Lamorde keeps date with Senate next week on alleged N2.051 trillion

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In a case that turns the hunter to the one being hunted, Ibrahim Lamorde, chairman of theEconomic ‎and Financial Crimes Commission (EFCC), will next week face the senate to answer questions on the allegations of N2.051 trillion fraud against him.

Executive Director, Panic Alert Security System, George Uboh had alleged that the anti-graft agency under Lamorde diverted recovered stolen funds amounting to N2.051 trillion.

Next week meeting with the senate will be the second time, the chairman of the anti-graft agency will be honoring invitation from the parliamentary. He sought time to prepare his defence the first time they met.

Chairman, Senate Committee on Ethics, Privileges and Public Petitions, Senator Samuel Anyanuwu (PDP, Imo East), disclosed on Monday that the Committee suspended the investigation for three weeks when it first met, by granting the request by Lamorde, for an extension of time to prepare for his defence.

Earlier in an exclusive chat with INSIDE BUSINESS, Senator Anyanuwu had revealed that the hearing would commence immediately after the screening of ministerial nominees.

The lawmaker also hinted that Lamorde would be re-invited to appear before the committee to respond to the allegations which the petitioner, George Uboh, had presented and defended before the Committee.

The Committee had walked out representatives of the EFCC led by the Director of Legal Services, Chile Okoroma, who appeared before it to defend Lamorde before the investigation was adjourned last August.

According to him, on Naira recoveries alone, “In a December 02, 2011 letter from the EFCC to the Chairman, House Committee on Drugs, Narcotics and Financial Crimes, EFCC stated that the aggregate recoveries from 2004 to 2011 (eight financial years) was  N1,326,754,554,482:80. EFCC did not mention where the N1.3 Trillion recovered was remitted to. EFCC’s claim that it did not recover up to a Trillion is complete false”.

The breakdown according to Anyanwu are:
2004—N7,070,693,130:00
2005—N965,651,737,039:00
2006—N6,622,261,783:79
2007—N7,700,150,381:20
2008—N18,141,628,546:98
2009—N130,885,187,726:83
2010—N52,877,464,867:00
2011—N137,805,431,008:08

He added that “In EFCC’s ‘SUMMARY OF EFCC MONETARY RECOVERIES 2003-MARCH, 2013’ (11 financial years), EFCC stated that the aggregate recoveries for eleven financial years is N497,385,427,485:63; EFCC did not mention where the N497.3 Billion recovered was remitted to, going by the following breakdown-
2003—N974,783,213:06
2004—N21,018,557,263:28
2005—N71,053,996,008:60
2006—N8,199,908,189:03
2007—N41,479,032,319:70
2008—N44,542,822,622:30
2009—N255,306,693,033:55
2010—N10,559,513,355:91
2011—N11,117,460,717:88
2012—N27,844,769,688:19
2013—N5,287,891,074:13

Author: Leke Oseni

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