Ibrahim Magu acting chairman of the Economic and Financial Crimes Commission have been suspended by the presidency following an alleged corruption allegations against him.

Magu was arrested on Monday and detained at the FCID in Area 10, Abuja after which a source in the presidency disclose that Magu has been suspended pending when a decision will be taken on him.

He was arrested on Monday by a combined team of Department of State Services personnel and policemen at the WUSE 11 Office.