Crime and Security

Magu linked to 380 houses, 7 crude oil-laden ships, N37bn assets

Magu linked to 380 houses, 7 crude oil-laden ships, N37bn assets


Embattled former Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has been linked to assets running into multiple billions of naira.

The suspended anti-graft agency boss was, Wednesday July 8 grilled and queried by the Justice Ayo Salami-led Presidential panel to account for 380 houses, seven vessels loaded with crude oil and disposal of assets worth N37 billion.

The claims were reportedly levelled against Magu by Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN).

Magu came under fire on Monday after he was arrested by detectives in Abuja. On Tuesday, he was quizzed on cash discrepancies said to be N539 billion that was generated from the sale of seized assets and N504 billion declared by the commission.

The Federal Criminal Investigation Department, FCID, Area 10, Abuja also grilled him during which it was found that the AGF raised about 20 allegations against him.

Magu was never confirmed as a substantive chairman of the anti-graft agency by the Nigerian senate over allegations leveled against him by the security agencies.

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