Monday, July 4, 2016

EFCC probes illegal transfer of N216.7m from CBN to fake account

THE Economic and Fi­nancial and Crimes Com­mission (EFCC) has com­menced investigation into how a syndicate succeeded in transferring the sum of N216.66 million from the Central Bank of Nige­ria (CBN) account of the Federal Inland Revenue Services (FIRS) into an il­legal account opened in the name of a company using the Awolowo Road, Ikoyi, Lagos branch of a new gen­eration bank.

EFCC is not only prob­ing the illegal transfer, the anti graft agency would also look into the role of the Police High Command in handling the petition earlier sent to it by the real owner of the Ibadan based company, Citadel Concepts Limited, whose company name was used to open the illegal account.



The company’s Managing Director, Mr Joseph Benja­min discovered the infrac­tion when he went to rec­oncile his account with the FIRS and was subsequent­ly, invited by the police to unravel how his company opened an unauthorised account.

Not satisfied with the police investigation which turned the table against him, Benjamin forwarded a petition to the office of Vice President, Profes­sor Yemi Osibanjo who directed Acting EFCC Chairman, Ibrahim Magu, to look into the matter.

A source at the commis­sion confirmed to Daily Sun that several people connected with the open­ing and operation of the account have been interro­gated, even though investi­gation is ongoing.

Daily Sun also gathered at the weekend that inter­rogators from EFCC have obtained documents from the affected bank men­tioned in the petition, the Corporate Affairs Com­mission, the three compa­nies connected with the fraud, the CBN and FIRS.

Another source said many officials of these or­ganisations were quizzed while forensic analysis of specimen of signatures used in opening the ac­count has been carried out.

The role of the police in an earlier petition to the office of the Inspector General of Police is also under scrutiny as a result of allegations made against the police in the cause of investigations by the com­mission.

For instance, part of the document submitted to the EFFC for investigation was to unravel why the police declined requests for the release of the case file to the Lagos State Di­rectorate of Public Pros­ecution and the trial of the petitioner for false in­formation under the penal code.

The anti graft agency would also unravel how far the police has gone in the arrest and interrogation of some highly placed people mentioned in the petition sent to it.

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