Trillion Naira Fraud Petition Against EFCC Chairman,
Ibrahim Lamorde
Via Elomah.com
A searchlight on EFCC has shown that the Commission
has not only violated the provisions of its own extant
law and Financial Regulations but has descended into
the abyss of corruption and financial crimes.
The following verifiable facts are irrefutable:
His Excellency
The Senate President
National Assembly
8th Assembly
Federal Republic of Nigeria
Dear Sir,
PETITION AGAINST IBRAHIM LAMORDE, CHAIRMAN
EFCC FOR VARIOUS FRAUDULENT ACTS/OMISSIONS
AMOUNTING TO OVER ONE (1) TRILLION NAIRA
A searchlight on EFCC has shown that the Commission
has not only violated the provisions of its own extant
law and Financial Regulations but has descended into
the abyss of corruption and financial crimes. The
following verifiable facts are irrefutable:
EFCC operates accounts in banks to warehouse
recovered funds, which do not reflect in EFCC’s
audited accounts;
EFCC doctors and manipulates bank accounts to
conceal diversion of funds;
EFCC releases recovered funds to unidentified
persons and EFCC officials;
EFCC moves funds from its recovery accounts to EFCC
operations accounts from where it diverts same;
Over 95% of EFCC’s recoveries in foreign currencies,
other than those from multinational companies, have
been diverted;
EFCC trades with recovered funds through bank
deposits and placements;
EFCC colludes with real estate companies in order to
grossly undervalue seized assets before there are
sold to their cronies;
EFCC has not accounted for offshore recoveries; and,
Over half of the assets seized from suspects are not
reflected in EFCC exhibit records.
Sir, the aggregate funds diverted by Lamorde/EFCC
stated below in the attached criminal charges is over
N1Trillion; however, because over 95% of overseas
seizures are diverted, there is urgent need to
investigate and recover those funds as well.
PRAYERS
Mr. Senate President Sir, in addition to whatever the
8th Assembly would deem fit to strengthen the fight
against corruption, I ask that a Senate hearing be
held during which I will produce the overwhelming
evidence in my possession and, thereafter, ask that
the following be done:
1.That EFCC/Lamorde be directed to stop receiving
any further allocation from the Federal Government
until it accounts for the huge remittable funds to the
CRF, which the Commission is still holding back
contrary to the EFCC Establishment Act of 2004 and
Financial Regulations of 2006;
That EFCC, the nation’s purported Anti-graft agency,
should have its books and records opened for
scrutiny as the law requires; and,
That Lamorde and his cronies be prosecuted via the
aforementioned criminal indictment and some more
charges to be unearthed; if this is not done, Lamorde
will continue to use his intimidation machinery to
scuttle any effort to strengthen the war against
corruption.
PRELIMINARY CHARGES AGAINST IBRAHIM LAMORDE
ET AL:
That you Mr. Ibrahim Lamorde, as the executive
chairman of EFCC in March 2013, in the bid to conceal
a fraud of N779,155,004:62, being the diverted
amount from the forfeited funds by Tafa Balogun,
falsified documents in response to the request made
on you by duly constituted authorities, wherein you
fraudulently stated the total of 13 bank balances as
N2,258,100,576:98 instead of N3,037,255,521:60
That you Mr. Ibrahim Lamorde, as the Director of
operations, conspired with some officers in EFCC to
manipulate the forfeitures and recoveries from DSP
Alamesiegha, which events took place between 2006
and 2007, as if it took place in July 2008, with a view
to shifting responsibilities to the regime or tenure of
Mrs. Farida Waziri. By this act, you traded with
recoveries amounting to over N3.7Billion for almost
2 years before formerly documenting the transaction
That you Mr. Ibrahim Lamorde, conspired with some
EFCC officers to transfer a lower amount of
N3,128,230,294:83 to the Government of Bayelsa
State on 18/1/2010 instead of N4,257,503,009:23
being proceeds from the recoveries from DSP
Alamesiegha.
That you Mr. Ibrahim Lamorde, as Director of
Operations between 2003 and 2007, acting chairman
of EFCC between the period of June 2007 to May
