HomeHow Senate President Saraki,...

How Senate President Saraki, Convicted James Ibori Had Masterminded New EFCC Chairman’s Sack, Ibrahim Magu

Senate President, Bukola Saraki and former Delta Governor James Ibori had masterminded the removal of Ibrahim Magu, the newly appointed chairman of the Economic and Financial Crimes Commission, EFCC, from the anti-graft agency in 2008.

Pointblanknews reports that  Magu, then head of the EFCC’s Governance Unit, had investigated Saraki as Governor of Kwara State, Ibori as Governor of Delta State and other top politicians during the administrations of Olusegun Obasanjo and Musa Yar’Adua.

Following damning outcome of his painstaking investigation of the politicians, Magu became a target and was suspended from the police and then arrested on trump-up allegation of keeping documents belonging to the EFCC in his home, according to sources familiar with his activities in the anti-graft agency.

Prior to the May 29 2007, expiration of tenure (and therefore immunity) of Nigeria’s former governors, the EFCC pronounced that it would hunt down and prosecute public officials the anti-graft agency deemed corrupt. By mid-July, however, the EFCC had yet to swiftly and decisively prosecute these officials. Whether the lassitude was due to inefficiency, lack of evidence, successful prior brokering of deals with the EFCC or old-fashioned politics remains unclear, U.S States Department noted.

A United States cable obtained by Wikileaks wrote: C) On August 4, former EFCC Economic Governance Unit Head Ibrahim Magu was

reportedly arrested following searches of his Abuja and Lagos residences which reportedly found EFCC case files and a computer with classified information. Magu was redeployed from the EFCC to the Police force on July 4 (reftel) and was serving as Chief Superintendent at Ado, Ekiti State at the time of his arrest. Although press reports alleged the EFCC carried out the arrest, EFCC Secretary Akomaye told Poloff on August 6 that the investigation, search and arrest were all handled within the Police and that the EFCC (once again) could not comment on police matters.

Meanwhile, EFCC Chief of External Relations Mohammed Bamalli (strictly protect), a trusted Embassy contact within the EFCC, told Poloff he knows Magu well and cannot believe that Magu, whom he termed a “skilled professional,” would keep files at home. Bamalli told Poloff he plans to meet Magu late on August 6 and will relay what he learns to Poloff. Post will report any information from Bamalli septel.

5. (C) Comment. The confluence of events in the course of a few days, with the appointment of Ibori’s former Commissioner of Finance as Principal Secretary to the President, the questioning of Ribadu, Ribadu’s demotion and Magu’s arrest, does not bode well for the Administration’s commitment to fighting corruption. The thread that runs through all of them is former Delta Governor James Ibori, the target of major corruption and money laundering probes by the EFCC and British Metropolitan police. Ibori was believed by many to be the driving force behind Ribadu’s removal from the EFCC and Waziri’s appointment. Antony Goldman, independent energy consultant and former Economist Financial Intelligence Unit Africa Analyst, told Poloff a few weeks ago that, during a recent phone conversation, a cheerful Ibori commented that “Ribadu will be in jail before I ever will be.”

- A word from our sponsors -

spot_img

Most Popular

1 COMMENT

  1. l think president buhari should sack this man called saraki , and why is he causing so much confusion in the senate , why does he want efcc chairman sacked, if saraki has a personal issue with magu he should not bring kit to the senate , for all i knoe the man is doing a good job in exposing corruption in nigeria.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

Cheta Nwanze: Failed visa Marriages

by Cheta Nwanze The 1990 film Green Card told a relatively innocent...

Digital Marketing for Attorneys

In the competitive landscape of legal services, personal injury and medical...

- A word from our sponsors -

spot_img

Read Now

“No Victor, No Vanquished” — Angbazo calls for unity after Nasarawa ADC Governorship Primary win

LAFIA — Retired General Nuhu Angbazo has emerged victorious from the Africa Democratic Congress, ADC, governorship primaries in Nasarawa State, calling on all party faithful to sheathe their swords and rally behind a common vision for the state's development. In a press statement issued shortly after his victory...

