Lagos State Government has found itself in serious trouble after its accounts was frozen by a court.
The Federal High Court in Lagos on Tuesday ordered the freezing
The three bank 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 bank accounts following an ex parte application by the Economic and Financial Crimes Commission.
The EFCC had prayed the judge to freeze the accounts pending
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 administration of former governor Akinwunmi Ambode and operated by Adesanya. Daniel said the schedule of the FCMB account showed how
“The trend in the account is that the account always
He said upon the receipt of intelligence, the EFCC analysed it and found it worthy of investigation. The EFCC prayed the court to grant it 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.“Without freezing the nominated accounts and
After listening to submission by the EFCC lawyer, Mohammed Abbas, Justice Obiozor granted the prayers. He adjourned further proceedings in the matter till August 9, 2019.