Lagos State Bank Accounts Freeze By Court Order Over N9.9BN Fraud

The Federal High Court in Lagos has granted the application by the Economic and Financial Crimes Commission (EFCC) to freeze three bank accounts, which have been linked to the Lagos State Government.

Justice Chuka Obiozor made the order on Tuesday, following an ex parte application by the EFCC over alleged N9.9BN fraud.

The EFCC, which was conducting an investigation on the bank accounts, which are linked to Adewale Adesanya, the former Permanent Secretary in the Office of the Chief of Staff to former Governor Akinwunmi Ambode’. They produced an affidavit filed in support of the ex parte application, by a member of the EFCC investigating team, Kungmi Daniel, who said the commission discovered “a huge inflow of N9,927,714,443.29” from the state accounts into a bank account opened on September 17, 2018, during the administration of former Governor Ambode and operated by Adesanya.

He also alleged that the schedule of the account showed how Adesanya and the other signatories to the account made fraudulent transfers, from the accounts of the Lagos State Government and dissipated the funds housed in the said accounts.

“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 (Adesanya),” the investigator said.

He said that immediately they got the intelligence report, the EFCC analysed it and found it worthy of investigation. And so they believed that a temporary court order, will enable their investigations to be concluded effectively.

“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 the submissions of the EFCC lawyer, Mohammed Abbas, Justice Obiozor granted the application and adjourned until September 9.

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