Digest:
The Federal High Court in Abuja has ordered the freezing of four Jaiz Bank accounts linked to Mele Kyari, the former NNPCL boss, after the EFCC raised concerns about suspicious activities. The EFCC discovered N661.4 million suspected to be illicit funds in the accounts.
Key Points:
- Penalty imposed on four Jaiz Bank accounts linked to Mele Kyari.
- Accounts allegedly involved in fraud and money laundering.
- Suspicious funds totaling N661.4 million were traced to these accounts.
- EFCC cites donations for book launches and NGOs as fronts for fraudulent activities.
- Kyari’s case is part of a wider EFCC investigation into refinery rehabilitation funds.
- EFCC continues to probe over N80 billion linked to a former refinery official.
- Court to reconvene on September 23 to review progress of the investigation.
The freezing of Kyari’s accounts signals a significant development in the ongoing EFCC investigation into refinery funds mismanagement. As more details unfold, the implications for those involved in the scandal continue to raise concerns.
Sources: Premium Times
