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27th January 2023
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N9.9bn Fraud: EFCC to freeze accounts linked to Ex-Gov Ambode

N9.9bn Fraud: EFCC to freeze accounts linked to Ex-Gov Ambode
N9.9bn Fraud: EFCC to freeze accounts linked to Ex-Gov Ambode

The Economica and Financial Crimes Commission (EFCC) has secured the order to freeze accounts linked to ex-gov Ambode, as the anti-graft agency on Tuesday 6th August 2019, before Justice Chuka Obiozor of the Federal High Court sitting in Ikoyi, Lagos, got the order to the freezing of the sum of three accounts belonging to the Lagos State government over alleged N9.9 billion fraud.

According to the EFCC, these three accounts linked to Ex-gov Ambode which allegedly had N9.9billion, are now left with just N300 million naira.

The funds were said to have been domiciled in First City Monument Bank, FCMB, account number 5617984012; Access Bank account number 0060949275 and Zenith Bank account number 1011691254, respectively.

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

The EFCC had prayed the court to freeze the account pending the conclusion of the investigation and possible prosecution of Adewale Adesanya, the Permanent Secretary in the Office of the Chief of Staff to former ex-gov 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 a 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 (Adesanya)”.

Abbas, therefore, prayed the court to grant 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.

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