Another of those ubiquitous whistles was blown on Tuesday revealing yet, another discovery by the Economic and Financial Crimes Commission, EFCC, of a staggering sum of N4 billion suspected to be proceeds of crime.
Preliminary investigations as to the owner of the funds revealed that the money belongs to a former deputy governorship candidate in Niger State.
The suspect uses the names of two companies– Katah Property & Investment Limited and Sadiq Air Travel Agency- in laundering the funds.
Each of the company has N2billion fixed in its deposit account domiciled in Guaranty Trust Bank.
The suspected owner of the account and the account officer are currently on the run.
Insiders at EFCC also informed that more revelations will be made in days to come because the agency is now working day and night scrutinizing accounts in banks – especially fixed monies in different accounts in different banks.
Said our EFCC source “there is no way we will not be interested in knowing the owner of huge sums of money sitting idle in banks. Anybody that can come forward to explain how he or she got the money and what the money is meant for will be allowed to go free.”
Packaged by Alice Egbedele
