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Breaking: Court freezes naira, dollar accounts run by Lagos Speaker, Mudashiru Obasa

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The Lagos Division of the Federal High Court on Thursday ordered a temporary confiscation of three bank accounts run by the Speaker of the Lagos State House of Assembly, Mudashiru Obasa.

The Three accounts were dominated in naira while the third holds US Dollar deposits, multiple reports say Obasa is currently at the office of Economic and Financial Crimes Commission for questioning over allegations of financial misappropriation.

The EFCC in a motion dated August 12, 2020 and marked FHC/L/CS/1069/2020, asked the court to issue an order directing that the funds in three bank accounts be forfeited in the interim.

According to the anti-graft commission, the three bank accounts are “being investigated for the offences of conspiracy, diversion of funds, abuse of office and money laundering”.

All three accounts which carried the name of the defendant are domiciled in Standard Chartered Bank.

While one of the accounts (001852963) is a domiciliary account, the other two (001852956 and 5002349821) are naira current and savings accounts respectively.

After hearing the application filed by S.I Sulieman, counsel to the EFCC, the court ruled in favour of the commission on September 15, 2020.

Wilson Uwujaren, EFCC spokesperson, confirmed that Obasa was at the agency’s office for questioning following reports suggesting he was being detained.

“He responded to an invite from the commission this morning,” Uwujaren said.

The Lagos speaker was accused of embezzling public funds and abusing his office.

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