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

Kano Hisbah Board destroys 30 trailer loads of beer worth N150 m

                                   The Kano State Hisbah Board has seized and destroyed 30 trailer loads of beer worth N150 million. In a statement released on Tuesday December 25th, the board’s Public Relations Officer, Adamu Yahaya, said that the cartons of beer were destroyed on Monday evening December 24th after interception at Kalebawa on Danbata Road in Dawakin Tofa area. “The Kano State Law No. 4 of 2004 has banned the manufacture and use of intoxicants in the state. Furthermore, an order was given by a magistrates’ court for us  to go ahead with the exercise,” the public relations officer said. The worth of a trailer load of beer is between N5.2 million and N5.5 million. The sale of beer and its consumption has been banned in Kano state.
Post a Comment
Read more

BANDIT GUNRUNNER ARRESTED

  Police in Zaria city arrested Bilyaminu Saidu 33years, a gun runner, bandit & logistics supplier. He was arrested with 4 AK-47 rifles, 344 rounds of live ammunition & one motorcycle. Bilyaminu is an indigene of Shuwaki village in Bakori LGA of Katsina state.
Post a Comment
Read more

Airline pilot was "sucked halfway out" when cockpit windshield broke

                              An airline pilot had a close brush with death when he was "sucked halfway out" of the plane after a cockpit windshield blew out. A Sichuan Airlines flight was forced to make an emergency landing on Monday and it was later reported that the reason for the emergency landing was because the cockpit windshield blew out and almost tossed the pilot out of the plane. But for his seat belt, he would have been sucked out completely. Captain Liu Chuanjian has been hailed as a hero on social media after having to land the Airbus A319 manually. He told the Chengdu Economic Daily his aircraft had just reached a cruising altitude of 32,000ft when a deafening sound tore through the cockpit. There was a sudden loss of pressure and drop in temperature. When he looked over, the right windshield was gone....
Post a Comment
Read more