BREAKING: Suspended EFCC acting chairman, Ibrahim Magu released from detention

The suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has been released from police custody.

Onyxnews Nigeria reports that Magu has been released after 10 days in detention.

This reliable online news platform understands that Magu was arrested on July 6, 2020 for allegations of corruption and brought before the Justice Ayo Salami-led Presidential panel, the Attorney-General of the Federation.

The suspended EFCC boss was accused of being unable to account for the interest accrued to recovered funds.

Magu was also accused of insubordination and purchase of property in Dubai, the United Arab Emirates.

Below are some of the reported allegations levelled against Magu…

* Alleged discrepancies in the reconciliation records of the EFCC and the Federal Ministry of Finance on recovered funds

* Declaration of N504b as recovered funds instead ofN539b earlier claimed

* Insubordination to the Office of the AGF

*Not providing enough evidences for the extradition of Diezani Alison-Madueke

* Alleged late action on the investigation of P&ID leading to legal dispute

* Not respecting court order to unfreeze a N7b judgment in favour of a former executive director of a bank.

* Alleged delay in acting on two vessels seized by Navy

* Alleged favouring of some investigators called Magu Boys

* Reporting some judges to their presiding officers without deferring to the AGF

* Alleged sale of seized assets to cronies, associates and friends

* Alleged issuance of investigative activities to some media prejudicial to some cases