Magu was reportedly suspended based on the ongoing probe instituted against him by the Attorney General of the Federation, Abubakar Malami.
The EFCC boss had been arrested Monday afternoon and taken to a Presidential panel set up to investigate fraudulent claims against him after he allegedly snubbed previous invitations extended to him.
A detachment of Department of State Services personnel intercepted his convoy in traffic at Wuse II and forcefully took him to a panel set up by President Muhammadu Buhari to probe fraud allegations against him.
Malami, in a memorandum to the president, anchored his recommendation on several grounds ranging from “diversion of recovered loot to insubordination and misconduct.”
The EFCC boss also reportedly documented a total recovery of N504 billion but lodged N543 billion in the Recovery Account with the Central Bank of Nigeria (CBN) which exceeded the disclosed figures by N39 billion.
Magu has remained the acting chairman of the anti-graft agency after his confirmation was twice rejected by the Saraki-led eight Senate.
More details to follow…