CCB to prosecute Magu over dormant account, P/Harcourt property

Barring any hitches, the Code of Conduct Bureau (CCB) will arraign Ibrahim Magu, the suspended Acting Chairman of the Economic and Financial Crimes Commission (EFCC), before the Code of Conduct Tribunal (CTC) any moment from now, an online platform, The Cable,reported yesterday.

It said that according to sources, Magu is to be prosecuted for allegedly failing to list a bank account in his asset declaration form. It was learnt that the First Bank account had not been operated by Magu for five years and gone dormant.

The CCB has also listed a property in Port-Harcourt, Rivers State, allegedly owned by the police commissioner as part of the evidence to be used against him at the tribunal.

The former EFCC boss had previously been accused of owning properties in Dubai, Lagos and Abuja — but it now appears there is no substance to the allegations. His team has maintained that he only owns one house and it is located in Karu, Nasarawa state.

Magu, who was named acting chairman of the EFCC in 2015 and was never confirmed until his suspension in July 2020, had been invited by the CCB to answer questions on his asset declaration.

This came at the time he was also being investigated by the Justice Ayo Salami panel, which has now recommended his sack and prosecution for alleged corruption in office, an allegation Magu has consistently denied.

Recall that Magu failed to appear before the CCB, citing his lack of access to the documents being requested.

In a statement issued yesterday, Wahab Shittu, counsel to Magu, denied that the suspended chairman shunned the Bureau.

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