EFCC Discovers N905m In Suspected Slush Account

EFCC Discovers N905m In Suspected Slush Account

Like This Video 0 429980 Segun Vincent
Added by December 11, 2017

The Economic and Financial Crimes Commission (EFCC) has frozen N905, 941,696.87 in an account linked to Rivlink International.

Rivlink International, it was gathered, is a sole proprietorship firm, whose owner is dead.

The cash inflows was allegedly from the Rivers State Environmental Sanitation Authority.
One man identified as Kenneth Koroma had unsuccessful attempts to withdraw the money.

“He, however, appointed Mr. Kenneth Koroma as the sole signatory to the account for the purpose of money laundering,” a source told The Nation.

“Covert intelligence revealed that the sole proprietor, Christian Robinson, is deceased and the trustee, Kenneth Koroma, has been making frantic efforts to withdraw the funds, which had been on fixed deposit.

“Sometimes in June 2017, Koroma wrote the bank requesting it to liquidate the fixed deposit and transfer the balance to an account number 0037907856 of a company, OLF Enterprise, also operated by him.

“Unknown to Koroma, the proprietor had changed him as a signatory to Rivlink International’s account before he died.

“The bank insisted that it could not release the N905m to Koroma because he had ceased to be the sole signatory to the account of Rivlink International. Relevant documents were shown to him on how the owner of the company effected the change of signatory.”

Another source noted that “Further inquiry to ascertain the legitimacy or otherwise of the said funds is in progress.

“However, the EFCC has obtained a Freeze Order from the court pending the outcome of ongoing investigation.”

“Certainly, if we were able to establish that the cash was a product of money laundering from the coffers of Rivers State Government, it will be forfeited and we may have to recover it for the state.”

Similar Videos

Alleged Corruption Trial Not Obstacle To Lead PDP – Daniel

0 585573 0

Former Governor of Ogun state Gbenga Daniel says his trial for alleged corruption case is not a threat to his Peoples Democratic Party (PDP) national Chairmanship aspiration. The former governor is among members of the party who are currently being

Nigerian woman sentenced to 21 years in UK prison for attempted murder of 90-year-old woman in the UK

0 511876 0

A 52-year-old Nigerian woman who attempted to murder a 90-year-old grandmother has been sentenced to 21 years in prison. Abosede Adeyinka, a carer, of Hayman Crescent, Hayes, was sentenced at Blackfriars Crown Court on Thursday, 2 November. She had been

Messi Breaks Jinx In Chelsea Draw

0 730349 0

Lionel Messi has finally bagged a goal against Chelsea as Barcelona held the Blues 1-1 in the Champions League round of 16. Messi, who had not scored against the 2012 European champions before Tuesday’s clash, bagged a late goal to

No Comments

No Comments Yet!

No Comments Yet!

But You can be first one to write one

Write a Comment

Your data will be safe!

Your e-mail address will not be published. Also other data will not be shared with third person.
Required fields are marked*