N9.9bn Fraud: Only N300m Remains In Lagos’ Three Accounts – EFCC - |Ads4naira Blog|

N9.9bn Fraud: Only N300m Remains In Lagos’ Three Accounts – EFCC

The Economic and Financial Crimes Commission,
EFCC, has disclosed that only N300 million
remained in the three accounts operated by the
Lagos State Government which the court ordered
the commission to freeze on Tuesday.
Justice Chuka Obiozor of the Federal High Court,
in Ikoyi, Lagos, had on Tuesday ordered the
freezing of the sum of three accounts belonging
to the Lagos State government over alleged N9.9
billion fraud.
The alleged fraud was committed under the
administration of immediate past Governor of the
State, Akinwunmi Ambode.
The funds are domiciled in First City Monument
Bank, FCMB, account number 5617984012;
Access Bank account number 0060949275 and
Zenith Bank account number 1011691254,
However, the EFCC disclosed that only about
N300 million were now left in the three accounts
as N9.6 billion had been allegedly stolen.
In Tuesday’s ruling, Justice Obiozor order EFCC
to do the needful following an ex-parte
application filed by the anti-crime agency.
The EFCC had prayed the court to freeze the
account pending the conclusion of investigation
and possible prosecution of Adewale Adesanya,
the Permanent Secretary in the Office of the Chief
of Staff to former Governor Akinwunmi Ambode.
The applicant, EFCC, in an affidavit deposed to by
Kungmi Daniel, an operative of the Commission,
stated that there was “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 the immediate
past governor of the state, Akinwunmi Ambode,
and operated by Adesanya.
It was further stated that the schedule of the
FCMB account showed how Adesanya and 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.
In his submission, counsel to the EFCC,
Mohammed Abbas, said “The trend in the account
is that the account always witnessed huge inflow
from Lagos State Government in the above
scheduled accounts managed by the respondent
Abbas, therefore, prayed the court to grant an
order to temporarily attach and take over the
accounts to enable it 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,” he
further told the court.
Consequently, Justice Obiozor granted the prayers
of the counsel to the Commission.
The Judge adjourned further proceedings to
September 9, 2019.

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