He said the EFCC did not disclose some offshore accounts and over half of the assets seized from suspects are not reflected in EFCC exhibit records.
The Economic and Financial Crimes Commission (EFCC) boss, Ibrahim Lamorde has been invited by the Senate, to answer questions concerning a petition raised against him.
According to Punch Newspapers, the petitioner, Mr. George Uboh, Chief Executive Officer of Panic Alert Security Systems, claims that Lamorde fraudulently diverted N1tr.
He said the money is part of the proceeds from the loot recovered from a former Governor of Bayelsa State, Diepreye Alamieyeseigha and ex-Inspector-General of Police, Tafa Balogun.
Adding that he had evidence to support his claim.
Uboh also said that the EFCC boss diverted the funds when he was Director of Operations of the EFCC between 2003 and 2007, and acting Chairman of the commission between June 2007 and May 2008.
He said the EFCC did not disclose some offshore accounts and “over half of the assets seized from suspects are not reflected in EFCC exhibit records.”
Adding that “Lamorde continues to conceal the details of the unsold properties forfeited by both Tafa Balogun and DSP Alamieyeseigha despite receiving rent revenues from some estate agents on the said properties.”
In the petition, Uboh alleged that Lamorde diverted N779m, instead of N3bn forfeited by Balogun to the Federal Government, and also under-remitted the former IG’s forfeited funds, which was N5.85bn into the Consolidated Revenue Account by keeping N2.65bn.
He said the EFCC boss also traded with N3.7bn recovered from Alamieyeseigha, for two years.
An excerpt of his petition to the Senate, obtained from Punch Newspapers reads “Sir, the aggregate funds diverted by Lamorde/EFCC stated below in the attached criminal charges is over N1tn. However, because over 95 per cent of overseas seizures are diverted, there is an urgent need to investigate and recover those funds as well.”
You will recall that Pulse News reported that Lamorde was alleged to be part of some shady Govt. allocations.