The panel established to investigate allegations of corruption and abuse of office against suspended Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, will submit its findings to President Muhammadu Buhari on Friday in Abuja.

The panel headed by a retired justice and President of the Appeal Court, Ayo Salami, was inaugurated by Buhari in July to deliver on the assignment with a period of 45 days but that timeframe was extended further after the panel requested more time.

However, after over three months, the panel will finally submit its report to the President on Friday.

Attorney-General of the Federation and main accuser of Magu, Abubakar Malami, had in a series of letters to President Buhari accused Magu of financial misappropriation, acquiring a property in Dubai, United Arab Emirates, and failing to protect the interest of Nigeria in the $9.6bn Process and Industrial Developments Limited case in a London court.

Relying on the report, President Buhari suspended Magu in July after which he was arrested and put in detention for several days before his release on bail.