Ibrahim Lamorde has been removed relieved of his duties as the chairman of the Economic and Financial Crimes Commission (EFCC).
Lamorde had held that position since 2011.
According to Sahara Reporters report, he was replaced with Ibrahim Magu, a top level official of the Economic and Governance Unit of the EFCC.
Magu is remembered as a no-nonsense investigator of the commission at its inception. He had been removed along with several other key officials by Farida Waziri when she became chairman in 2008.
The sacked EFCC boss had met behind closed-doors with the President shortly after he inaugurated the new National Chairman of the Independent National Electoral Commission, Prof. Mahmood Yakubu, and five national commissioners.
Lamorde did not speak with reporters at the end of the encounter.
Lamorde is currently being investigated over allegations of diversion of over N1trillion from the sale of confiscated properties belonging to convicted public officials including former governor of Bayelsa State, Diepreye Alamieyesiegha and former Inspector-General of Police, Tafa Balogun, among many others.
The decision to probe him was said to have been taken after one George Uboh appeared before the Senate Committee on Ethics, Privileges and Public Petitions on August 23 where he alleged that Lamorde dipped his hands into the said funds.
At the time of this report, the Presidency had yet to give an official statement with respect to the development.