*Seek forfeiture Orders on them, prosecute suspects in the case
As the plans are entering final gears for the release of the second tranche of the Paris Club monies, it is certain that two of the nation’s governors may be forfeiting the sums of $3m and N500million respectively. The Economic and Financial Crimes Commission (EFCC) may seek for the forfeiture through the courts.
It would be recalled that www.gongnews.net had reported how the Economic and Financial Crimes Commission (EFCC) had gone out to ‘arrest’ the monies which the governors had pilfered from their states.
The anti-graft agency according to sources may be approaching a court to secure an interim Order of forfeiture of the said monies linked to the two governors.
Our source disclosed that, though there has been heavy pressure to ‘die the matter’ but the agency has already concluded to drag the two suspects in the matter to court for trial in connection with the $3 million. The money was allegedly laundered through a member of the House of Representatives and his brother.
One of the two suspects own an investment company where the money was domiciled for safe keeping to avoid prying eyes.
The second governor, a major funder of the Senate campaign to yank out the acting EFCC Chairman, is said to have laundered N500 million, through a consultancy company.
Investigations revealed that the EFCC was set to lay the facts of its probe of the London-Paris Club refunds which have matured for legal action before the court.
It should be noted that the Presidency had already released N1.266.44 trillion to the 36 states in the past one year, including the N713.70 billion special intervention funds to states.
The refund had been delayed because of the huge sum of money being laundered out of it. EFCC was able to track $3 million and N500 million respectively to two of the governors.
“Many suspects in this matter have appeared before our investigative team and made confessional statements. There has been many high networth lobby for the matter to be killed but there has also been promise to allow due process. The law must be allowed to take its course.
“So far, the two suspects will face trial on the alleged laundering of $3 million from the London-Paris Club refund for a governor. The House of Representatives member who was named had gone underground. He and his younger brother were implicated on how the cash was laundered through an investment company.
“As for the N500 million, the governor has been desperate to avoid being named publicly and to also shield his fronts from being prosecuted. It was out of desperation that the governor allegedly bankrolled a protest march against the Acting EFCC Chairman, Mr. Ibrahim Magu, by engaging an amorphous group called Global Centre for Conscious Living Against Corruption (GLOCCOLAC).
“Our detectives are already probing how the governor funded the protest. The cash was openly shared in front of a posh hotel in Abuja with evidence obtained by our detectives.
“The governor was also sighted at a building near the hotel from where he monitored the protest march. Despite the fact that he disguised, intelligence picked him up.
“The building where he stayed is not far from EFCC’s office, and it is located near a new complex where electrical fittings are sold. All these places are within the vicinity of the headquarters of the EFCC.”
“We will apply for the forfeiture of the $3 million and N500 million in order to return them to the treasury. These are public funds allegedly laundered.”