Court Freezes Three Lagos State Accounts Over Gigantic ‘9.9bn Fraud’

 

justice

A federal high court in Lagos has ordered the freezing of three bank accounts belonging to the Lagos state government over an alleged gigantic fraud of N9.9 billion.

Justice Chuka Obiozor ordered the freezing of the bank accounts following an ex parte application by the Economic and Financial Crimes Commission (EFCC).

The accounts are said to be domiciled in First City Monument Bank (FCMB), Access Bank, and Zenith Bank with numbers 5617984012, 0060949275 and 1011691254 respectively.

The EFCC had approached the court to suspend the accounts pending the conclusion of an investigation and possible money laundering prosecution of Adewale Adesanya, permanent secretary in the office of the chief of staff to the governor of the state.

According to Mr. Kungmi Daniel, a member of the EFCC investigating team, the anti-graft agency 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 Akinwunmi Ambode, former governor of the state.

He said the account was allegedly operated by Adesanya.

He said the schedule of the FCMB account showed how Adesanya and the other signatories to the account made “fraudulent transfers” from the accounts of the government and misspent the funds.

The EFCC analysed evidence gathered and found it worthy of investigation, he added.

“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 in its application to freeze the accounts.

The case was adjourned till August 9 for further proceedings.

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