EFCC: Court⚖ Grants Request to Freeze 🚫 Bauchi State Govt’s Account
Justice Taiwo Taiwo of the Federal High Court Abuja, on Monday, granted the Economic and Financial Crimes Commission (EFCC)’s request to freeze the First City Monument Bank (FCMB)’s Operational Account number: 0998552074 of the Bauchi State government.
The EFCC, through his Counsel, Mr Abubakar Aliyu, in an Exparte Order with file number: FHC/ABJ/CS/858/2019, sought the order of the court to freeze the account pending the conclusion of the ongoing investigation by the commission.
The News Agency of Nigeria (NAN) reports the state government presently has about N11 billion (N11,500,000 000 00) in the bank account.
The judge ordered the EFCC to, within 21 days, notify the respondents; the Bauchi State government and the FCMB about the court’s decision.
However, the Judge adjourned further hearing until Sept. 3.
The EFCC counsel had earlier on told the judge that the commission was investigating a money laundering case in which the account featured prominently.
He said many non-existent companies were used to transfer funds from the account.
He said “My Lord, about N19.8 billion cheques were raised on the eve of transferring power to the new government for purportedly non-existent contracts and other grants.”
Justice Taiwo Taiwo of the Federal High Court Abuja, on Monday, granted the Economic and Financial Crimes Commission (EFCC)’s request to freeze the First City Monument Bank (FCMB)’s Operational Account number: 0998552074 of the Bauchi State government.
The EFCC, through his Counsel, Mr Abubakar Aliyu, in an Exparte Order with file number: FHC/ABJ/CS/858/2019, sought the order of the court to freeze the account pending the conclusion of the ongoing investigation by the commission.
The News Agency of Nigeria (NAN) reports the state government presently has about N11 billion (N11,500,000 000 00) in the bank account.
The judge ordered the EFCC to, within 21 days, notify the respondents; the Bauchi State government and the FCMB about the court’s decision.
However, the Judge adjourned further hearing until Sept. 3.
The EFCC counsel had earlier on told the judge that the commission was investigating a money laundering case in which the account featured prominently.
He said many non-existent companies were used to transfer funds from the account.
He said “My Lord, about N19.8 billion cheques were raised on the eve of transferring power to the new government for purportedly non-existent contracts and other grants.”
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