Security agents on Tuesday raided two Abuja houses belonging to Ibrahim Magu, the chairman of the Economic and Financial Crimes Commission and the EFCC suspended.
State security service officials and riot police raided Mr. Magu's private home in Kauru and his official residence in Maitama, Abuja.
President Muhammadu Buhari suspended Magu on Tuesday, according to several sources familiar with the case.
Mr. Magu was reported to have spent Monday night in a police cell at the Force Criminal Investigation Department headquarters in Area 10 in Abuja.
This was followed by a six-hour hearing by a presidential panel headed by Justice Ayush Salami, former chairman of the Court of Appeal.
The panel was set up by President Buhari to investigate various allegations against Magu following the petition of Justice and Attorney General of the Federation, Abu Bakar Malami, and the Department of State Services (DSS).
In the Malmi memorandum, Magu is accused of recovering the robbery.
The memorandum contained 22 allegations against the EFCC chairman
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