JUST IN: Presidency Gives Reasons Ibrahim Magu Is Under Probe

The presidency has given reasons for the probe and suspension of Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu.

President's spokesman, Garba Shehu, in a statement on Saturday, disclosed that a series of documented allegations were made against Magu and some other staff of the agency.

He noted that following a preliminary review of the allegations, there were grounds for a detailed investigation to be conducted.

This he explained, led to the constitution of an investigative panel in compliance with the extant laws.

The presidency stated that the EFCC does not revolve around the personality of an individual, and as such cannot be seen through the prism of any individual.

The statement said Magu is being availed the opportunity to defend himself and answer the allegations against him.

“As is the proper procedure, when allegations are made against the Chief Executive of an institution, and in this case an institution that ought to be seen as beyond reproach, the Chief Executive has to step down from his post and allow for a transparent and unhindered investigation.”

“Therefore, the suspension of Mr. Ibrahim Magu, allows the institution to continue carrying out its mandate without the cloud of an investigation hanging over its head.

“The EFCC has many good, hardworking men and women who are committed to its ideal and ensuring that the wealth of our country isn’t plundered and wherein there is an act of misappropriation such person(s) are brought to justice.”

“This is how it should be, as is the fact that under the Laws of Nigeria every citizen is presumed and remains innocent until proven guilty.”

“What is however important is that there must be accountability and transparency and our people must realize that they would be held to account.

“This is the building block in the fight against corruption, the establishment of the concept of accountability and the recognition of the Rule of Law.

“Those who see Mr. Magu’s investigation, as a signal that the fight against corruption is failing, have, unfortunately, missed the boat.

“Mr. Magu was not immune – and regardless of the obvious embarrassment that potential acts of wrongdoing by him, given the office he held, may appear for the government.