By Adedapo Adesanya The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, has been reportedly arrested. It was reported that Mr Magu was apprehended on Monday afternoon by officials of the Department of State Services (DSS). According to reports, the anti-money laundering agency chief was picked up by the nation's secret police at the Wuse II office of the EFCC in Abuja, Monday afternoon. The convoy he was in was stopped by armed security agents and was taken away after arguments between the various security officials present, including those of Mr Magu, a report by Premium Times disclosed. He was promptly driven to the Aso Villa where it is suspected he would appear before a panel set up by President Muhammadu Buhari to review allegations against him by the Attorney-General of the Federation (AGF), Mr Abubakar Malami. Mr Malami had reportedly accused Mr Magu of insubordination and re-looting some recovered funds from some corrupt government officials. Certain sources say the arrest was over allegations that he owns four properties and that he was also transferring funds abroad through a third party. However, there has been no official correspondence from both the DSS and the EFCC on the matter as at the time of this report. * This is a developing story.