Obasa: Court freezes accounts of Lagos speaker pending investigation into fraud allegations

Obasa: Court freezes accounts of Lagos speaker pending investigation into fraud allegations

A Federal High Court, Lagos, on Thursday, October 8, issued an order to freeze the three accounts belonging to the embattled Speaker of the Lagos State House of Assembly, Mudashiru Obasa.

The order made on September 15 followed an ex-parte motion filed by the Economic and Financial Crimes Commission (EFCC) which is questioning the speaker for alleged graft.

1st News gathered that based on the court paper signed by the Registrar, Adebimpe Oni, the three accounts with Standard Chartered Bank are under restriction pending the conclusion of the substantive probe of Obasa.

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

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The EFCC had earlier on Thursday questioned Obasa for alleged graft.

The commission’s Head of Media and Publicity, Wilson Uwujaren, who confirmed the development to journalists in Lagos; however, dismissed reports that the speaker was arrested by operatives of the anti-graft agency.

Obasa, according to him, was invited to the EFCC zonal office in Ikoyi, Lagos, to defend himself on the allegations leveled against him.

“He was invited, not arrested. He is responding to questions,” Uwujaren said.

The speaker appeared before the House panel of inquiry in July on corruption allegations.

Meanwhile, President Muhammadu Buhari, on Thursday, October 8, lamented that low revenue generation to fund annual budgets has been the greatest challenge being faced by his regime.

Buhari made this disclosure while presenting the 2021 Appropriation Bill to a joint session of the National Assembly on Thursday.

The president further stated that supervising ministers had been ordered to ensure strict monitoring of revenue-generating agencies under their supervision.

The President emphasised that “revenue generation remains our biggest challenge.”

Meanwhile, the National Assembly will be funded with N128 billion in 2021.

This is as Buhari admitted that the Federal Government is spending more on recurrent expenditure.

The President blamed this on non-existent personnel (ghost workers) and unauthorised allowances introduced by Ministries, Departments, and Agencies.

He, therefore, ordered heads of the MDAs to get approval before any recruitment.

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