THE House of Representatives Committee on Financial Crimes seems to have absolved the former chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Lamorde, of the allegation of N1trillion theft that was the subject of a Senate committee probe towards the end of his tenure at the anti-graft agency.
Chairman of the House Committee, Kayode Oladele, in an interview with The Guardian stated that the committee could not establish the veracity of the allegation made by one George Uboh against Lamorde last year.

Oladele, stated that even the current acting chairman of the EFCC, Ibrahim Magu told the committee that it was not possible to tamper with exhibit, adding that such monies recovered from suspects are regarded as exhibits, which must be returned to owners if they are acquitted of the case.

“We have cases pending in court. Any money recovered cannot be paid into the federation account until the court convicts that person and there is order of forfeiture. To that extent, money recovered by the EFCC still belongs to the owners until that person is convicted. So if EFCC retrieved trillions from people, many cases are still pending in court and we believe that such monies are being held in trust in an account, they call it Recovery Account, pending that person’s conviction.

“So how would anybody take an exhibit? What if tomorrow the person is released and acquitted, who pays the money? And up till today, we have not been told that anybody said after his acquittal, he has not been given his money back. As a matter of fact, the money is paid into an account with compound interest,” he said.

Oladele described the petition against the EFCC and Lamorde, as a case of corruption fighting back. According to him, the petitioner, Uboh, is being investigated by the EFCC in connection with allegations of fraud at Police Equipment Fund.


http://www.ngrguardiannews.com/2016/02/we-cant-establish-n1tr-theft-by-lamorde-says-reps-panel/

Ok

Great

1 trillion Naira stolen by Larmode? If that is true it means Nigerians citizens are all sombies.

Money theft Efrywhere In Nigeria

With this, I suppose it's time the anti-graft war of this administration will cease from being started and stopped on the pages of newspapers, on electronic media and on social media.

It must end the incessant inordinate act of passing judgement on the accused even before investigations are completed, let alone commenced, as it has been the case lately.

Too bad that this man had already been dented black, as well as his friends, associates and other well meaning Nigerians he had any dealings with even before he would be investigated or tried by a competent court.

I know so much billions has been budgeted for Lia Mohammed and his ministry for Propaganda cum noise in order to flood Nigerians with the possibility that this government is working.
But, who ever said that it is until we achieve all the media hype about corruption-fight before The anti-corruption war would have been fought and won?
It is getting out of hand and the noise is further damaging the image of Nigeria the world over.
Enough is enough.

#nigerians are not all corrupt/criminals

Opinedecandid:
[s]With this, I suppose it's time the anti-graft war of this administration will cease from being started and stopped on the pages of newspapers, on electronic media and on social media.

It must end the incessant inordinate act of passing judgement on the accused even before investigations are completed, let alone commenced, as it has been the case lately.

Too bad that this man had already been dented black, as well as his friends, associates and other well meaning Nigerians he had any dealings with even before he would be investigated or tried by a competent court.

I know so much billions has been budgeted for Lia Mohammed and his ministry for Propaganda cum noise in order to flood Nigerians with the possibility that this government is working.
But, who ever said that it is until we achieve all the media hype about corruption-fight before The anti-corruption war would have been fought and won?
It is getting out of hand and the noise is further damaging the image of Nigeria the world over.
Enough is enough.

#nigerians are not all corrupt/criminals[/s]

WTF is this Wailing Ipod Ekpa saying?? Were you people not the ones who accused, prosecuted and convicted Lamorde on the internet and pages of newspapers just to blackmail the president into dumping his anti-corruption war?? Were your Wailings not the cardinal reason the man was sacked?? Now, you are back to feast on your own puke.

I pray you guys receive sense someday. This is getting out of hand.

By the way, newspapers will always report news of government activities whether you Ipod defenders of Universal Goats like it or not. It is up to you not to read such news as it is the duty of the press to source and report the news they get.

You can spend all your time listening to radio biafra or commenting on their fb page if you aren't comfortable with Nigerian news.

Thanks.

Iroh88:
WTF is this Wailing Ipod Ekpa saying?? Were you people not the ones who accused, prosecuted and convicted Lamorde on the internet and pages of newspapers just to blackmail the president into dumping his anti-corruption war?? Were your Wailings not the cardinal reason the man was sacked?? Now, you are back to feast on your own puke.

