Topic: EFCC Arrests Gov. Sule Lamido’s Sons Over N10 Billion Money Laundering Fraud  (Read 2077 times)

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Aminu Lamido and Mustapha  Lamido, sons of Jigawa State governor, Alhaji Sule Lamido were arrested yesterday, November 14, 2013  by the Economic and Financial Crimes Commission, EFCC. Dependable sources say they were picked up by operatives of the Commission between 10 and 11.55pm in Kano and have been moved to Abuja, the Commission’s headquarters, where a crack team of investigators will grill them.

Their arrest, according to a knowledgeable source, is in furtherance of the investigation that commenced in December 2012 when Aminu Sule Lamido was arrested at the Mallam Aminu Kano Airport en route Cairo, Egypt for failure to declare the $50,000 he had on him.

Though Aminu has since been prosecuted and convicted by a Federal High Court in Kano, investigation as to how he came by the money has led investigations to uncover a web of money laundering in which billions of naira from Jigawa state government accounts are funnelled into the accounts of companies run by the Jigawa state governor and his two sons.

Over N10billion is said to have been transferred from Jigawa state government accounts into the accounts in which Sule Lamido and his two sons have interest from 2007 till date.

The Commission is said to have traced these transfers to 10 companies where Lamido and sons are directors and signatories to the account.

The companies include Bamaina Alluminium Limited, Bamaina Holdings Limited, Bamaina Company Nigeria Limited, Rawda Integrated Services Limited, Speeds International Limited and Saby Integrated Nigeria Limited.

The account of these companies received huge cash inflow between 2007 and 2013, a period that coincide with the tenure of Sule Lamido as governor of Jigawa state. For instance in Bamaina Aluminium where Sule Lamido and his two sons are directors, investigations revealed that the company’s account controlled by Mustapha as signatory received total credit of N1.52billion between January 2010 and August 2013. It recorded a total debit of the same amount, with Mustapha and other companies in which Lamido and his sons are directors, being the beneficiaries.

http://saharareporters.com/news-page/efcc-arrests-gov-sule-lamido%E2%80%99s-sons-over-n10-billion-money-laundering-fraud

 

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