The Justice Ayo Salami-led Presidential panel, which is probing the suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has re-opened the case of a former Inspector-General of Police, Tafa Balogun, who was convicted in 2005 on eight charges of corruption.

The panel, it was learnt, had invited a former Assistant General Manager and head of the Abuja branch of the defunct Fountain Trust Bank, Mr Francis Ajala, who was declared wanted by the EFCC for being Tafa’s accomplice.

The statement declaring Ajala wanted which was signed by the then spokesman for the EFCC, Osita Nwaja, read in part, “Name: Francis Olugbenga Ajala; Age: 43; State of origin:  Illesha, Osun State; Last Known Address: Fountain Trust Bank. He was until recently an Assistant General manager and Head of Abuja branch of Fountain Trust Bank, Nigeria

“He is wanted for questioning over allegations of conspiracy, stealing, official corruption and money laundering. Monetary reward awaits whoever gives any useful information that leads to his arrest.”

A top source at the panel told UGAMATV  that Ajala claimed that some of the properties seized by the EFCC and labelled as belonging to Tafa actually belonged to him.

He said, “The panel invited Ajala, who was declared wanted by the EFCC in 2008 and has not yet been cleared of all allegations. Ajala said some properties in Ikoyi and Victoria Island which were seized from Tafa actually belong to him.”

It was learnt that the Salami-led panel had opened investigations into some cases handled by Magu dating back to 2004.

Magu, it was learnt, played an active role in the probe of Tafa and seizure of assets when he was in the Economic Governance Unit of the commission.

Among the houses that were seized from Tafa were a block of six (no.) three-bedroom flats located at No. 9, Olusegun Aina Street, Park View Estate, Ikoyi, Lagos State; five-bedroom detached house plus boys quarters at Plot J54B, Victoria Garden City, Ajah, Lagos and a six-bedroom detached house + club house + guest chalet + boys quarters situated at No. 12, Ikoyi Crescent, Lagos.