NFIU submits report on Magu’s forex transactions to panel

The suspended acting chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, on Monday appeared before the Justice Ayo Salami-led presidential panel for the second week running.

Magu has been appearing before the panel sitting inside the old Banquet Hall of the Presidential Villa, Abuja, since last Monday when he was arrested. He has since then been in police custody from where he is being moved to the venue of the sitting daily.

Meanwhile, the Nigerian Financial Intelligence Unit has presented its investigative report on Magu to the panel.

It was gathered that the NFIU provided a comprehensive report on Magu’s alleged activities, including details of his relationships with some Bureau de change operators to the panel.

However, Magu’s lawyer, Tosin Ojaomo, has disclosed that the bail application for his client was receiving attention from the Inspector-General of Police, Mohammed Adamu.

Ojaomo disclosed plans to drag the Attorney General of the Federation, Abubakar Malami (SAN) to court for “illegally” selling forfeited vessels and crude oil, insisting that he had no authority to do so.

He further stated that he would file charges against the AGF for his illegal action, insisting that he had no immunity against prosecution.

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