USA Africa Dialogue Series - Re: Top Nigerian politician in trouble as EFCC uncovers N6billion in bank accounts

My People:

I remember that we had a discussion of this issue some time back....with a sentiment that a dragnet on Banks to determine who own STUPENDOUSLY idle funds/deposits within the banks was somehow un-constitutional and un-democratic, and could put a damper on business.

But clearly, with all kinds of stupendous monies being found in toilet tanks in Nassarawa, container dumps in Kaduna, and bastard apartments in Ikoyi,  there is quite a lot of money like these below in bank accounts in Nigeria.

Bank accounts are the obvious frontier for the anti-corruption fight in Nigeria.....

And there you have it.

Bolaji Aluko

PREMIUM TIMES

Top Nigerian politician in trouble as EFCC uncovers N6billion in bank accounts

April 21, 2017Premium Times

The Economic and Financial Crimes Commission is considering declaring a former Commissioner of Local Government in Niger State, Kantigi Liman, wanted after a further N2billion was traced to his United Bank for Africa account by the agency.

An EFCC insider told PREMIUM TIMES the discovery brings to N6 billion funds traced to accounts held by the politician and companies linked to him.

The Commission had weeks earlier traced N4billion to two accounts in GTBank, both linked to Mr. Liman.

The first account belongs to Sadiq Air Travel Agency Limited and the second to Kantigi.

Sources at the Commission however disclosed that the politician, who was a governorship aspirant of the Peoples Democratic Party in the 2015 election, has been elusive.

"He is on the run and all efforts to track him down have been futile. The next option left for the Commission is to declare him wanted," the source said.

The source further disclosed that investigations so far indicated the funds were siphoned from the local government joint account of Niger State.

"The Commission desperately wants Liman, to confront him with the available evidence," the source said. "He is believed to rake in a monthly interest of over N33million on the fixed deposits."

Mr. Liman could not be reached for comments Friday morning.

When contacted, EFCC spokesperson, Wilson Uwujaren, confirmed Mr. Liman was being investigated.

"It is an ongoing investigation so I am not able to provide details at this time," he said.

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