Group commends EFCC for tracking N5.3b to saraki’s aide’s address
A social political group Kwara Political Front, KPF, has commended the Economic and Financial Crimes Commission, EFCC, for unraveling the sum of N5,318,517,789.48 suspected to be proceeds of unlawful activity belonging to a company with a registered address at No. 9. Orioko Ilorin, Kwara State.
According to findings, the property located on the said address belongs to one Ladi Hassan, who was S.A. Domestic to former Governor Abubakar Bukola Saraki between 2003-2005 and SA Inter-governmental Affairs (2005-2007) .
Hasan was also Chief of Staff (2007-2009) to Kwara State Governor;
Hon. Commissioner, Kwara State Ministry of Health (2009-2011). He also served as Member, Board of Directors, Harmony Holdings Ltd (2012) and Chairman, Governing Board, Federal Medical Centre, Jabi-Abuja (2013-2014).
As a prominent member of the Saraki political dynasty, Hassan served as Executive Chairman, SUBEB, Kwara State (2016-2017); Mandate Secretary and lately at FCT Social Development Secretariat (2017-date)
According to a statement by the KPF, it commended EFCC for unraveling these leakages, stating that many unsuspecting aides may have been used as conduit pipes to siphoning the resources of Kwara state in the past.
This commendation is coming against the backdrop of the order of Federal High Court in Lagos for the interim forfeiture of the N5,318,517,789.48 warehoused in a new generation bank to the Federal Government. The order was given by Justice Tijjani Ringim sequel to an ex parte motion filed and argued by counsel to the Economic and Financial Crimes Commission (EFCC) Rotimi Oyedepo.
Oyedepo linked the sum to a firm, Kaiser Strategic Services Ltd, adding that it was reasonably suspected to be proceeds of unlawful activity.
He told the court that the money was deposited in three bank accounts in tranches of N1,407,182,797.00, N2,275,525,493.17 and N1,635,809,499.31.
The lawyer prayed the judge to hand over the sum to the Federal Government’s custody for 14 days in the interim and subsequently to be permanently forfeited to the government.
To this end, he applied for an order of court “directing the publication in any national newspaper the interim order…to enable interested party in the property sought to be forfeited to appear before the court to show cause within 14 days why the final order of forfeiture of funds sought to be forfeited should not be made in favour of the Federal Government of Nigeria.
Oyedepo backed his application with a four-page affidavit sworn to by an EFCC investigator Adamu Usman Yusuf.
Justice Ringim in a bench ruling granted the application as prayed.
He adjourned till September 29, for report of compliance.
According to the affidavit, Kaiser Strategic Services Ltd was incorporated on November 18, 2010, with a registered address at No. 9. Orioko Ilorin, Kwara State, which this medium reliably gathered is the family house of Ladi Hassan.
Yusuf said: “That there is no business endeavour in the said address. That the Company is not carrying out any legitimate business but rather was primarily procured to retain proceeds of unlawful activities.
“Upon incorporation of the Kaiser Strategic Services Ltd, a corporate account was opened. The account started witnessing huge cash deposits which are not proceeds of a legitimate business but rather represent funds reasonably suspected to be proceeds of unlawful activities.
“We invited the Managing Director of Kaiser Strategic Services Ltd vide a letter dated 3rd August 2021 which letter was acknowledged by one A. Muhamed.
“Till date, we have not received any objection or opposition from Kaiser Strategic Services Ltd to the Commission’s decision proceeding against the funds sought to be forfeited to the Federal Government of Nigeria, same having been reasonably suspected to be proceeds of unlawful activities.”