BREAKING NEWS
Breaking

728x90

468x60

Court freezes three Lagos Govt accounts over N9.9bn fraud




The Federal High Court in Lagos on Tuesday ordered the Economic and Financial Crimes Commission, EFCC, to freeze three bank accounts said to belong to the Lagos State Government over an alleged fraud of N9.9 billion.

The three bank accounts, domiciled in First City Monument Bank, Access Bank, and Zenith Bank, are numbered 5617984012, 0060949275 and 1011691254, respectively.

Justice Chuka Obiozor ordered the “suspension” of the bank accounts following an ex-parte application by the Economic and Financial Crimes Commission.
The EFCC had prayed the judge to freeze the account pending the conclusion of investigation and possible prosecution of the Permanent Secretary in the Office of the Chief of Staff to former Governor Akinwunmi Ambode, Adewale Adesanya.

According to an ex-parte application, a member of the EFCC investigating team, Kungmi Daniel, said the commission discovered “a huge inflow of N9,927,714,443.29” from the state accounts into an FCMB bank account opened on September 17, 2018 during the administration of former governor Akinwunmi Ambode and operated by Adesanya.
He stated that the schedule of the FCMB account showed how Adesanya and the other signatories to the account made fraudulent transfer from the accounts of the Lagos State Government and dissipated the funds housed in the said accounts.
Daniel added that the trend in the account was that the account always witnessed huge inflow from Lagos State Government in the above scheduled accounts managed by the respondent (Adesanya), adding upon receipt of intelligence, the EFCC analysed it and found it worthy of investigation.
The EFCC prayed the court t grant it an order to temporarily attach and take over the accounts to enable it to conclude its investigations.

“There have been concerted efforts and attempts to dissipate the contents of the accounts listed in the schedule to this application.

“Without freezing the nominated accounts and temporarily forfeiting the money to the Government of the Federal Republic of Nigeria, there is no way the fraud being perpetrated using the scheduled accounts can be stopped,” the EFCC said.
After listening to submission by the EFCC lawyer, Mohammed Abbas, Justice Obiozor granted the prayers.
He adjourned further proceedings in the matter till August 9, 2019.

Click to signup for FREE news updates, latest information and hottest gists everyday


Advertise on NigerianEye.com to reach thousands of our daily users
« PREV
NEXT »

No comments

Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)

Advert Enquires - Reach out to us at NigerianEye@gmail.com