Suspended acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu is said to have acquired a property in Dubai for N573m by proxy.

A presidential panel initially set up before the presently constituted one led by Justice Ayo Salami made this discovery, according to News Agency of Nigeria, NAN.

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The proxy, the report said, was one unknown quantity by the name, Pastor Omale, who it was alleged Magu was using to launder money.

The panel also found the embattled anti-graft czar guilty of diverting to personal use bank interests accrued from seized funds.

The committee in question was said to have been headed by Alhaji Abdullahi Ibrahim, Justice Minister in the regime of General Abdulsalam Abubakar.

Their report was said to have informed the decision of the presidency to set up another panel in the form of that of Justice Salami.

Quoting the report, NAN wrote: “Failure to report on the interest on actual lodgements clearly establishes that the interest element of over N550bn has been re-looted relating to the period under review.

“This is an apparent case of manipulation of data in a very brazen and unprofessional manner and this has greatly eroded the public confidence in the anti-corruption efforts.”