Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has been arrested by the Department of State Services (DSS) over allegations that he owns four properties and that he was allegedly transferring funds abroad through a third party.

He was arrested at the Wuse II office of the DSS on Monday afternoon and is now undergoing interrogation at the DSS Headquarters In Aso Drive.

The DSS had in a 2016 report accused Magu of living in a N40m mansion paid for by one Umar Mohammed, a retired air commodore who is allegedly involved in shady deals.

“In December 2010, the Police Service Commission (PSC) found Magu guilty of action prejudicial to state security – withholding of EFCC files, sabotage, unauthorised removal of EFCC files and acts unbecoming of a police officer, and awarded him severe reprimand as punishment.

“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... READ MORE

https://thewillnigeria.com/news/breaking-dss-arrests-efcc-acting-chairman-ibrahim-magu-for-money-laundering/