relationship with Mohammed who by his confession approaches clients for possible exploitation, favours and associated returns.”
However, despite the senate’s repudiation of Magu’s appointment situated on this DSS report, President Muhammadu Buhari re-nominated him. But the senate would not cave in.
The reaction to the decision of the senate at the time was that some corrupt elements in the national assembly were trying to derail the anti-corruption efforts of the president.
The last straw that breaks the Camel’s back is what happened two days ago when Abubakar Malami, minister of justice and attorney-general of the federation (AGF) asked the president to sack Magu as acting EFCC chairman.
The report said Malami asked Buhari to sack Magu over “22 weighty” allegations, including the diversion of recovered loot.
Though the news story seems to suggest Magu is a victim of witch-hunt, there are noticeable flaws of his.
bugging him down.
(1). He has shown a mitigated capacity to understand and interrogate issues. In February 2020 when a leading Nigerian online newspaper reported that the acting EFCC chairman said he is strongly convinced that corruption is the cause of COVID-19.
He said this without nuance or context, advertising a deep intellectual chasm.
(2) He has sort of revised the agency to a personality cult. The foibles and defects of Magu are no longer distinguishable from the character of this institution. As I once said, where Magu falters, the EFCC stumbles.
In August 2019, the EFCC Twitter handle @officialEFCC tweeted a photo of some top staff of the agency tagging them ‘Magu boys’.
(3)The acting EFCC chairman once declared that a suspect stole $2.5bn without the pronouncement of a court – while his operatives ran amok invading nightclubs to arrest random party animals in the guise of hunting yahoo-boys.