This was made known in a statement issued by the Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami through his Special Assistant on Media and Public Relations, Dr Umar Jibril Gwandu.
The President then appointed the commission’s Director of Operations, Mr Mohammed Umar to take over of the activities of the Commission.
The statement reads in part: “President Muhammadu Buhari has approved the immediate suspension of Ibrahim Magu as Ag. Chairman of the Economic and Financial Crimes Commission (EFCC) in order to allow for an unhindered inquiry by the Presidential Investigation Panel under the Tribunals of Inquiry Act and other relevant laws.”
“President Muhammadu Buhari has also approved that the EFCC Director of Operations, Mohammed Umar, should take charge and oversee the activities of the Commission pending the conclusion of the ongoing investigation and further directives in that regards.” It added.
Magu is facing a presidential panel over allegations of ’re-looting’ of recovered loots’ as well as the sale of seized assets to his cronies, associates and friends.
He was also accused of insubordination to the Office of the AGF by reporting judges to their presiding officers without recourse to the AGF.