EFCC Discovers N905m In Suspected Slush Account

EFCC Discovers N905m In Suspected Slush Account

Like This Video 0 2485 Segun Vincent
Added by December 11, 2017

The Economic and Financial Crimes Commission (EFCC) has frozen N905, 941,696.87 in an account linked to Rivlink International.

Rivlink International, it was gathered, is a sole proprietorship firm, whose owner is dead.

The cash inflows was allegedly from the Rivers State Environmental Sanitation Authority.
One man identified as Kenneth Koroma had unsuccessful attempts to withdraw the money.

“He, however, appointed Mr. Kenneth Koroma as the sole signatory to the account for the purpose of money laundering,” a source told The Nation.

“Covert intelligence revealed that the sole proprietor, Christian Robinson, is deceased and the trustee, Kenneth Koroma, has been making frantic efforts to withdraw the funds, which had been on fixed deposit.

“Sometimes in June 2017, Koroma wrote the bank requesting it to liquidate the fixed deposit and transfer the balance to an account number 0037907856 of a company, OLF Enterprise, also operated by him.

“Unknown to Koroma, the proprietor had changed him as a signatory to Rivlink International’s account before he died.

“The bank insisted that it could not release the N905m to Koroma because he had ceased to be the sole signatory to the account of Rivlink International. Relevant documents were shown to him on how the owner of the company effected the change of signatory.”

Another source noted that “Further inquiry to ascertain the legitimacy or otherwise of the said funds is in progress.

“However, the EFCC has obtained a Freeze Order from the court pending the outcome of ongoing investigation.”

“Certainly, if we were able to establish that the cash was a product of money laundering from the coffers of Rivers State Government, it will be forfeited and we may have to recover it for the state.”

Similar Videos

Ronaldo First Player To Score 100 Champions League Goals For One Club

0 1633 0

Cristiano Ronaldo has become the first player to score 100 Champions League goals for the same club. He reached this feat via a score-equalising penalty he took during Wednesday’s Uefa Champions League game against Paris Saint Germain. He then added

Awoniyi Scores Brace In Team’s Defeat To Standard Liege

0 1871 0

Taiwo Awoniyi scored twice in Royal Excel Mouscron’s dramatic 4-3 loss to Standard Liege in a Belgian First Division A League clash on Sunday. Awoniyi’s excellent solo effort pulled both sides level ten minutes after Christian Luyindama got the hosts

Eboue Broke After Draining Divorce

0 1885 0

It is a story of misplaced trust and a loss of money made over an illustrious decade-long career for Emmanuel Eboue. The former Arsenal wingback is now in dire straits after having all his assets awarded to his wife by

No Comments

No Comments Yet!

No Comments Yet!

But You can be first one to write one

Write a Comment

Your data will be safe!

Your e-mail address will not be published. Also other data will not be shared with third person.
Required fields are marked*