Court orders freezing of accounts belonging Lagos state number plate company

JUSTICE Mohammed Idris of Federal High Court in Lagos on Monday ordered the freezing of the Bank account of the Lagos State Government Number Plate Production Authority over an alleged fraud of N3bn.

The Judge made the order after the Economic and Financial Crimes Commission (EFCC) brought an exparte application before the court.

Justice Idris ruled that the account would remain frozen pending the conclusion of EFCC’s investigation into the alleged N3bn fraud.

The order also affected 32 other bank accounts belonging to companies, which were allegedly used to divert the N3bn from the Lagos State Government Number Plate Production Authority.

In an affidavit attached to the ex parte application, the EFCC said its preliminary investigation revealed that the funds were diverted while Mr Folorunsho Coker was the Managing Director of the Lagos State Government Number Plate Production Authority.

The companies whose accounts were also frozen include a law firm, Rimi and Partners, which, the EFCC said, has Coker’s wife, Mrs Aisha Rimi, as the sole proprietor.

Others companies whose accounts were frozen are Ekosina Investment Limited; SW Properties Limited; Imira Trade and Global Services Limited; Lofty Investment Nigeria Limited; Pure Technical Services Limited; and Cable point Limited.

According to an investigator of the EFCC, Olamide Sadiq, who deposed to an affidavit in support of the ex parte application, the probe into the alleged N3bn came after an intelligence report was received sometimes in 2017 by the Nigerian Financial Intelligence Unit.

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According to him, the intelligence revealed that there were suspicious transactions on the account of Rimi and Partners, as there were “heavy inflows in excess of N3bn from the Lagos State Government Number Plate Production Authority, into the account.

“Investigation by the EFCC revealed that Rimi and Partners had 10 bank accounts with a bank.

“Mr Folorunsho Coker was, as at that time, the Managing Director of the 1st respondent (Lagos State Government Number Plate Production Authority) and also the husband of Aisha Rimi, one of the signatories to the accounts of the 2nd and 3rd respondents – Rimi and Partners and Ekosina Investment Limited, respectively.

“Further to the depositions contained in the paragraph above, I know as a fact derived during my investigations that the said Mr Folorunsho Coker was also a signatory to the Bank account number 1011424889 of the 1st respondent.

“Investigations revealed that Aisha Rimi is the major partner in Rimi and Partners and she is also in control of Ekosina Investment Limited, a company seen to have received huge transfers from the Lagos State Government Number Plate Production Authority.

“From preliminary investigations by the commission, the 2nd and 3rdrespondents were used to divert funds from the Lagos State Government Number Plate Production Authority with the influence of Folorunsho Coker, who was the Managing Director of the Lagos State Agency,” the investigator said.