After 24 hours of his arrest , Senator and former Imo state governor, Rochas Okorocha remains under the custody of the Economic and Financial Crimes Commission (EFCC) yesterday over alleged N7.9 billion fraud.
The ex-Imo State governor is the first high profile person to be arrested since the appointment of Abdulrasheed Bawa as EFCC chair. And as at 5pm yesterday, he was still battling to secure administrative bail.
A source in EFCC said: “The former governor has been undergoing interrogation in the last 24 hours. He has not been admitted to bail. There are a lot of transactions which he ought to clarify.
“So far, he has been cooperating with our team. He might need to go through some documents and give his own side.”
In a related development, Operatives of the Uyo Zonal Office of the EFCC also arrested a former Attorney General and Commissioner for Justice in Akwa Ibom State, Uwemedimo Thomas Nwoko for money laundering after trailing him for two years
The ex-AG was said to be “an alleged accomplice in the N1.4billion money laundering charge against a former President of the Nigerian Bar Association (NBA) Paul Usoro.
A top source said: “Nwoko had been at large for over two years. However, he was finally nabbed on Tuesday in Uyo, Akwa Ibom State, for his role in the conversion of N1, 410,000,000,000 property of the Government of Akwa Ibom State.
“He will be charged to court as soon as investigations are concluded.”
But findings showed that the EFCC had traced the N1.4billion to 12 suspected accounts.
Some of the accounts belong to eight top lawyers in the country.
According to claims by one of the suspects, the huge sum was meant for the payment for 16 cases.
But, there were no records of any agreement between any consortium of lawyers and the state government.
According to a fact-sheet on alleged huge transfers to suspicious accounts, the N1.4billion was remitted into the 12 accounts as follows: N135m; N120m; N100m; N60m; N60m; N65m; N570m; N75m; N75m; N75m; N30m; and N45m.
The fact-sheet said: “There was no document tied to specific payment. The deposit also did not specify what the cash was meant for.
“There was no evidence of any agreement between the state government and the beneficiaries of the N1.4billion. The lead coordinator of the lawyers who benefitted from the cash could not say how much was charged and how much was agreed upon.
“The lead lawyer only said the cash was for 16 cases in various courts across the country but only a case was reflected as having gone from the lower court to the Supreme Court.
“The lead lawyer has made statement without any shred of evidence or document to justify the legal contract.”
A source said: “With the arrest of the former Attorney-General of Akwa Ibom State, he will be able to give the details of the cases handled, the agreement with the lawyers and how the cash was disbursed.
“So far, we are suspecting a case of money laundering.”
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