The Presidential panel investigating corruption allegations against the suspended acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu has started probing his relationship with a Bureau De Change company based in Kaduna that has transacted business in the range of N336 billion, $435 million and about 14 million Euros.
Vanguard reports that the embattled boss of the antigraft agency is expected to respond to the discovery by the Nigerian Financial Intelligence Unit, NFIU, that he allegedly has connection with the said Bureau De Change.
A source within the presidential panel tod the publication
“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.”