The Economic and Financial Crimes Commission (EFCC) on Wednesday discovered huge sums of money in foreign and local currencies in a house in Ikoyi, Lagos. The fresh discovery is coming barely 24 hours after N4 billion belonging to a former deputy governorship candidate in Niger state was discovered by EFCC operatives in a hidden account with the Guaranty Trust Bank, GTB. Mr. Wilson Uwujaren, EFCC Head of Media, said the cash in Ikoyi apartment was discovered by its operatives from its Lagos zonal office during a sting operation. According to him, the sums of $38million, N23million and £27,000 were recovered from the Ikoyi apartment. Prompt News Online recalls that a couple of days ago, the EFCC said it discovered €547,730 and £21,090 as well as N5, 648,500 from a Bureau de Change operator in Balogun Market, Lagos.
The Economic and Financial Crimes Commission (EFCC) on Wednesday discovered huge sums of money in foreign and local currencies in a house in Ikoyi, Lagos. The fresh discovery is coming barely 24 hours after N4 billion belonging to a former deputy governorship candidate in Niger state was discovered by EFCC operatives in a hidden account with the Guaranty Trust Bank, GTB. Mr. Wilson Uwujaren, EFCC Head of Media, said the cash in Ikoyi apartment was discovered by its operatives from its Lagos zonal office during a sting operation. According to him, the sums of $38million, N23million and £27,000 were recovered from the Ikoyi apartment. Prompt News Online recalls that a couple of days ago, the EFCC said it discovered €547,730 and £21,090 as well as N5, 648,500 from a Bureau de Change operator in Balogun Market, Lagos.
Ikoyi Tower apartment where $43m was recovered

Following the payment of the first tranche of the Ikoyi Osborne Tower cash recovery saga, the Federal High Court, Abuja Division has fixed January 17, 2018 for hearing in a court action instituted against Finance Minister, Economic and Financial Crimes Commission (EFFC), Office of the Attorney General of the Federation (OAGF), and three others on part payment of Whistle-blowers entitlement in the huge sum of the $43.4m, N23.3m and 27, 800 Euros recovered by the anti-corruption agency in the Flat 7, OsborneTowers, Ikoyi, Lagos through whistle blowing efforts.

PRNigeria confirms that Justice Ijeoma Ojukwu of the Federal High Court is billed to adjudicate on the court action instituted by one of the Original Whistle-blowers Abdulmumini Musa in which is praying for a mandatory injunction to stop the minister of Finance from excluding him from the payment of the 2.5% to 5% of the Whistleblowing fees.

The Court Action by Musa was sequel to the move by the Minister of Finance, Mrs Kemi Adeosun to pay a sum of N421m to the Whistle-blowers without the plaintiff benefitting despite the facts that joint efforts led to the recovery of the huge sum.

To ensure that there is no obstacles in quick determination of the suit, hearing notice has been served on all the six defendants in the court action.

In the suit filed by Abdulhamid Mohammed in Abuja, the plaintiff claimed to have participated actively in the whistle blowing efforts that led to the recovery of the money by the EFCC.

The court action with No. FHC/ABJ/CS/1158/2017 also has Bala Usman, Stephen Sunday and one Sheriff, all of Suite 6, Kujre Oil and Gas Filling Station, Abuja as 4th, 5th and 6th defendants respectively.

Plaintiff in the writ of summons claimed that he, 4th, 5th and 6th defendants’ jointly volunteered information to EFCC operatives which eventually led to the recovery of the huge local and foreign currencies.

Specifically, the plaintiff sought court declaration that he is entitled to share from the approved whistle blowing entitlement by the Minister of Finance and order of the court directing the EFCC and the minister to include his name as part of the beneficiaries of the whistle blowing fees along with the 4th, 5th and 6th defendants as they actively participated and are instrumental to the whistle blowing or disclosure of information which eventually led to the recovery of the huge sums of money.

Following the issuance of hearing date and the assignment of the suit to Justice Ojukwu, counsel to the plaintiff Abdulhamid Mohammed of Hammart Legal Chamber has written another strongly worded letter to the Finance Minister, EFCC and Attorney General of the Federation warning them to follow the path of the rule of law in the payment of the whistleblowing fees.

The letter dated December 12 and officially received on December 13, 2017 specifically informed the Finance Minister that the Writ of Summon has been served on her and sufficient notice giving to her office to enable her stay action on the payment of Ikoyi Whistleblowers entitlement and to wait for the final determination of the matter, pending before the court.

The letter expressed surprise with news emanating from Office of the Finance Minister that arrangement have been made to pay the money at the exclusion of the plaintiff and warned that such an action would be against injustice.

The letter read in parts: “We write to further inform you that a Writ of Summon in respect of Court Action on whistleblowing payment has been served on your office. By the Writ sufficient notice has been given to your office to enable you stay action on the payment of the Ikoyi Whistle-blowers entitlement pending the determination of our client’s suit.

“But to our surprise we have just received news that your office has made arrangement to pay some of the whistle-blowers without resolving the issue out of our client’s interest

“We view any step taken by you to effect the fee payment as a clear interference with the pending suit and the proceeding before the court”

The letter signed by the plaintiff’s counsel also read in part: “In the interest of Justice and obedience to the rule of law, we urge you to halt the payment of the Ikoyi’s whistleblowing fee so as not to overreach preceding in the court and which will obviously prejudice the outcome of the matter pending in the court.”

Meanwhile, reports in the media indicate that part payment had been disbursed to the other whistle blower to the exclusion of Abdulmumin Musa and two others despite several complaints from the petitioner to both the Minister of Finance and her counterpart at the Justice Ministry and Attorney General of the Federation through their lawyers.

According to media reports monitored by PRNigeria, the first whistleblower’s lawyer had confirmed the development, adding that the federal government would make up the balance in the first quarter of next year.

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