Mustapha and Aminu Lamido, sons of the Governor of Jigawa State remain in the custody of the Economic and Financial Crimes Commission (EFCC) over their alleged involvement in money laundering fraud to the tune of N11 billion.
The sons of the Governor who were apprehended in Kano, are now being interrogated by EFCC operatives in Abuja so as to shed more light on the conduits the brothers used to allegedly commit the huge fraud.
The EFCC investigation centers around how billions of Naira were funneled from Jigawa State accounts to the accounts of companies where the two brothers are signatories. The Governor allegedly also has involvement in the companies.
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 transfers are said to have occurred when Governor Lamido won the election in 2007.
Bamaina Holdings Limited’s account with the governor as sole signatory received a total of N1.19billion between February 2007 and July 2013. About N1billion was paid from this account into accounts of companies controlled by the governor and his sons.
Massive lodgements were also discovered in the account of Bamaina Company Nigeria limited controlled by Mustapha as sole signatory from Bamaina Alluminium. Between January 2010 and July 2013, the account received over N500million.
From the account of Rawda Integrated Services Limited controlled by Mustapha, there have also been massive movement of funds to another company run by Sule Lamido, Speeds International Limited. Speeds’ account recorded a turnover ofN2.2billion between January 2007 and February 2010.
In the account of Rawda with a new generation bank investigators discovered the movement of N2.6billion to an unknown signatory. That account recorded over one hundred withdrawals running to over N600milion in cash between November 2007 and April 2008
Saby Integrated Services Nigeria Limited, another company owned by Lamido received over N730million from several Jigawa State government agencies between June 2010 and August 2010.
The spotlight was beamed on the Governor’s sons after Aminu was apprehended at the Kano international airport with $50,000 which he failed to declare to Customs.