Posted by Written by Kingsley Omonobi on
The Economic and Financial Crimes Commission (EFCC), has frozen one of the accounts of the Rivers State government in a high profile bank over alleged money laundering.
The Economic and Financial Crimes Commission (EFCC), has frozen one of the accounts of the Rivers State government in a high profile bank over alleged money laundering.
Very reliable sources told Vanguard that a top official of the state government (name withheld) whose account was allegedly used for illegal transfers and payments running to several hundreds of millions of naira, is also wanted by the EFCC to come and explain how he came about the huge amounts in his accounts.
According to EFCC sources the official's account which was opened in his name, was later converted into an account of the state government against public fiscal regulations and EFCC found out that huge sums like N50million, N100million, N200million and N300million, were at several times lodged into the account and that these monies disappeared at some point without records of what they were used for.
Asked how the EFCC came to know about the developments, sources said some concerned indigenes of Rivers State petitioned EFCC about huge transfers of money for fraudulent purposes and that the monies were being moved by the official.