OYOGist.com has learned that the presidential investigative panel, led by Justice Ayo Salami, on the accusation brought against Ibrahim Magu, the one-time acting chairman of (EFCC), Economic and Financial Crimes Commission, is investigating him on his apparent link with a Bureau de Change based in Kaduna.
They were alleged to have done transactions of $435 million, 14 million Euros, and N336 billion. It was discovered that the skepticism of Magu’s alleged connection was put forward before the panel by (NFIU), Nigerian Financial Intelligence Unit, which found out the transactions.
The committee cross-examined Magu for the 5th day on Friday before shutting down for that day at around 7 pm.
Magu will now clarify to the panel what he understands concerning Bureau de Change and a large sum of money that is in its custody.
His apparent link to a lawyer based in Lagos, who was likewise said to have received the amount of N28 million from Bureau de Change that is based in Kaduna, is likewise being investigated by the panel.
The panel is likewise interested in discovering whether there is any connection between Magu and a considerably unidentified pastor Lagos based in Lagos, found with the amount of N573 million in his custody.
The pastor is speculated to be a close affiliate of the one-time EFCC boss. “There is one other allegation against Magu that there is a little-known pastor in Lagos associated with him that was discovered to have N573 million in his account.