President Muhammadu Buhari, on Tuesday, suspended the acting chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, from office.
First News learnt that Magu was suspended to ensure unimpeded probe of the allegations against him.
Buhari had earlier set up a presidential panel headed by Justice Ayo Salami to probe the various allegations levelled against the EFCC boss.
The panel grilled Magu for hours on Monday at the Presidential Villa, Abuja before he was taken into police custody
The development comes after he was arrested and detained by security operatives in Abuja.
A source privy to the investigation confirmed Magu’s suspension.
Magu’s travails began after the Attorney-General of the federation and Minister of justice, Abubakar Malami, sent a memo to the President in which he accused the EFCC boss of malfeasance.
Magu was alleged to have mishandled the recovered loot and was selling seized assets to associates.
He was also alleged to have refused to subject himself to the supervision of the office of the attorney-general
The Presidency has yet to issue a formal statement on the issue as of the time of filing this report.
The presidential panel has, however, resumed sitting at the Presidential Villa, Abuja.