The Economic and Financial Crimes Commission, EFCC has beamed its searchlight into the illegal transfer of N216.66 million from the Central Bank of Nigeria, CBN’s account of the Federal Inland Revenue Services (FIRS).
The said amount was successfully transferred by a syndicate to an illegal account opened in the name of a company using the Awolowo Road, Ikoyi, Lagos branch of a new generation bank.
The EFCC will further probe the Police for its role in handling the earlier petition sent by the real owners of the Ibadan based company, Citadel Concepts Limited, whose company name was used to perpetrate the illegal act and open the illegal account.
The illegal transaction was discovered when the company’s Managing Director, Mr
Joseph Benjamin went to the FIRS to reconcile his account. He was subsequently invited by the police to help solve the illegal account opened in his company name.
The company’s manager who was not satisfied with the conduct of the investigation by the Police sent in a petition to the office of Vice President, Professor Yemi Osibanjo who in turn directed the EFCC to look into the matter.