₦airaland Forum

A tip-off by a whistle blower on Tuesday, 11 April has led to the discovery by the Economic and Financial Crimes Commission, EFCC, of N4 billion kept in two separate accounts at the GTB Plc.

The money was suspected to be proceeds of crime.

Investigations as to the owner of the funds revealed that the money belongs to a former deputy governorship candidate in Niger State.

The suspect uses the names of two companies– Katah Property & Investment Limited and Sadiq Air Travel Agency- in laundering the funds.
Each of the company has N2 billion fixed in its deposit account domiciled in the bank.

The suspected owner of the account and the account officer are currently on the run.

Whistleblowers have become very active in recent days, exposing slush funds and accounts to the authorities, especially the EFCC.

PapaBrowne:
So wait oh, if I have 2 billion in my account, it automatically becomes proceeds of crime.

So a bank worker will now be looking through various accounts that have plenty money inside in the name of whistleblowing.

The owner of the account hasn't worked in government (he was a deputy governorship candidate). What kind of country is this turning into under Buhari. Shouldn't the EFCC investigate where that money came from before rushing to the media?

This is terrible.

PapaBrowne:
So wait oh, if I have 2 billion in my account, it automatically becomes proceeds of crime.

So a bank worker will now be looking through various accounts that have plenty money inside in the name of whistleblowing.

The owner of the account hasn't worked in government (he was a deputy governorship candidate). What kind of country is this turning into under Buhari. Shouldn't the EFCC investigate where that money came from before rushing to the media?

This is terrible.

obyrich:
He had served as LG chairman. No smoke without fire. His accomplice who was picked up by EFCC is the suspected whistle blower.