Nigeria Uncovers N8.4b Fraud Through Anonymous Whistle-Blower
A whistleblower has led the Nigerian government to a suspicious bank account, with no signatories, but where N8.4 billion was secretly kept.
A report today said some of the money has been converted into dollars and wired abroad but the Economic and Financial Crimes Commission has filed an ex parte motion to place it under temporary assets forfeiture.
A source involved in the investigation said: “A whistleblower alerted the Office of the Attorney-General of the Federation, leading to the involvement of the Nigerian Financial Intelligence Unit and the Economic and Financial Crimes Commission( EFCC) in the investigation.
“The probe of the account by detectives showed that the funds were routed through the account of a telecoms giant but there was no disclosure of the signatories to the account.
“Also, the list of depositors into the account was unknown but the sequence of deposits was tracked by detectives.”
The source confirmed that an ex -parte application had been filed at the Federal High Court 11 in Lagos, presided over by Justice Abdulazeez Anka, to recover the cash under temporary forfeiture.
The matter is coming up on March 3 for hearing.
The Federal Government has hired two lawyers, Mr. John Samuel Opeyemi and Mr. Oluwafemi O. Aweda, to recover the funds.
Another source also privy to the investigation said the probe so far indicated that the cash paid into the account could be over N10billlion.
The Minister of Information, Alh. Lai Mohammed, on February 12 said the whistleblower policy had started yielding fruits, with the recovery of $151 million and N8billion.
This he said excluded the $9.2 million in cash allegedly owned by a former Group Managing Director of the NNPC.