Just In: Ibrahim Magu asks IGP for bail

Acting Chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu, who is under investigation by a presidential panel, has requested bail from custody.

He has spent the fourth day at the Force Criminal investigation Department (FCID).

The presidential panel is probing Magu for allegations of misconduct levelled against him by Minister of Justice and Attorney-General Abubakar Malami.

The embattled chairman of the anti-graft agency, EFCC, spent his fourth night in detention on Thursday.

Mr Magu was arrested on Monday and has been detained since then.

He is facing a probe panel set up by President Muhammadu over allegations of corruption and insubordination. The panel, headed by a retired appeal court judge, Ayo Salami, also has representatives of the major security agencies, police and the SSS, as members.

The allegations against Mr Magu were made by the Attorney-General of the Federation, Abubakar Malami. Both men have had a running battle since Mr Magu’s appointment in 2015.

While the panel has continued its daily sitting, it has been held behind closed doors in the absence of journalists.

Government officials including presidential spokespersons have also been reluctant to speak officially on the status of the investigation and of Mr Magu.

Apart from Mr Magu, other senior officials of the agency including its secretary, Olanipekun Olukoyede, are believed to have appeared before the panel.

Unlike Mr Magu, however, every other person who has appeared before the panel has been allowed to go home after the appearance.