Court Okays EFCC Request To Freeze Bauchi State Account - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
August 6, 2019
The FederalHigh Court Abuja has granted the Economic and Financial Crimes Commission,EFCC’s prayer to freeze the First City Monument Bank, FCMB’s of the BauchiState government.
The EFCC,through his Counsel, Abubakar Aliyu, in an Exparte Order sought the order ofthe Court to freeze the account pending the conclusion of the on-going investigationby the commission.
The stategovernment presently has about eleven billion naira in the bank account.
Thepresiding judge, Justice Taiwo Taiwo of ordered the EFCC to withintwenty-one-days, notify the respondents; the Bauchi State government and the FCMBabout the Court’s decision.
The Judge,however, adjourned further hearing until September 3rd.
Earlier,counsel to the EFCC told the Judge that the commission was investigating amoney-laundering case in which the account featured prominently. He said manynon-existent companies were used to transfer funds from the account.