Presidency Gives Reason For Suspending Magu As EFCC Boss

The Presidency has explained why Ibrahim Magu was suspended as the acting chairman of the Economic and Financial Crimes Commission, EFCC.

A statement issued by the Senior Special Adviser to the President, Garba Shehu, revealed that Magu was suspended due to allegations made against him.

“As is the proper procedure, when allegations are made against the Chief Executive of an institution, and in this case an institution that ought to be seen as beyond reproach, the Chief Executive has to step down from his post and allow for a transparent and unhindered investigation.”

The Presidency stated that the EFCC cannot be characterized by an individual.

“Therefore, the suspension of Mr. Ibrahim Magu, allows the institution to continue carrying out its mandate without the cloud of an investigation hanging over its head.

“The EFCC has many good, hardworking men and women who are committed to its ideal and ensuring that the wealth of our country isn’t plundered and wherein there is an act of misappropriation such person(s) are brought to justice.”

The statement reveals that Magu has the opportunity to defend himself of the allegations.

“This is how it should be, as is the fact that under the Laws of Nigeria every citizen is presumed and remains innocent until proven guilty.”

The Presidency pointed out that the fight against corruption is dynamic and not static.

“What is however important is that there must be accountability and transparency and our people must realize that they would be held to account.

“This is the building block in the fight against corruption, the establishment of the concept of accountability and the recognition of the Rule of Law.

“Those who see Mr. Magu’s investigation, as a signal that the fight against corruption is failing, have, unfortunately, missed the boat.

“There is no better indication that the fight is real and active than the will to investigate allegations in an open and transparent manner against those who have been charged to be custodians of this very system.

“Under this President and Government, this is our mantra and guiding principle. There are no sacred cows, and for those who think they have a halo over their heads, their days are also numbered.

“Mr. Magu was not immune – and regardless of the obvious embarrassment that potential acts of wrongdoing by him, given the office he held, may appear for the government.

“No other administration in the history of Nigeria would have moved to bring into the light and public domain such an allegation”, it added.