Update: Magu To Know Fate Soon As Presidential Panel Prepares To Submit Report |The Source

By Charles Igbo

Suspended Acting Chairman of the Economic and Financial Crimes Commission, EFCC, CP Ibrahim Magu,  is  likely to know his fate soon. And that includes whether he would go back to his high profile office or not.

Still under investigation by the Presidential Panel set-up by President Muhammadu Buhari, the Panel may submit its report next week if it keeps to the time given it for the investigation.

Sources say the seven-man Panel, Chaired by a retired President of the Court of Appeal, Hon. Justice Ayo Salami, was given 45 days to submit its findings. Not many people knew when it started sitting, but it became public only when Magu was arrested.

Trouble started for Magu when the Attorney General of the Federation & Minister for Justice, Abubakar Malami, SAN, wrote a petition against him to the President, detailing 22 allegations against him, including corruption and insubordination.

Based on that, the President set up the Investigative Panel.

Magu was arrested on July the 6th on his way to the Force Headquarters for a meeting, and taken before the Panel.

He was detained for nine days and  suspended from office. The Director Operations, of the EFCC was appointed the Acting Chairman.

If the period of time given to the Panel is anything to go by, then, it could be submitting its report as early as next week, unless it gets an extension due to the volume of work.

Magu denied all allegations, dismissing them as lies from the pit of hell, insisting that his problem is because he stepped on powerful toes.

He also attributed what that what he is going through to a determination by some people to tarnish his image and that of the EFCC.

Magu is the first EFCC boss to act for five years without confirmation. He is the first to be arrested, first to be  detained, first to be suspended from office, and first to appear before a Presidential Investigation Panel.

The 8th Senate rejected his confirmation twice, based on a damning report on him by the DSS, under its former Director General, Lawal Daura.