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EFCC Freezes Olu Falae’s Firm Account

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Anti-graft agency, Economic And Financial Crimes Commission, EFCC, has in its fight against corruption clamped down on yet another asset implicated in the N4 billion disbursed by the ex-president Goodluck Jonathan Campaign Organisation during the build-up to the 2015 presidential election.

According to The Punch, the anti-graft agency has seized bank account of a company belonging to the former Secretary to the Government of the Federation, Chief Olu Falae.

According to reports, the account operated with United Bank for Africa, UBA, under the name Marecco Nigeria Limited with account number 1000627022 has been frozen by the Anti-graft agency.

Recall that Olu Falae was implicated in the collection of a certain N100 million on behalf of his party. He claimed the he was ignorant of the affiliation of the funds to the Government adding that the money was meant for his party and not a personal gift.

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