Court Freezes Accounts Linked to Ambode, as EFCC Investigates N9.9BN Fraud

A Lagos Division of the Federal High Court on Tuesday ordered the freezing of three bank accounts allegedly linked to the Lagos State government and former governor, Akinwunmi Ambode, over an alleged N9.9 billion fraud.

Chuka Obiozor, the judge, ordered the temporary freezing of the accounts, domiciled in Zenith Bank, Access Bank, and First City Monument Bank, following an exparte application brought by the Economic and Financial Crimes Commission.

According to the EFCC, N9.9 billion was paid from the state government’s accounts into the FCMB account opened on September 17, 2018, and operated by Adewale Adesanya, the permanent secretary in the Office of the Chief of Staff to Mr Ambode.

The anti-graft commission urged the court to freeze the account pending the conclusion of their investigation and possible prosecution of Mr Adesanya.