Magu: Presidency Mulls Retaining EFFC Chairman in Acting Capacity

Hamilton Nwosa
Writer
new-diplomat default image
new-diplomat default image

Ad

Nsukka Catholic Diocese Grieves Loss of Bishop Emeritus Francis Okobo at 89

By Abiola Olawale The Catholic community in Nsukka, Enugu State has been engulfed by tears following the passing of Most Rev. Dr. Francis Emmanuel Ogbonna Okobo, Bishop Emeritus of the Nsukka Catholic Diocese. It was gathered that Okobo passed away on Friday, August 29, 2025, at the age of 89. The revered cleric, who served…

Anticipation as Tottenham Accelerates Transfer Chase for Atalanta’s Ademola Lookman

By Abiola Olawale English football club, Tottenham Hotspur is reportedly intensifying negotiations to sign Atalanta’s star forward Ademola Lookman as the summer transfer window approaches its September 1 deadline. It was gathered that Lookman, a 27-year-old Nigerian international, has reportedly caught the eye of Tottenham. Lookman is also reportedly eager to return to the Premier…

Oil Prices Aren’t Likely To Rise Anytime Soon

Analysts surveyed by Reuters expect Brent Crude to average $67.65 per barrel and WTI Crude to average $64.65 per barrel this year, with slight adjustments from previous forecasts. Factors contributing to the subdued oil price outlook include rising supply from OPEC+ and non-OPEC+ producers, slowing demand growth post-summer, and uncertainties from U.S. trade policies. Major…

Ad

…Coalition Fingers Saraki, Others  as Brains  behind Magu’s  Rejection

Following Wednesday’s non-confirmation of acting Chairman of the Economic and Financial Crimes Commission(EFCC), Ibrahim Magu, investigations have revealed that Senate President Dr Bukola Saraki and others indicted in an interim report by the EFCC over the  controversial handling of the $4bn Paris Club windfall, have been allegedly fingered as the arrow-heads behind Magu’s ordeal at the Senate.

Following this revelation and findings, sources in the Presidency confided in The New Diplomat that the Presidency is considering retaining Mr Magu in acting Capacity as the Chairman of the EFCC to continue with his work at the anti-graft agency.

Said an insider: “ The whole thing has link with the Paris Club windfall deal in which the EFCC investigated the scam and discovered that Senate President Dr Bukola Saraki was mentioned and accused of being a beneficiary in the sharing deal. There were subtle threats that the report should be withdrawn otherwise the Senate would activate its machinery to ensure that Magu is not confirmed. There was even a subtle complain to the presidency by the leadership of the Senate but the Presidency was not interested and would rather ask Magu to continue with his job.’’

It would be recalled that the Senate had out-rightly rejected Magu and declined to confirm him as substantive Chairman of the EFCC following the submission of his name by President Muhammadu Buhari to the Senate for confirmation. This latest rejection makes it twice that the upper chambers would be declining the confirmation of Magu based on a report from the Department of State Security Services which indicted the EFCC boss. The report accused Magu of being unfit to hold that sensitive position. With this latest development, it is not clear how the game would play out, The coming days would certainly be quite interesting.

Ad

X whatsapp