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EFCC: We have secured Court Order to “freeze accounts linked to Ambode over alleged N9.9bn Fraud



A Federal High Court in Lagos on Tuesday, ordered the freezing of three bank accounts belonging to the Lagos State Government as the Economic and Financial Crimes Commission (EFCC) investigates a N9.9bn fraud.

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

According to the EFCC, it was  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.

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 Ambode.

The EFCC claims 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.

1 Comment

  1. by_stander

    August 8, 2019 at 12:22 pm

    LOL – Accountants

    They should just change the name of Nigeria to “Federal Republic Show Of Lawyers And Accountants In A Grand Rent-Seeking Pyramid Scheme.”

    These guys have screwed us right from time and they will continue to screw generations to come, if you continue to put them in positions of authority.

    their professions are completely outdated they offer nothing to man-kind apart from the problems they create, they just exist now to infringe on your inalienable rights.

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