Magu probed over links with Kaduna-based Bureau De Change that has done transactions worth N336 billion, $435 million and 14 million Euros

Posted 11 months ago

by Admin

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The Presidential probe panel investigating corruption allegations against the suspended acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu has started probing the relationship between Magu and a Bureau De Change based in Kaduna.

Sources close to the panel told Saturday Vanguard, that the embattled EFCC boss who was suspended by President Muhammadu Buhari on Friday, is expected to respond to the discovery by the Nigerian Financial Intelligence Unit, NFIU, that he allegedly has connection with the said Bureau De Change.

Magu is also expected to explain what he knew about humongous sums of money discovered by the NFIU, from a relatively unknown Lagos based Pastor who was said to be his associate.

Besides, the NFIU was said to have also discovered another N28 million taken from the same Bureau De Change by a well known Lagos based lawyer.

The source said, “From the issues before the committee, there are two big issues concerning Bureau De Change being allegedly linked to Magu in Kaduna and that Bureau De Change has been discovered by the NFIU to have transacted business in the region of N336 billion, $435 million and about 14 million Euros. There was another allegation against Magu that a relatively unknown Pastor in Lagos who was linked with Magu was discovered to have N573 million in his account. Also, there was a famous lawyer in Lagos, who took N28 million from the Bureau De Change.”

Meanwhile, some unknown people allegedly broke into the new office of the NFIU and destroyed computers containing certain vital and sensitive documents that could help in the investigation of the former EFCC boss.

 

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11 months ago

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