EFCC freezes N6.4bn account linked to ex-minister
EFCC Politics, Headlines Monday, April 18th, 2011
The Economic and Financial Crimes Commission has frozen an account of N6.4bn operated by a company linked to former Minister of Works, Dr. Hassan Lawal, over an alleged fraud.
The account operated in a new generation bank by Digital Tolls Limited was frozen on Monday April 18, on the instruction of the EFCC Chairman, Farida Waziri, following the discovery that about N10bn was paid into the company’s account by the former works minister for the construction of a bridge across River Benue, in Bagana, Benue State.
The contract was said to have been awarded to the company and the full contract sum paid when the company was yet to be registered as a legal entity.
The ex-minister and others linked to the scam are expected to be arraigned in court on charges of corruption, money laundering and criminal conspiracy
EFCC spokesman, Femi Babafemi, confirmed the arrest, but declined to give details.
The minister was a few weeks ago arrested and interrogated over the incident and was released on bail.
-Punchwp_posts
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on Apr 18 2011. Filed under EFCC Politics, Headlines.
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