The Federal High Court in Abuja has frozen seven separate accounts which, according to the Economic and Financial Crimes Commission, were used by the Nigerian Governors’ Forum to launder the sum of N10bn said to be derived from the proceeds of the Paris Club refund.
Justice Gabriel Kolawole directed on Wednesday that the freezing order would last for 45 days within which the EFCC must either institute charges in respect of the transactions against the relevant suspects or apply to the court for an extension of the order.
The judge also gave seven days to the account owners, if interested in seeking the setting aside of the freezing order, to file an application which must be served on the EFCC.
The commission alleged that its preliminary investigation had revealed that the N10bn was fraudulently diverted by the NGF under the guise of paying consultancy fee to BizPlus GSCL Consortium which the Forum engaged “to carry out reconciliation of accounts and recover the amounts due to the states” from the refund of the over-deducted payment of Paris Club debt by the Federal Government from 1995 to 2002.
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