‘Relooting of Recovered Loots’ : 10 Major Allegations Against Embattled EFCC Chairman, Magu

A breakdown of the damning allegations leveled against acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has been revealed.

These were revealed in a memo raised by the minister of Justice and Attorney-General of the Federation, Abubakar Malami.

Mr Magu has been suspended after being embroiled in suspected corrupt practices.

As compiled by PRNigeria, the ten major allegations are as follows:




  1. Insubordination to the Office of the AGF
  2. Alleged ‘relooting of recovered loots’ and Sale of seized assets to cronies, associates and friends.
  3. Alleged favouritism towards selected EFCC investigators called the ‘Magu Boys’ for ‘juicy’ assignments
  4. Alleged leakages of investigative reports that were prejudicial to some cases to some selected media
  5. Alleged discrepancies in the reconciliation records of the EFCC and the Federal Ministry of Finance on recovered funds.
  6. Alleged declaration of N539b as recovered funds instead of N504b earlier claimed
  7. Not providing enough concrete evidences against some suspects including on Diezani Alison-Madueke for her extradition
  8. Reporting some judges to their presiding officers without deferring to the AGF
  9. Late action on the investigation of P&ID leading to legal disputes.
  10. Not respecting court order to unfreeze a N7b judgment in favour of a former executive director of a bank.

Source: https://www.adeolafayehun.com/2020/07/relooting-of-recovered-loots-10-major-allegations-against-embattled-efcc-chairman-magu/