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Monday, March 10, 2014

Bayelsa State Sues EFCC Over Unremitted Stolen Fund


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The Bayelsa State Government has sued the Economic and Financial Crimes Commission (EFCC) over the commission’s alleged refusal remit back to it, funds recovered from its convicted ex-Governor, Diepreye Alamieyeseigha.
In a suit now before Justice Ademola Adeniyi of the Federal High Court, Abuja, the state claimed that N1.4billion and another 1.3 million USD were recovered from Alamieyesiegha ‎on his conviction by the Federal High Court, in Lagos.
In a writ of summons issued against EFCC and its Chairman, Mr Ibrahim Lamorde, the state urged the court to among others, declare as corrupt acts, the refusal of the commission to remit back to it, the recovered funds.
It also urged the court to declare that the decision by the EFCC to continue “trading with the funds by way of funds placement/fixed deposits is an act of corruption and an economic crime contrary to sections 6 and 7 of the EFCC (Establishment) Act, 2004.

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