Magu faces tough bail conditions as panel proceedings continues

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The suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, faces tough terms as he hopes to secure bail from detention.

Mr Magu has not been seen or heard from since his arrest on Monday.

He is facing a probe panel set up by President Muhammadu Buhari over allegations of corruption and insubordination.

The panel, headed by a retired appeal court judge, Ayo Salami, also has representatives of the major security agencies, police and the SSS, as members.

The allegations against Mr Magu were made by the Attorney-General of the Federation, Abubakar Malami. Both men have had a running battle since Mr Magu’s appointment in 2015.

While the panel has continued its daily sitting, it has been held behind closed doors in the absence of journalists.

Government officials including presidential spokespersons have also been reluctant to speak officially on the status of the investigation and of Mr Magu.

Apart from Mr Magu, other senior officials of the agency including its secretary, Olanipekun Olukoyede, are believed to have appeared before the panel.

Unlike Mr Magu, however, every other person who has appeared before the panel has been allowed to go home after the appearance.

This, according to reports, prompted the embattled ex-EFCC czar to pen a letter to the Inspector-General of Police, Mohammed Adamu.

Mr Magu wrote to the police boss on Friday through one of his lawyers, Oluwatosin Ojaomo.

The letter dated July 10 requested that Magu be granted bail “on self-recognisance”.

However, KAFTANPost reliably gathered that the IGP won’t easily yield to his demand and may likely frustrate Magu’s release with stringent bail conditions.

There are reports that the 58-year-old has set his mind fixed on undergoing a hunger strike if refused bail by the IGP.

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