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Alleged N9bn Fraud: Court Freeze Lagos Speaker, Obasa, Accounts

A Federal High Court presiding in Lagos has ordered a temporary confiscation of three bank accounts run by the State House of Assembly Speaker, Mudashiru Obasa.

Two of the accounts is denominated in naira while the third holds U.S. dollar deposits, were frozen based on a request of the Economic and Financial Crimes Commission, EFCC, which is currently investigating the Speaker for alleged fraud, to the tune of N9billion.

In an exparte motion marked, FHC/L/CS/1069/2020, Obasa’s three accounts with Standard Chartered Bank are under restriction pending the conclusion of the substantive probe.

The accounts include: a United States Dollar account marked 001852963; a current account with number 0018552956 and a savings account with number – 5002349821.

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The anti-graft agency said it filed the matter “Pursuant to section 44 (2) (K) of the Constitution of the Federal Republic of Nigeria 1999 (as amended) and section 26, 29, and 34 (1) of the Economic and Financial Crimes Commission (Establishment) Act, 2004, and under the inherent jurisdiction of this honourable court.”

Meanwhile, Obasa had reported at the EFCC headquarters in Abuja at the early hour of Thursday to under going interrogation.

He arrived the EFCC office at 10:00 am in company of his lawyers who were asked to stay at the reception while he is being grilled.

Operatives of the ICPC has also extended an invitation to him for an interview.

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Obasa, who is a two-time Speaker of the House, from Agege Constituent has been facing several allegations of corruption.

The Speaker had some months ago appeared before the House panel of enquiry on the corruption allegations levelled against him.

He has consistently denied all charges, dismissing them as the antics of his political detractors.

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Akinlade I. WAHAB is a dedicated journalist and the proprietor of I-WAHAB Media. He embarked on his career at Murhi International TV (MiTV) and subsequently joined Radio Nigeria as a Judicial Correspondent.With a profound interest in legal reporting, he currently holds the positions of Chairman at the National Association of Judicial Correspondents (NAJUC), Ikeja Branch, and Chairman at the Nigeria Union of Journalists (NUJ), Radio Nigeria Chapel.As the owner of I-WAHAB Media, he has successfully established Top Court News, a platform renowned for providing comprehensive coverage of court cases and legal developments, with the aim of promoting transparency within the judicial system.Akinlade's diligent work and unwavering commitment to ethical reporting have earned him immense respect within the Nigerian journalism community.

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