Connect with us
X
Categories:

News

Magu To Explain Link With Bureau-De-Change Over N336B, $435M, & €14M

The Terrorist!

Published

on

The Presidential probe panel investigating corruption allegations against the suspended acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu has started probing the relationship between Magu and a Bureau De Change based in Kaduna.

Download & Install The New ANE Android App To Your Device
Hello!! Have you heard about the deadly virus called Coronavirus? No? See What It Is & How To Prevent It Here. Also Stay Connected & Get Latest Updates On Coronavirus Here. Please be safe! We LOVE You.


Sources close to the panel told ANE, that the embattled EFCC boss who was suspended by President Muhammadu Buhari on Friday, 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.

Magu is also expected to explain what he knew about humongous sums of money discovered by the NFIU, from a relatively unknown Lagos based Pastor who was said to be his associate.

Besides, the NFIU was said to have also discovered another N28 million taken from the same Bureau De Change by a well known Lagos based lawyer.

The source said, “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.”

Meanwhile, some unknown people allegedly broke into the new office of the NFIU and destroyed computers containing certain vital and sensitive documents that could help in the investigation of the former EFCC boss.

Some officials of the NFIU were said to have appeared before the Justice Ayo Salami panel, investigating Magu on Thursday to clarify certain grey areas especially, as relating to some accounts suspected to have been used to move money.

The NFIU officials it was gathered told the panel that by their operational protocols and procedure, they didn’t go about with such documents.

They advised members of the panel to visit their office on Friday morning to sight the documents requested for.

However, it was alleged that before the panel members got to the NFIU office Friday morning, some unknown people had broken into their office, went straight to the room, where the documents were stored in the computers and destroyed them all.

Recall that the NFIU was the agency that investigated all the allegations of financial malfeasance against Magu, in addition to the fact that the agency was only recently severed from the EFCC.

Magu appeared at the panel for the 5th day about 10am.

Sources at the venue, the Old Banquet Hall had told ANE that the embattled anti-corruption Czar had developed running nose on Thursday which prompted the invitation of some medical experts to attend to him.

Magu and the panel members, it was gathered left the venue about 7pm.


Get More Stories Like This On: Facebook: @AllNaijaEntertainment, Twitter: @AllNaijaEntertainment
Reach us on WhatsApp via: +2348104471989

Don’t Miss!

Join "ANE sabi" clique

Don't miss a thing, get ogbonge ANE latest updates to fuel your conversation daily.




Latest Exchange Rate

Donate To ANE!


Mind buying a coffee to support us here at All Naija Entertainment?. Yes?

Donate Now
Baby Walkers
Lifestyle1 month ago

Buying Guide On Baby Walkers for 2021

Burna Boy
Entertainment2 months ago

2021 Grammy Awards: Burna Boy Promises An Unforgettable Performance Experience

Lionel Messi Barcelona Sevilla Copa Del Rey Semi Final
Sports2 months ago

Copa del Rey: Barcelona conquer Sevilla despite 2-0 down!!

PANDORA'S BOX Story
Stories2 months ago

[STORY] PANDORA’S BOX (Episode 06)

BITCOiN
Technology3 months ago

Best Time to Sell Your Bitcoin [EASY GUIDE]

BITCOiN
Technology3 months ago

Bitcoin Crashes, Loses $10,000 In Value

News3 months ago

30 Million Nigerians Will Be On Drugs By 2050 – NDLEA

Cristiano Ronaldo
Sports3 months ago

Serie A: Ronaldo’s Brace Set Juventus Free From Crotone

News3 months ago

Fulani Herdsmen Deserve Better Treatment From Nigerians – Bauchi Former Gov

Justin Trudeau
News3 months ago

Insecurity: Canada Issue Warning to Citizens Against Traveling to Nigeria

NCDC Chairman Chikwe Ihekweazu
News3 months ago

Nigeria Govt Confirms Discovery Of New Covid-19 Variant, 15 Others

Akwa Ibom Best Hotels ANE Travels
Lifestyle3 months ago

How To Detect Hidden Camera in a Hotel Room!!

WhatsApp
Technology3 months ago

WhatsApp To Deactivate Messages For Users Who Reject New Terms!!

Nissi
Entertainment3 months ago

Afro-Jazz/funk Singer, Nissi’s ‘Move X 2’ Is A Rare Delightful Visual

Kim Kardashian
Entertainment3 months ago

Kim Kardashian Officially Files For Divorce From Kanye West!!

Kanye West
Entertainment3 months ago

Kanye West Thinks Kim Kardashian Is Divorcing Him Because Of Presidential Run

Banky W and Adesua Pregnant
Entertainment3 months ago

Banky W, Adesua Etomi Welcome Baby Boy!!

JImoh Ibrahim
News3 months ago

Jimoh Ibrahim: Court Vacates Order Against Assets Over Alleged N69.4bn Debt

Business3 months ago

Nigeria To Supply Electricity To Togo From Calabar Power Plant

Victor Osimhen
Sports3 months ago

Napoli Confirm Victor Osimhen Head Injury, Say No ‘conclusive Result’ After Tests

ANE Billboard Hots!



Join "ANE sabi" clique

Don't miss a thing, get ogbonge ANE latest updates to fuel your conversation daily.





Copyright © All Naija Entertainment.

css.php