By Martins Idakwo
Ex-acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, being probed over alleged link to a Kaduna-based Bureau de Change found to have made transactions of N336 billion, $435 million and 14 million Euros.
It was learnt that the suspicion of Magu’s alleged connection 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 7pm.
It was gathered that Magu will now explain before the panel what he knows about the Bureau de Change and the huge amount of money in its possession.
A link was also established to a Lagos-based lawyer who was also said to have collected the sum of N28 million from the Kaduna-based Bureau de Change, and is also being analyzed by the panel.
Beside that, the panel is also interested in finding out whether there is any relationship between Magu and a relatively unknown Lagos-based pastor found with N573 million in his account.
The pastor is believed to be a close associate of the former EFCC boss.
A source with knowledge of the investigation said, “From the issues before the committee, there are two big issues concerning Bureau de Change being allegedly linked to Magu in Kaduna; 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.”
