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Thursday 27 April 2017

Reps Probe NIA Over N13bn Ikoyi Cash...

On Wednesday,The House of Representatives,  resolved to investigate the ownership of the $43m (over N13bn) uncovered in an apartment in Ikoyi, Lagos, by the Economic and Financial Crimes Commission.

The cash was recovered in a building, located at Osborne Road, 
during a raid conducted on April 12.
Lawmakers said the investigation had become necessary owing to the controversies surrounding the “actual owner” of the cash in the light of the admittance by the National Intelligence Agency that the money belonged to the agency.
Mr. Babatunde Kolawole,a House of Representatives member from Edo State passed the motion to investigate the recovery.Mr. Babatunde recalled that the cash included “$42m”; “£27,000” and “N23m.”

He added that the conflicting ownership accounts of the money had raised suspicion that it might be “proceeds of crime or intended for money laundering or electioneering purposes.”
In passing the motion, lawmakers noted that though the executive arm of government was already probing the cash recovery, the House would also conduct its own independent investigation into the matter.
In a separate resolution, the House called for a status report on the total amount of stamp duty charges collected by the Nigerian Postal Service since the policy started.
The motion was moved by Mr. Odeneye Olusegun.

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