The President , Major General Muhammadu Buhari (retd . ) , has suspended the acting chairman of the Economic and Financial Crimes Commission , Ibrahim Magu , according to reports .

Buhari had earlier set up a presidential panel headed by Justice Ayo Salami to probe the various allegations leveled against the EFCC boss .

The panel grilled Magu for hours on Monday at the Presidential Villa , Abuja before he was taken into police custody.

A source privy to the investigation confirmed Magu ’ s suspension to The PUNCH .

The source said , “It is commonsensical that when an investigation of this nature is ongoing , you don ’ t allow the person being investigated to keep the keys of the office for which he is being investigated .

“ This is because if he keeps the keys , there can be a kind of tampering with documents or evidence.

“ It is not logical and it is even undemocratic to allow such to happen. ”

The Presidency has yet to issue a formal statement on the issue as of the time of filing this report .

The presidential panel has however resumed sitting at the Presidential Villa , Abuja.

Punch