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Zenith Bank, Access Bank, and First City Monument Bank Accounts Hunt Former Governor of Lagos State

Aug 20, 2019 09:00 PM
Zenith Bank, Access  Bank, and First City Monument Bank Accounts Hunt Former Governor of Lagos State Africa Business Radio, Africa Business News, Fraud, Corruption, EFCC, Akinwumi Ambode, FCMB, Zenith Bank


The residence of the former governor of Lagos State, Akinwunmi Ambode in Epe, was on August 20, raided by operatives of the Economic Financial Crimes Commission (EFCC). Ambode was accused of misappropriation of state government funds, in tune of ₦9.09 billion which led to the temporary freeze of 3 accounts linked to him, and Lagos State government. The court, presided over by Chuka Obiozor, ordered the temporary freezing of the accounts, domiciled in Zenith Bank, Access Bank, and First City Monument Bank, following an exparte application brought forward by the Economic and Financial Crimes Commission (EFCC) 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. Mr. Akinwunmi Ambode, denied involvement in the N 9 . 9 bn fraud allegation, saying none of his accounts contained N 9. 9 bn let alone being frozen by the EFCC. He said he served Lagos State well, his record was clear. In a statement on by his media aide, Habib Aruna, Ambode said he did not intend to join issues with the anti-corruption agency as there had not been any communication between him and the commission on the issue. He added that he, however, wanted to clear his name. According to the former governor, the accounts frozen by the Federal High Court belong to the Lagos State Government and not him or any individual. In the morning of Tuesday, August 20, 2019, the operatives of the Economic Financial Crimes Commission were prevented from gaining access to Ambode's residence in Epe by his neighbors and kinsmen. Ambode's was not in residence, as he is currently outside the country. The EFCC officials maintained that they acted on the raid within the ambit of the law. 

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