The embattled acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, is probing him on his alleged link to a Kaduna-based Bureau de Change found to have made transactions of N336 billion, $435 million and 14 million Euros.
Magu’s alleged link was raised before the panel by the Nigerian Financial Intelligence Unit (NFIU) which discovered the transactions.
The panel grilled Magu for the fifth day on Friday before closing for the day at about 7 pm.
Besides, the NFIU was said to have also discovered another N28 million taken from the same Bureau De Change by a well known Lagos based lawyer.
According to a source, he said,
“From the issues before the committee, there are two big issues concerning Bureau De Change being allegedly linked to Magu in Kaduna and that Bureau De Change has been discovered by the NFIU to have transacted business in the region of N336 billion, $435 million and about 14 million Euros. There was another allegation against Magu that a relatively unknown Pastor in Lagos who was linked with Magu was discovered to have N573 million in his account. Also, there was a famous lawyer in Lagos, who took N28 million from the Bureau De Change.”
A popular Lagos pastor also linked to this laundering act by Ibrahim Magu, which is believed to be a close associate of the former EFCC boss.