Mr. Magu is the Chairman of the Economic and Financial Crimes Commission. The Senate on Thursday refused to confirm his appointment after leaving the matter pending for five months.
In a wide-ranging interview published in the current edition of The Interview, Mr. Sagay said, “whether they like it or not, he (Magu) will be there. His chairmanship will keep on being renewed.
“Since Nuhu Ribadu left, we have not had a man with such sterling qualities as Ibrahim Magu and whether they like it or not, Magu will be there until he completes his term under the law.”
The EFCC chairman has a four-year tenure. From the EFCC Act, non-confirmation does not impair his duties.
A statement by the MD/Editor-In-Chief, Azu Ishiekwene, described the edition as “arguably the best kept secret in the anti-corruption war.”
The Senate said it would not confirm Mr. Magu based on “security reports.”
No details were given.
In the interview conducted before Thursday’s confirmation hearing, Mr. Sagay said Mr. Magu’s delayed confirmation was “corruption fighting back.”
Also speaking on corruption in the judiciary, he said what retiring chief justices collect off the books is “frightening and totally unrelated to what the judiciary is entitled to.”
The National Judicial Council recently suspended seven justices of the Supreme Court on allegations of corruption and two of them have so far been arraigned.
Investigations by The Interview, which Mr. Sagay neither confirmed nor denied, indicated that the NJC pays retiring justices up to N800m in cash and provides a house valued at N500m, off the books.
The practice started around 2010 and virtually all retired CJs have benefited from it.
“Something very serious is happening there,” Sagay said. “Those rumours have some basis.”
He also spoke on the acting appointment of the current Chief Justice Walter Onnoghen; the perpetual injunction from arrest or investigation granted to former Rivers State Governor, Peter Odili; his relationship with Transport Minister, Rotimi Amaechi; and President Muhammadu Buhari’s fight against corruption.
In the edition also, the Chairman of the House of Representatives Committee on Financial Crimes, Kayode Oladele, said the wrong public perception of lawmakers was based on insufficient information, saying there were victims of public ignorance.
He spoke on the future of the fight against corruption and the efforts of his committee to restore Nigeria as a full member of the Financial Action Task Force.
The end-of-year edition also contained some of the inside story in the making of Daily Trust newspapers by its former Managing Director, Isiaq Ajibola, and an interview with the current African champion of table tennis, Funke Oshonaike.