This follows the removal today by the government of Ibrahim Lamorde, who had held that position since 2011.
Magu is remembered as a no-nonsense investigator of the commission at its inception.
He was removed along with several other key officials by Farida Waziri when she became chairman in 2008.
Mr Ibrahim Mustafa Magu
The statement is official confirmation that Mr. Lamorde whose tenure expires in
February has been removed from the EFCC by President Buhari today.
Mr. Magu, an Assistant Commissioner of Police, takes over from Mr. Ibrahim Lamorde,
who was fired earlier today.
The statement said Mr. Lamorde who got the job in 2011, would proceed on terminal
leave ahead of the formal expiration of his tenure next February.
Mr. Lamorde is currently being investigated by the Senate, accused by a petitioner of
diverting about N1trn in proceeds of corruption recovered by the commission.
Last month, the federal Ministry of Justice directed the Economic and Financial Crimes
Commission to investigate the allegation that Mr. Lamorde diverted the funds.
He has denied all the allegations.
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