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Alleged N9.9bn fraud: Court freezes accounts linked to Ambode

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The Federal High Court in Lagos on Tuesday ordered the freezing of three bank accounts allegedly belonging to the Lagos State Government over an alleged  N9.9bn fraud.

The accounts domiciled in First City Monument Bank, Access Bank and Zenith Bank are numbered 5617984012, 0060949275 and 1011691254, respectively.

Justice Chuka Obiozor ordered the “suspension” of the accounts following an ex parte application by the Economic and Financial Crimes Commission.

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The EFCC had prayed the judge to freeze the accounts pending the conclusion of investigations and possible prosecution of the Permanent Secretary in the Office of the Chief of Staff to the Governor of Lagos State, Adewale Adesanya, for money laundering.

In an affidavit filed in support of the ex parte application, a member of the EFCC investigating team, Kungmi Daniel, said the commission discovered “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 Akinwunmi Ambode administration operated by Adesanya.

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Daniel said the schedule of the FCMB 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  in the said accounts.

“The trend in the account is that the account always witnessed a huge inflow from Lagos State Government into the above scheduled accounts managed by the respondent (Adesanya),” the investigator said.

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He said upon the receipt of intelligence, the EFCC analysed it and found it worthy of investigation.

The EFCC prayed the court to grant them an order to temporarily take over the accounts to enable them  to conclude their investigations.