Monday, 10 March 2014

Bayelsa sues EFCC over Alam's N1.4b, $1.3m loot

Bayelsa State Government has accused the Economic and Financial Crimes Commission (EFCC) of trading with the cash recovered from ex-Governor Diepreye Alamieyeseigha.

The state government has taken the anti-graft agency to court, urging it to compel the EFCC to release N1.4 billion and $1.3million recovered from Alamieyeseigha to it, with interest.

It is also seeking the sack of EFCC Chair Ibrahim Lamorde.

The suit is before Justice Ademola Adeniyi of the Federal High Court, Abuja.

In a writ of summons issued against the EFCC and Lamorde, the state urged the court to, among others, declare as corrupt act, the refusal of the commission to remit to it, the recovered funds.

It also urged the court to declare that the decision by the EFCC to continue “trading with the funds by way of funds placement/fixed deposits is an act of corruption and an economic crime contrary to sections 6 and 7 of the EFCC (Establishment) Act, 2004.”

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