Lazarus Angbazo: The Countries that will lead the AI Economy are being decided right Now — By Their PowerGrids

Nigeria has enough installed generation to power a mid-sized country. The grid delivers less than half of it. Around the world, the race to build AI-ready power infrastructure is already underway — and the decisions African governments and investors make in the next eighteen months will determine...

Cheta Nwanze: Failed visa Marriages

by Cheta Nwanze The 1990 film Green Card told a relatively innocent story: a French immigrant and an American woman enter a marriage of convenience so he can stay in the US. They barely know each other. They hope never to see each other again after the deal...

Digital Marketing for Attorneys

In the competitive landscape of legal services, personal injury and medical malpractice attorneys are finding themselves overshadowed by competitors who dominate online visibility. The root of this issue lies in the digital presence that many firms lack. While traditional word-of-mouth referrals still hold value, the digital age...

Lazarus Angbazo: The global power industry is leaving Africa behind

 Dr. Lazarus AngbazoThe nascent AI revolution is not just driving electricity consumption and massive demand for additional capacity—it is reshaping how power is built, maintained, and delivered. For Africa, the real risk is no longer just insufficient capacity—it is also losing control and ability to manage the capacity it...

Bunmi Onabanjo-Kuku: The first thing you feel when you land in Nigeria

By Bunmi Onabanjo-Kuku The first thing you feel when you land in a country is not its culture, not its cuisine, not its people. It is its airport. That threshold, the space between the jet bridge and the city beyond, tells you everything a nation believes about itself...

Dr. Lazarus Angbazo: Why a fractured world strengthens the case for African Infrastructure

How inflation, energy insecurity, power scarcity, and geopolitical fragmentation are reshaping the risk-return case for African infrastructure By Dr. Lazarus Angbazo At a recent global infrastructure summit, the prevailing mood among institutional investors was unmistakable. Faced with surging capital requirements for energy transition, grid expansion, and digital infrastructure in Europe and...

Aliko Dangote to launch what could become Africa’s largest initial public offering to raise $5 billion from investors

Nigeria’s biggest local investor, Aliko Dangote, is moving ahead with plans to launch what could become Africa’s largest initial public offering, as Dangote Petroleum Refinery & Petrochemicals prepares to raise up to $5 billion from investors. The share sale is expected to open as early as May, with...

Criminal networks have turned Nigeria’s telecom towers into open-air warehouses for theft, looting

Criminal networks have turned Nigeria’s telecom towers into open-air warehouses for theft, looting 656 critical power assets across 14 states in 2025 alone and keeping up the pace in early 2026. The Nigerian Communications Commission (NCC) data showed the haul included 152 generators and 504 batteries stolen from...

Paul Yirenkyi: A call for Caution Needed, President Tinubu and the INEC-ADC Crisis

I have seen enough cycles of tension and resolution to recognise when restraint must prevail over confrontation. The current standoff between the Independent National Electoral Commission (INEC) and the African Democratic Congress (ADC) is one such moment. In early April 2026, INEC withdrew recognition of the Senator...

Nigeria’s opposition landscape appears increasingly fractured, disorganised and strategically weakened

10 months until the 2027 general elections, Nigeria’s opposition landscape appears increasingly fractured, disorganised and strategically weakened. Although no fewer than 21 political parties have been registered by the Independent National Electoral Commission (INEC) to participate in the polls, developments within the parties, including internal crises, litigations and other destabilising factors, may...

Power shortages weaken Nigeria’s business activity 

Nigeria’s business environment continued to expand in March 2026 but slowed as rising input costs and power supply deficits weighed on performance, according to the latest Business Confidence Monitor (BCM) report by the Nigerian Economic Summit Group (NESG). The report indicates that the Current Business Performance Index declined...