EFCC Boss, Ibrahim Lamorde, May Soon Dance To The Commission’s Familiar Tune, Played To Suspects Held In Its Cells.

There are indications that embattled chairman of the Economic and Financial Crimes Commission ( EFCC ),  Ibrahim Lamorde, may soon dance to the commission’s familiar tune, played to suspects held in its cells. Today,  Lamorde is yet to account for  over N2 trillion seized assets and money recovered by the commission.

 

The commission at the moment operates six different accounts, ranging from Naira to Euro and Pound Sterling. The revelation was made at a public hearing of the House of Representatives on Narcotics, Drugs and Financial Crimes which investigated the status of assets, tangible and intangible, recovered or seized by the EFCC since its inception till date.

 

Top presidency sources hinted Pointblanknews.com that President Muhammadu Buhari is livid with anger over graft allegations hanging over the head of the anti-graft czar’s head.

According to our source,  Buhari is insisting,  Lamorde should not be sacked now, but, thoroughly investigated and used as a “scapegoat”

 

Pointblanknews.com learnt that members of the crack team given the job of unearthing Lamorde’s dark side, are not his staff, but constituted by current National Security Adviser ( NSA), Major General Babagana Monguno. Said our source ” The president is really interested in Lamorde’s case, he doesn’t want him sacked now but has instructed that Lamorde be made to account for the over two trillion naira”

 

”Those investigating Lamorde are not officials of his commission but a team put together by the office of the NSA,  as instructed by the president.  The president says he wants to use Lamorde as scapegoat and warning to anyone who will come after him” our source said.

 

According to Pointblanknews.com, what miffed the president was the defence put up by Lamorde and his officials who attended the public hearing where the allegations of unremmited monies was raised. Testifying before the committee  Access Bank* General Manager/Chief Inspector, Mr. Olayinka Tiamulu, who represented the Managing Director of the Bank, said the EFCC maintained six different accounts.

 

According to him, the Euro and Dollars accounts have nil balances at present. Categorizing the accounts, Olayinka said they had different names which included EFCC Regular Accounts, Fixed Deposit Accounts, EFCC Trust Accounts (Dollar) and EFCC Recovery Accounts.

 

Giving details of the credit balances in the accounts, Tiamulu said* the EFCC Regular Accounts had N73, 967,997,57; Fixed Deposit Account, N3,210,535,866,59; EFCC Trust Account, N4,962,869,90; EFCC Recovery Account had 290, 795,2.

 

He said while EFCC Trust was Dollar Account, EFCC Recovery Accounts was in Naira, adding that the Fixed Deposit was interest rated. He could not, however, confirm the last time monies were withdrawn from the accounts but stated that they were operation accounts.