2008, a period your Chairman went on course to
NIPSS, you conspired with some banks, especially
Access Bank Plc and Intercontinental bank Plc, to
doctor and manipulate EFCC recovery accounts and
expunge ALL entries relating to the recovered funds
lodged in the said accounts from May 2003 to May
2008, amounting to over N800 Billion.
That you Mr. Ibrahim Lamorde, conspired with some
EFCC officers and your external auditors to operate
and conceal a recovery account in CBN and excluded
the balances from your audited financial statements
between 2005 and 2011, thereby deceiving the users
of the financial statements, including the Executive,
Legislative and Judicial arms of Government. The
said balances excluded from the annual reports and
accounts and which understated the balances of
seized funds at the end of the respective years
include:
Bal. as at December 31
2005 N374,310,391:66
2006 N533,804,882:45
2007 N533,804,882:45
2008 N486,990,780:45
2009 N6,081,135,678:26
2010 N3,306,936,863:43
2011 N106,334,466:45
That you Mr. Ibrahim Lamorde, conspired with some
EFCC officers on or about 11/3/2011 to under-remit
the proceeds from Tafa Balogun’s forfeitures to the
consolidated revenue account by N3,200,306,084:93
on the actual amount alone. Instead of the actual
amount of N5,850,908,481:91 remittable to CRF, you
conspired to remit only N2,650,602,396:98, leaving a
balance of N3,200,306,084:94. Mr. Lamorde, you
confirmed that as at March 2013, you are still holding
back the sum of N2,409,380,875:67.
That you Mr. Ibrahim Lamorde, conspired with some
EFCC officers to trade with the aforesaid proceeds
from Tafa Balogun’s forfeitures between 2008 and
2013 at interest of 12% per annum, amounting to
N2,154,625,556:37, an amount you have been unable
to account for, thereby making you liable to remit
the sum of N5.34 Billion to the CRF.
That you Mr. Ibrahim Lamorde, as the executive
chairman of EFCC on the 17th day of January, 2012,
withdrew or caused to be withdrawn, the sum of
N183,124,185:95 vide an instruction Ref. EFCC/
ACCESS/PS/01/01 January 09, 2012, from EFCC
recovery account in access bank Plc knowing full well
that remittances from recovery account should go to
either the victims of crime or the Consolidated
Revenue Fund (CRF) of the Federal Government. This
you did in breach of EFCC establishment Act, 2004
and extant laws.
That you Mr. Ibrahim Lamorde, as the executive
chairman of EFCC, have continued to conceal the
details of the unsold properties forfeited by both
Tafa Balogun and DSP Alameseigha despite receiving
rent revenues from some estate agents on the said
properties. For Example: Etudo & Co Estate Agents,
aggregate of N185,663,336:62 In Access bank, to wit:
28/3/2012 (N70,655,872:47), 13/9/2012
(N99,063,241:75) and 6/3/2013 (N15,944,222:40).
That you Mr. Ibrahim Lamorde, while your boss Nuhu
Ribadu went on course to NIPSS and you held sway as
acting chairman of EFCC, conspired with some
officers in the Nigeria Judicial Institute in September
2008, to divert several cheques and drafts valued at
N1,678,345,000 but claimed there were lodged into
EFCC recovery account, CBN. Some of the said
cheques and drafts as listed below, and which were
recoveries from NJI on 18/4/2008 are not traceable
to any EFCC’s recovery accounts.
Cheque N184,316,745:11
Cheque N30,157,348:07
Draft N400,000,000:00
Cheque N985,123,668:20
Cheque N3,000,000:00
Cheque N450,000:00
Signed by Dr. George Uboh

Chief Executive Officer, Panic Alert Security Services

Pulease

you smoke SK this early morning

1trillion !holy shit!!!!!

This is what happens when you open thread without taking breakfast

Lol

bebene:
This is what happens when you open thread without taking breakfast

[size=18pt]I have always asked myself ,

Who investigates the investigators ??
[/size]
In the US , Police force have Internal Affairs, even stronger and more powerful than regular police

Atlast a nigerian with brain had arrived on this thread

DaBullIT:
[size=18pt]I have always asked myself ,

Who investigates the investigators ??
[/size]
In the US , Police force have Internal Affairs, even stronger and more powerful than regular police