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.