I pray you guys receive sense someday. This is getting out of hand.

By the way, newspapers will always report news of government activities whether you Ipod defenders of Universal Goats like it or not. It is up to you not to read such news as it is the duty of the press to source and report the news they get.

You can spend all your time listening to radio biafra or commenting on their fb page if you aren't comfortable with Nigerian news.

Thanks.

Every one that constructively opines against your biases is an IPOB, right?
That proves your level of mental demention!

It is obvious our so called reps are dummies

I have one question... what happens to the interest generated from this cash stached in this account

BEST RESPONSE EVER

Iroh88:
WTF is this Wailing Ipod Ekpa saying?? Were you people not the ones who accused, prosecuted and convicted Lamorde on the internet and pages of newspapers just to blackmail the president into dumping his anti-corruption war?? Were your Wailings not the cardinal reason the man was sacked?? Now, you are back to feast on your own puke.

I pray you guys receive sense someday. This is getting out of hand.

By the way, newspapers will always report news of government activities whether you Ipod defenders of Universal Goats like it or not. It is up to you not to read such news as it is the duty of the press to source and report the news they get.

You can spend all your time listening to radio biafra or commenting on their fb page if you aren't comfortable with Nigerian news.

Thanks.

If his hands are clean, why did he run away? I dont believe this.

Pidggin:
Most of the cases on media trial have been refuted after proper investigations are made, and some people still believe the lies, zombies are gullible

But the wailers were the one that alleged the man of 1tr naira that lead to his sacking by mr president.

Opinedecandid:
With this, I suppose it's time the anti-graft war of this administration will cease from being started and stopped on the pages of newspapers, on electronic media and on social media.

It must end the incessant inordinate act of passing judgement on the accused even before investigations are completed, let alone commenced, as it has been the case lately.

Too bad that this man had already been dented black, as well as his friends, associates and other well meaning Nigerians he had any dealings with even before he would be investigated or tried by a competent court.

I know so much billions has been budgeted for Lia Mohammed and his ministry for Propaganda cum noise in order to flood Nigerians with the possibility that this government is working.
But, who ever said that it is until we achieve all the media hype about corruption-fight before The anti-corruption war would have been fought and won?
It is getting out of hand and the noise is further damaging the image of Nigeria the world over.
Enough is enough.

#nigerians are not all corrupt/criminals

You are foolish.

BlackMaria:

You are foolish.

I must not answer you in your class' diction and vocabulary for you to get what you deserve.
You sure belong to a class with or without my saying it, and your due will sure come to you.

Opinedecandid:



I must not answer you in your class' diction and vocabulary for you to get what you deserve.
You sure belong to a class with or without my saying it, and your due will sure come to you.

It still doesn't change the fact.
You are foolish.

While some swines called wailers will blame PMB for not arresting a man without any evidence!!!!

BlackMaria:

It still doesn't change the fact.
You are foolish.

We have one fool.
You are the FOOL here.

Stupid idiot who can't make simple analysis and brief comprehension order than writing 'you are a fool' over and over again.
I can see how demented you are. Ewu.

Your profile says it all, stupid attention seeker.

Opinedecandid:


We have one fool.
You are the FOOL here.

Stupid idiot who can't make simple analysis and brief comprehension "order" than writing 'you are a fool' over and over again.
I can see how demented you are. Ewu.

Your profile says it all, stupid attention seeker.

And you who make simple analysis and brief comprehension didn't deem it fit to know that all you posted above is trash. How will you know,when you are nothing but an ipob tout wailing over the PMB administration.
Next time,it's other not "order". FOOL.

BlackMaria:

And you who make simple analysis and brief comprehension didn't deem it fit to know that all you posted above is trash. How will you know,when you are nothing but an ipob tout wailing over the PMB administration.
Next time,it's other not "order". FOOL.

You an idiot, as long as you keep thinking that every one who constructively criticises president Buhari is an IPOB.

Foolishness is your surname, ebot.

Opinedecandid:


You an idiot, as long as you keep thinking that every one who constructively criticises president Buhari is an IPOB.

Foolishness is your surname, ebot.

Are you not an ipob follower. Udene.