Court freezes N9.9bn accounts linked to Ambode


A Federal High Court sitting in Lagos has frozen three bank accounts belonging to the Lagos State Government over an alleged N9.9bn fraud.

The freezing order of the accounts domiciled in First City Monument Bank, Access Bank and Zenith Bank was handed down on Tuesday by Justice Chuka Obiozor at the request of the Economic and Financial Crimes Commission, EFCC.

The EFCC had in an ex parte application, prayed the judge to freeze the accounts pending the conclusion of investigations and possible prosecution of the Permanent Secretary in the Office of the Chief of Staff to the Governor of Lagos State, Adewale Adesanya, for money laundering.

The accounts were alleged to have been used by ex-governor Akinwunmi Ambode in the twilight of his government as a conduit to perpetrate fraud.

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