Skip to main content

EFCC FREEZES N905M ($2.51M) IN SUSPECTED SLUSH ACCOUNT

The Economic and Financial Crimes Commission (EFCC) has frozen about N905, 941,696.87 ($2,510,000.00) in an account traced to a sole proprietorship company Rivlink International.
The huge inflows into the suspected slush account allegedly came from the Rivers State Environmental Sanitation Authority
The owner of the company, Christian Robinson, is deceased.
A man, Kenneth Koroma, made futile attempts to withdraw the cash.
A source said: “The EFCC received an intelligence report on November 2 alleging that a sole proprietorship firm, Rivlink International, had huge inflows from the Rivers State Environmental Sanitation Authority in an account with a new generation bank. The said account had a closing balance of N905, 941,696.87.
The company was registered in 2000 using a fictitious name of one Christian Robinson. But the account was opened in 2001 as sole proprietorship with Mr. Christian Robinson as the sole proprietor.
“He, however, appointed Mr. Kenneth Koroma as the sole signatory to the account for the purpose of money laundering.
“Covert intelligence revealed that the sole proprietor, Christian Robinson, is deceased and the trustee, Kenneth Koroma, has been making frantic efforts to withdraw the funds, which had been on fixed deposit.
“Sometimes in June 2017, Koroma wrote the bank requesting it to liquidate the fixed deposit and transfer the balance to an account number 0037907856 of a company, OLF Enterprise, also operated by him.
“Unknown to Koroma, the proprietor had changed him as a signatory to Rivlink International’s account before he died.
“The bank insisted that it could not release the N905m ($2.51)to Koroma because he had ceased to be the sole signatory to the account of Rivlink International. Relevant documents were shown to him on how the owner of the company effected the change of signatory.”
Another source said: “Following intelligence report and an alarm by the bank, EFCC detectives decided to trace the inflows into the company’s account.
“We discovered that the inflows were coming in bits into the account of Rivlink over the years from the sanitation agency without any evidence of contracts carried out.
“We are suspecting the account to be a slush type which cannot be operated again because the sole proprietor is dead.
“Further inquiry to ascertain the legitimacy or otherwise of the said funds is in progress. However, the EFCC has obtained a Freeze Order from the court pending the outcome of ongoing investigation.”
The source added: “Certainly, if we were able to establish that the cash was a product of money laundering from the coffers of Rivers State Government, it will be forfeited and we may have to recover it for the state.”

Comments

Post a Comment

Popular posts from this blog

Inspector shot as police arrest three cult members

The suspects The Bayelsa State Police Command has arrested three suspected cult members in Yenegwe, in the Yenagoa area of the state. The suspects – Godstime Atiburuzi, 21; Righteous Bonnafor, 20, and Godgift Ebi, 18– said to be ringleaders of the Bobos cult, were reportedly apprehended by detectives attached to the Igbogene Police Division. PUNCH Metro learnt that in the course of the arrests, Atiburuzi, who wanted to escape, shot the police inspector who led the team in the hand. The inspector was said to have survived the attack and was admitted to an undisclosed hospital where he was being treated. A source said the suspects had been on the police wanted list for a long time, adding that while Atiburuzi was arrested on Monday, Bonafor and Ebi were apprehended on Tuesday. The source explained that the police, in a renewed effort to clamp down on suspected cult members in the state, had intensified operations on ringleaders of cul...
Post a Comment
Read more

Pupil poses in front of his "Shopping Complex" in Kano

  In photos posted on Facebook, a primary school pupil identified as Ismail Yusuf is seen posing in front of his "shopping Complex" in Rano Town, Kano State.   It was gathered that the little boy opened the small shop with money and goods contributed by well meaning Nigerians after he was spotted selling seasonings in a carton.     The young boy had expressed interest in starting a business in order to help his family.   See  more photos below...     
Post a Comment
Read more

Skripal Case: Russia Says UK’s Presentation Resembles One Made By Primary School Children

Russia Flag The presentation on the Skripal case given to foreign diplomats at a briefing in the UK Embassy in Moscow looks like a presentation made by primary school children, Russian Foreign Ministry’s spokeswoman Maria Zakharova said on Thursday. Russia’s Kommersant newspaper reported on Tuesday that it had obtained the PowerPoint presentation that was shown at the briefing in the UK embassy, which took place on March 22. The presentation, which was not provided to Russian officials, said that London had “no doubt that Russia is responsible” for the March 4 poisoning attack on former Russian double agent Sergei Skripal and his daughter in the UK city of Salisbury, but offered no new evidence to support these claims. The briefing took place days before more than 25 countries expelled over 150 Russian diplomats in connection with the poisoning of the Skripals. “Of course, it is shocking. It looks like pictures for children … This is the presentation, which resembles one made ...
Post a Comment
Read more