[size=13pt]N7bn scam: EFCC storms Lagos over Speaker’s assets[/size]

Indications emerged on Saturday that the Economic and Financial Crimes Commission may go after the assets of the embattled Speaker of the Lagos State House of Assembly, Mr. Adeyemi Ikuforiji, over an alleged N7bn scam.


They include automobiles in his auto shop, Brown Motors, located on Mobolaji Bank Anthony Way in Ikeja, Lagos.


It was not clear if the Speaker was granted bail but EFCC operatives were said to have stormed Lagos in search of his properties.


Unconfirmed reports alleged that all the vehicles on display for sale, including exotic and very expensive automobiles have been moved to an unknown destination.


The commission’s operatives were said to be combing the entire state to uncover the secret location of the vehicles.


Efforts to reach the spokesperson of the EFCC, Mr. Femi Babafemi, on Saturday night proved abortive as his mobile phone was switched off.


But a source in the commission told SUNDAY PUNCH that investigation was still on.


As at Saturday night, there were also speculations that the travel documents of Ikuforiji may be seized, pending when he is cleared.


The embattled Speaker was questioned on Friday in Abuja by EFCC operatives.


This was said to have been sequel to petitions written against him by a civil rights group, Kick Against Corruption and Nigeria Anti-Corruption Vanguard alleging that the Speaker mismanaged N7bn running cost in 12 months.


In the petition by KAC, signed by one Mr. Olawale Williams, the group had, among other things, alleged that the lawmaker diverted the money and laundered it abroad through an automobile firm, Brown Motors, allegedly owned by him.


A copy of the petition stated in part, “The initial monthly running cost of the House in 1999 was put at N20m and later jerked up to N40m before the end of the Bola Tinubu administration. This amount the Babatunde Fashola regime also increased to N60m. The cost had, however, been moved up to N500m monthly in 2010 by the House of Assembly.


“This was passed into law and made a first line charge so that the amount can be deducted directly from the state revenue account without any recourse to the executive and has been collecting this huge sum without any corresponding impact on the lives of members or their duties.”

http://www.punchng.com/Articl.aspx?theartic=Art201109046565732

A copy of the petition stated in part, “The initial monthly running cost of the House in 1999 was put at N20m and later jerked up to N40m before the end of the Bola Tinubu administration. This amount the Babatunde Fashola regime also increased to N60m. The cost had, however, been moved up to N500m monthly in 2010 by the House of Assembly.

“This was passed into law and made a first line charge so that the amount can be deducted directly from the state revenue account without any recourse to the executive and has been collecting this huge sum without any corresponding impact on the lives of members or their duties.”

This is staggering corruption! Its just bloody incredible!

The truth is that ACN is the most corrupt political party in Nigeria.
What is Fashola waiting for to build a big hospital in Lagos state?
Damn.

ACN is corrupt, Tinubu, Fashola et all it's just a matter of time before they all get exposed.

www.nairaland.com/attachments/518316_IkuforijiNinjaThief_jpgd221a96311b1a89c01821b803d551a9c

All PDP paid ediots are here commenting over fraud. Small time we go hia how much dem give BAT for last presidential election plus all the jollificate and a constant ride with the presidential jet. Lol

Drug baron consorting with we presido kai! PDP ediots no get shame wallahi.

No single pine of blood in the national hospital, donors had to be called upon via radio & TV medium to assist the victims of Abuja Bombing. Pathetically, the critically injured was flown to South Africa for "Normal" emergency treatment.

That was the blessing of 12 years PDP good governance.

Yet the shameless goons are here celebrating crimes. Anywayz. Na there way, even the oga pata pata sent 2 serving ministers to rejoice with Bode Goerge after his release from prision. What a shame.

A copy of the petition stated in part, “The initial monthly running cost of the House in 1999 was put at N20m and later jerked up to N40m before the end of the Bola Tinubu administrationThis amount the Babatunde Fashola regime also increased to N60m. The cost had, however, been moved up to N500m monthly in 2010 by the House of Assembly.


“This was passed into law and made a first line charge so that the amount can be deducted directly from the state revenue account without any recourse to the executive and has been collecting this huge sum without any corresponding impact on the lives of members or their duties.” .


So much for governance devoid of corruption

Tinubu and his gang of criminals masquerading as political office holders are the curse that Lagosians are grappling with