Ibrahim Magu is a Nigerian police officer who served as acting chairman of the Economic and Financial Crimes Commission (EFCC) from 9 November 2015, until his suspension on 7 July 2020. He was replaced by Muhammed Umar as the acting EFCC chairman.
Born 5 May 1962 in Maiduguri, Borno State, Magu attended Maiduguri’s primary school (from 1969 to 1975), Waka Biu’s Secondary School from 1975 to 1980 and Ahmadu Bello University, Zaria from 1982 to 1986 where he graduated with a B.Sc Accounting.
After the completion of his National Youth Service Corps, he served in various Ministries and Departments in the Borno State Government as an Accountant and rose to become a Zonal Accountant before he voluntarily resigned to join the Nigeria Police Force as an Assistant Superintendent of Police in 1990. He was the Coordinator, Nigeria Police Building Society before moving on to Special Fraud Unit (SFU) of the Nigeria Police Criminal Investigations Department (CID) where he served as a team leader in charge of Financial Crimes, Money Laundering and Advance Fee Fraud investigation.
He served a member of the investigative committee convened by National Security Adviser (NSA), Babagana Monguno on the orders of President Muhammadu Buhari to probe the procurement of arms in the Armed Forces from 2007 to 2020.
The Police Service Commission (PSC) on Friday, 28 April 2018 announced the promotion of 18 senior officers after her 27th Plenary Meeting which ended in Abuja where Magu was promoted to the rank of a full commissioner from deputy commissioner.
Magu however, remained unconfirmed as the Chairman of EFFC until his suspension on 7 July 2020, as the chairman of Economic and Financial Crimes Commission (EFCC) because of corruption allegations leveled against him.
The suspended acting chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu, allegedly used a pastor to launder looted funds out of the country.
Magu is being interrogated by a panel headed by Ayo Salami, former president of the appeal court, has been accused of not being transparent in managing assets recovered by the commission.
Magu was arrested on Monday, July 6, 2020, by a combined team of officials of the Department of State Services (DSS) and force criminal investigation department (FCID) after failing to honour two invitations from the panel.
In the report of the Presidential Committee on Audit of Recovered Assets (PCARA), which probed assets recovered by the EFCC from May 2015 to May 2020, Pastor Emmanuel Omale was said to have been used by Magu to launder funds.
According to the final report of the Presidential Committee on Audit of Recovered Assets (PCARA), The Pastor is alleged to have bought a landed property on behalf of Magu worth N573 million in Dubai, United Arab Emirate.
“He’s reported to have traveled to Dubai with Mr Magu, and his name was used in purchasing a property in Dubai for Mr Magu. As an unknown pastor, the NFIU’s report showed the huge movement of funds ranging from N573,228,040.41,” the report said.