Breaking News, Nigeria, Africa, World, Politics, Entertainment, Sports, Technology, Business, News

Lamorde Declared Wanted Over Alleged N1trn Fraud

0 36
[caption id="attachment_5734" align="alignnone" width="600"]Ibrahim Lamorde, Former EFCC Chairman[/caption]

The Senate committee on Ethics, Privileges and Public Petitions is set to issue a warrant of arrest on former chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Lamorde, over alleged diversion of N1trillion recovered stolen funds.

The recommendation was made by the Chairman of the Committee, Senator Samuel Anyanwu (PDP, Imo East), while delivering the report of his committee on the petition written by one Mr. George Uboh on the alleged diversion of the recovered stolen funds.

Uboh, in his petition, had accused Lamorde of diverting 95 percent of EFCC’s recoveries in foreign currencies, adding that the EFCC under Lamorde conspired with real estate companies to undervalue seized assets before they were sold.

Anyanwu said although Uboh has appeared before his committee to defend his claims, Lamorde was yet to appear.

RELATED:  MainaGate Casts Doubt On Buhari's Anti-Corruption Crusade

He noted that the committee has since November 24, 2015, waited for the appearance of Lamorde, adding that it was evident that the former EFCC boss wanted to evade investigation.

“Consequently, the committee reasoned that the way to get the former EFCC chairman, Mr. Ibrahim Lamorde to appear before it was to invoke the powers of the Senate in section 89 of the 1999 Constitution of the Federal Republic of Nigeria and compel his attendance.

“Unless this is done, the National Assembly might be drawn into consequential disrepute in the future,” he said.

RELATED:  EFCC Moves Against Babachir