The Justice Ayo Salami-led Presidential panel asked him to account for 380 houses and seven vessels loaded with crude oil.
The probe panel also grilled on him on the disposal of assets worth N37 billion.
Magu is being grilled, following allegations raised against him by Attorney-General of the Federation and Minister of Justice, Abubakar Malami(SAN).
The panel started quizzing Magu on Monday after his arrest by detectives in Abuja. On Tuesday, he was grilled on cash discrepancies said to be N539 billion realised from the sale of seized assets and N504 billion declared by the commission.
Both issues are part of the over 20 allegations levelled against the anti-graft agency chairman by the AGF. Magu is said to be shocked by some of the findings.
His family members have been allowed to visit him at the police cell where he's held at the Force CID, Abuja.
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