A Federal High Court in Abuja has approved the Economic and Financial Crimes Commission (EFCC)’s request to freeze 67 bank accounts linked to an alleged ₦52.9 million fraud.
Justice Emeka Nwite granted the order following an ex-parte motion filed by EFCC counsel Martha Babatunde, who argued that the funds in the accounts were proceeds of crime requiring preservation for further investigation.
The EFCC investigator, Ikenna Chukwueze, stated in an affidavit that the funds were unlawfully withdrawn from Advance Development Services Engineering Limited’s (ADSEL) account.
The initial ₦50 million was traced to Heasy Enterprises, owned by Taiwo Abubakar Oluwajuwon, and subsequently distributed to various accounts.
Key Findings from the Investigation:
- ₦19.99 million was transferred to Litano Pro Limited Resources.
- ₦11 million sent to Nwezeocha E-N Enterprises.
- ₦21.44 million was transferred to Chigozie Okpala.
- ₦10 million moved to Chukwudalu Jude Owulu.
The accounts, held across multiple financial institutions including Union Bank, Zenith Bank, GTBank, Wema Bank, and fintech platforms like OPAY and PALMPAY, are frozen for 90 days while investigations continue.
The case is scheduled for mention on March 24, 2025.