National
Fraud: EFCC Seals NDDC Account
By Ayodele Oluwafemi
The Economic and Financial Crimes Commission (EFCC) has ordered the temporary closure of a bank account, belonging to Niger Delta Development Commission (NDDC), domiciled in Wema Bank, until further notice.
The anti-graft commission said the instruction is to enable it further investigate a case of fraud, diversion of funds, and money laundering traced to the NDDC account in Wema Bank.
In a letter, available to GWG, coded “CR: 3000/EFCC/LS/ISOS/TA.NDDC2/VOL.4/110”, , sent to the Managing Director of Wema Bank, the commission noted that preliminary investigations revealed that funds are being diverted from the NDDC account, domiciled in Wema Bank to corporate bodies.
“Preliminary Investigation reveals that funds are being diverted from the above account domiciled in CBN to commercial banks.
“In view of the above, you are requested to henceforth, reject any payments instruction from the accounts of Niger Delta Development Commission to accounts of corporate bodies domiciled in your bank until further notice to frustrate further diversion of the funds,” part of the letter reads.
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