Presidency has suspended Ibrahim Magu as the acting chairman of the Economic and Financial Crimes Commission (EFCC).
This development comes a day after he was arrested and detained by security operatives in Abuja.
According to SaharaReporters, Magu has been suspended pending when a decision will be taken on him.
Magu spent the night in a police cell at the Force Criminal Investigation Department (FCID) Headquarters in Abuja after appearing before a panel probing allegations of gross misconduct and relooting of recovered funds levelled against him.
He was grilled for six-hour by a presidential panel, chaired by Justice Ayo Salami, a former president of the Court of Appeal.
President Buhari reportedly set up the panel to probe various allegations levelled against Magu, following a petition by the Minister of Justice and Attorney General of the Federation, Abubakar Malami, and the Department of State Service (DSS).
As at the time of filing this report, the Presidency was yet to issue a formal statement on the issue.