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Alleged Fraud: Court Freezes Accounts Linked To Lagos Speaker, Obasa

A Federal High Court sitting in Lagos has ordered the temporary freezing of three accounts linked to the Speaker of the Lagos State House of Assembly, Mudashiru Obasa.

The Economic and Financial Crimes Commission (EFCC), which is investigating the speaker for fraud, had filed an ex parte motion before the court.

Court papers obtained by Sahara Reporters and marked FHC/L/CS/1069/2020 revealed that Obasa’s three accounts with Standard Chartered Bank are under restriction pending the conclusion of the substantive investigation.

They include: a United States Dollar account marked 001852963; a current account with number 0018552956 and a savings account with number – 5002349821.

The order, signed by the court’s registrar, Adebimpe Oni, was made on September 15, 2020.

According to the anti-graft agency, it filed the matter, “Pursuant to section 44 (2) (K) of the Constitution of the Federal Republic of Nigeria 1999 (as amended) and section 26, 29, and 34 (1) of the Economic and Financial Crimes Commission (Establishment) Act, 2004, and under the inherent jurisdiction of this honourable court.”

Earlier on Thursday, Obasa honoured the invitation of the EFCC for questions, a development confirmed by the commission’s spokesman, Wilson Uwujaren.

He was responding to allegations of fraud.

Obasa, a two-time Speaker of the House, has been facing several allegations of corruption.

He was accused of using his office to misappropriate funds and allocate contracts to himself through third party sources, as well as acquaintances.

The allegations prompted the Lagos Assembly to set up a panel of inquiry which investigated the claims.

The speaker, who denied all allegations of fraud, was subsequently cleared of any wrongdoing by the house panel.

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