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N4bn Campaign Funds: Falae firm’s account frozen

written by Samuel Etuk May 10, 2016
N4bn Campaign Funds: Falae firm’s account frozen

The Economic and Financial Crimes Commission has frozen the bank account of a company belonging to a former Secretary to the Government of the Federation, Chief Olu Falae, The Punch reports.Chief-Olu-Falae

It was gathered  that the account with the United Bank for Africa titled Marecco Nigeria Limited with number 1000627022, was frozen as part of investigations into the N4bn disbursed by the Goodluck Jonathan Campaign Organisation during the build-up to the 2015 presidential election.

It would be recalled that Falae had received N100m on behalf of his party, but said he was not aware that the money belonged to the Government and it wasn’t a personal fund but something he got on behalf of his party.

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Samuel Etuk

Passionate unapologetic Nigerian, highly spontaneous, web content writer cum social media strategist, gidi hustler and Akwa-ibomite in diaspora

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