• Contact Us
  • About Us
Saturday, March 7, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

Ambode debunks alleged N9.9 billion fraud

metro by metro
August 9, 2019
in News
0
Ambode
0
SHARES
0
VIEWS

AmbodeThe immediate past governor of Lagos State, Akinwunmi Ambode, has distanced himself from the bank accounts frozen by a federal court last Tuesday over an alleged N9.9 billion fraud.

A federal judge had ordered the temporary freezing of the accounts, domiciled in Zenith Bank, Access Bank, and First City Monument Bank, following an exparte application brought by the Economic and Financial Crimes Commission.

Read Also

Iran’s Supreme Leader’s Son Mojtaba Khamenei Tipped As Successor

US Senate Backs Trump On Iran Strikes, Blocks Bid To Limit War Powers 

Conservative Anglicans To Pick Rival Leader, Widening Church Rifts

According to the EFCC, N9.9 billion was paid from the state government’s accounts into the FCMB account opened on September 17, 2018, and operated by Adewale Adesanya, the permanent secretary in the Office of the Chief of Staff to Mr Ambode.

Mr Ambode served as governor between 2015 and 2019.

In a statement on Friday, the former governor said no account of his contained N9.9 billion let alone being frozen by the EFCC.

According to Mr Ambode, the accounts in question that were frozen by the Federal High Court belong to the Lagos State Government and not him or any individual.

“Those accounts were opened in the course of normal operations by the Lagos State Government for its administrative purposes and not for the former governor’s personal transactions as was being wrongly insinuated and have been operated to ensure smooth operations of government activities by previous and present administrations,” Mr Ambode said in the statement issued by his media aide, Habib Aruna.

”The former governor was not and will never be involved in any unauthorized use of government property and resources.

“We strongly believe that after four demanding years as Chief Executive of Lagos State, Mr Ambode is entitled to some deserved rest with his family and loved ones without the unwarranted attacks on his well-earned reputation.”

Mr Ambode said while he did not intend to join issues with the anti-corruption agency, especially as there had been no communication between them on the issue, it is pertinent to clarify what he believed was a misleading import of the press statement on Tuesday.

The statement added that the former governor believed that at this time in the nation’s polity, all hands must be on deck to support “our great Party the All Progressives Congress (APC) both at the State and national levels in order to continue to deliver the dividends of democracy to Lagosians and Nigerians respectively.”

Tags: AmbodeEFCC
Previous Post

EFCC arrest Atiku’s Lawyer, Son in-law

Next Post

Oyo Poised to Access over N2Billion Education Funds

Related Posts

Iran’s Supreme Leader’s Son Mojtaba Khamenei Tipped As Successor
News

Iran’s Supreme Leader’s Son Mojtaba Khamenei Tipped As Successor

March 5, 2026
Trump
News

US Senate Backs Trump On Iran Strikes, Blocks Bid To Limit War Powers 

March 5, 2026
Conservative Anglicans To Pick Rival Leader, Widening Church Rifts
News

Conservative Anglicans To Pick Rival Leader, Widening Church Rifts

March 3, 2026
News

NGX Group Appoints Olaniyan as Group Chief Strategy Officer

March 2, 2026
Next Post

Oyo Poised to Access over N2Billion Education Funds

Oil Prices Up After OPEC+ Maintains output Cuts, But Shaky Demand Caps Gains

Dangote Refinery Increases Petrol Price From N875 to N995 Within 96 Hours, Fuel  Stations Sell N1190/Litre

March 6, 2026
Tinubu’s Government Orders Sale Of IBEDC, 4 Other Discos Within 90 Days

Tinubu Moves to Tackle Power, Grid, Transmission Challenges, Inaugurates Committee On GAMCO

March 6, 2026

Huawei, Meralco, and SANXING Ningbo Launch Intelligent Distribution Solution and Lighthouse Initiative

March 6, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version