The Economic and Financial Crimes Commission (EFCC) has unfrozen the bank accounts of the Speaker of the Lagos State House of Assembly, Mudashiru Obasa, who is still under investigation ‘for the offences of conspiracy, diversion of funds, abuse of office, and money laundering,’ Good Evening Nigeria has learnt.
Speaker Obasa, in September 2020, had his bank accounts frozen by the Federal High Court in Lagos, following an application made by the EFCC, as reported by Premium Times.
At the time, the agency said the accounts were being investigated ‘for the offences of conspiracy, diversion of funds, abuse of office, and money laundering’.
However, in a court documents seen by The Africa Report, Justice Nicholas Oweibo has granted an order to unfreeze the accounts on 16 August, after an application by Obasa’s lawyers.
According to the publication, the EFCC’s lawyer did not oppose the application to unfreeze the accounts.
The three accounts of Obasa – current, savings (both in naira) and US dollar – are domiciled at Standard Chartered Bank.
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What is the latest news about efcc unfreezes bank accounts of lagos speaker amid ongoing investigation?
The Economic and Financial Crimes Commission (EFCC) has unfrozen the bank accounts of the Speaker of the Lagos State House of Assembly, Mudashiru Obasa, who is still under investigation ‘for the offences of conspiracy, diversion of funds, abuse of of
Why does this matter for politics-governance?
At the time, the agency said the accounts were being investigated ‘for the offences of conspiracy, diversion of funds, abuse of office, and money laundering’.
What are the key facts about efcc unfreezes bank accounts of lagos speaker amid ongoing investigation?
According to the publication, the EFCC’s lawyer did not oppose the application to unfreeze the accounts.
However, in a court documents seen by The Africa Report, Justice Nicholas Oweibo has granted an order to unfreeze the accounts on 16 August, after an application by Obasa’s lawyers. According to the publication, the EFCC’s lawyer did not oppose the application to unfreeze the accounts.
