Ibrahim Magu, suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), has described the allegations levelled against him as “nonsense”.

Speaking with The Nation hours after he was released from police custody, Magu said he was shocked when he read the allegations designed to tarnish his image.

He was arrested last week and whisked to the presidential villa in Abuja, where he appeared before a panel President Muhammadu Buhari set up to probe the EFCC under him.

The panel is headed by Ayo Salami, retired president of the appeal court.

“They are nonsense. They are mere trump up allegations to tarnish my image and that of the EFCC. I did not steal or divert or convert funds to private use. I read the allegations and I was shocked,” Magu was quoted to have said.

“What I have gone through is a case of dog eats dog but I see it as one of those risks of the job… we must not give up in any way.”

Magu, who vowed to fight corruption till the end, thanked those who stood by him when he was in detention.

He asked Nigerians not to give up on the fight against corruption, saying: “Corruption kills a nation faster than any other thing.”

“I thank Nigerians for their support, they should not be discouraged. I am happy to be back, I believe the war against corruption is winnable,” he said.

“Whether I am EFCC Chairman or not, the anti-corruption war must continue.”

Magu’s travails followed a memo by Malami accusing him of grave malfeasance. He was alleged to have mishandled the recovered loot and sold seized assets to his associates.

A slew of allegations has come to the fore since his arrest. He was alleged to have purchased a property in Dubai, United Arab Emirate using a pastor as a conduit.

He was also alleged to have laundered over N500 billion through a bureau-de-change in Kaduna.

Magu earlier denied the allegations through his lawyers.

Mohammaded Umar, former director of operations at the EFCC, has taken charge of the commission in acting capacity.

Suspended Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has opened up on his travails while in detention.

He asked Nigerians not to give up on the fight against corruption.

He said whether he is the chairman of EFCC or not, “Nigerians must own the war against corruption, which President Muhammadu Buhari is determined to eradicate.”

He said what he went through was “one of those risks of the job.”

He said all the allegations flying around were to tarnish his image and that of EFCC.

Magu, who spoke exclusively with THE NATION, said: “As for me, I will forever wage war against corruption. I urge Nigerians to continue to support the fight against corruption.


“They should not give up on the fight because corruption kills a nation faster than any other thing.

“It is not a personal fight. Whether I am EFCC Chairman or not, the anti-corruption war must continue.


“What I have gone through is a case of dog eats dog but I see it as one of those risks of the job. But we must not give up in any way.

On the allegations against him, he said: “They are nonsense. They are mere trump up allegations to tarnish my image and that of the EFCC. I did not steal or divert or convert funds to private use. I read the allegations and I was shocked.

“I thank Nigerians for their support, they should not be discouraged. I am happy to be back, I believe the war against corruption is winnable.”