Buhari Suspends EFCC Secretary Olukoyede, 10 Others

President Muhammadu Buhari has suspended no fewer than
11 senior officials of the Economic and Financial Crimes
Commission, as the probe of the shenanigans under the
stewardship of disgraced Ibrahim Magu deepened.
Authoritative Presidency sources told Oniftv on Tuesday
night that EFCC executive Secretary Olanipekun Olukoyede
was among the senior officials suspended.
According to the source, ‘they were suspended for various
alleged criminal and corrupt infractions”.
The suspension of the officials was also to allow for
unfettered investigation of the commission.
“All the top officials in the agency have been suspended,
their offices locked, to prevent any tampering with files at
the commission”, the source added.
President Buhari suspended Ibrahim Magu, the former
acting chairman of the agency last week and appointed the
director of operations, Mohammed Umar Abba, to hold
The source said Umar Abba survived the temporary purge,
as he was found not to be a part of the suspected
underhand dealings in the agency.
Olukoyede became the Secretary to the EFCC in November
2018 following confirmation by the Senate.
The Ikere-Ekiti born senior lawyer was a former chief of
staff to Magu. He replaced Emmanuel Aremo, whose five-
year tenure expired in July 2018.
The former acting chairman of the agency is facing for the
second week, grilling by the presidential panel headed by
Justice Ayo Salami, over financial allegations and
improprieties, including money laundering.
He is facing tough questioning over allegations that he re-
looted funds recovered by the commission. And that he
accepted bribes to pervert cases of graft.
He is also accused of mismanagement of recovered assets
by the EFCC.
Among the issues Magu is helping the panel to resolve are
wide discrepancies in figures of recovered monies
published by the agency.
The panel has also asked him to react to the Nigerian
Financial Intelligence Unit(NFIU) report accusing him of
siphoning money from the EFCC.
NFIU report showed that a particular Bureau de Change,
owned by Ahmed Ibrahim Shanono linked to the Acting
Chairman based in Kaduna has more than 158 accounts
and has been receiving huge sums of funds.
The report also accused Magu of laundering money through
Pastor Emmanuel Omale of Hand of God Prophetic Ministry.
Omale was alleged to have bought a landed property on
behalf of Magu worth N573 million in Dubai, United Arab
“Another individual who is helping in laundering funds for
the Acting Chairman and who has been referred to in
several petitions is one Pastor Emmanuel Omale (Hand of
God Prophetic Ministry).
“He is reported to have traveled to Dubai with Mr. Magu and
his name was used in purchasing property in Dubai for Mr
“As an unknown pastor, the NFIU’s report showed huge
movement of funds ranging from N573,228,040.41,’’ the
report said.
Omale has denied laundering money for Magu.
Magu has also been accused of allegedly failing to give
proper account of missing 332 out of the 836 recovered real
estate property as of March, 2018.

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