EFCC Secures Freezing Order on Accounts Linked to Ex-Gov. Ambode over Alleged N9.9bn Fraud

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EFCC Secures Freezing Order on Accounts Linked to Ex-Gov. Ambode over Alleged N9.9bn Fraud

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Justice Chuka Obiozor of the Federal High Court sitting in Ikoyi, Lagos, on Tuesday, August 6, 2019, ordered the freezing of the sum of N9.9bn belonging to the Lagos State government.

 

The funds are domiciled in First City Monument Bank, FCMB, account number 5617984012; Access Bank account number 0060949275 Zenith Bank account number 1011691254, respectively.

Justice Chuka Obiozor gave the order, following an ex-parte application filed the Economic Financial Crimes Commission, EFCC.

The EFCC had prayed the court to freeze the account pending the conclusion of investigation 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 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, operated Adesanya.

It was further stated that the schedule of the FCMB account showed how Adesanya other signatories to the account made fraudulent transfer from the accounts of the Lagos State Government 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 the respondent (Adesanya)”.

Abbas, therefore, prayed the court to grant an order to temporarily attach take over the accounts to enable it conclude its investigations.

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

“Without freezing the nominated accounts 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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