Money laundering: Court freezes 21 bank accounts, orders holders’ arrest

“An order of the court, directing the bank to apprehend the account holder or any person transacting business on the said account and contact the police through this number 09011483807”

Giving two grounds, the lawyer said the accounts are subject of investigation and are reasonably suspected to be warehousing proceeds of unlawful activities or fraud.

He said, “If there is any dealing with the accounts by way of withdrawal or transfer to another account by the person under investigation/investigator and the person that have absolute power to deal with the account will render nugatory any consequential order(s) which the court may make at the conclusion of this application.”

In the affidavit deposed to by Glory Ohio, a detective with the Nigeria Police Force attached to Force Criminal Investigation Department, on Feb. 12, 2024, the I-G received a petition bordering on stealing and breach of trust which preliminary investigation revealed to be money laundering.

Ohio averred that the head of the team was assigned to investigate the complaint to determine the allegations contained in the petition and investigations were initiated in that respect.

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“That the complainant alleged that, he needs a (SPV) Special Purpose Vehicle company to enable him secure the contract with Nigeria Navy which led him to entered a joint venture agreement with the defendant who has the company name Indetix Limited.

“That the petitioner was offered contract to supply ICT Equipment and Accessories, supply 10 wooden canoes and out Board engines, supply of 13x115HP Yamaha 4-stroke long shaft outboard engines, supply and installation of inverter batteries and supply of outboard engines and firefighting equipment.

“That the Nigeria Navy offered the petitioner the contract and both parties open a joint account with Zenith Bank where they made themselves the two signatories to the account.

“That both parties concerned drafted memorandum of understanding and a clause spelt the sum of 15% of the profit to be paid to the defendant and parties append their signatures.

“The Nigeria Navy disbursed the contract sum in instalment to be used in execution of the contract.
“That the petitioner received a letter from the complainant that he is not comfortable with the first agreement signed by both parties for 15% of the profit rather a 7.5% of the total sum of the contract to his own share of the contract.

“That the petitioner disagreed with the proposal and the new terms intended to be smuggled into parties earlier agreement.

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“That the refusal of the petitioner does not go well with the suspect as a result of which the suspect sent a purported company resolution to the bank and removed the petitioner as a signatory to the joint account, which makes him the sole signatory.

“That his act was motivated in furtherance of his clandestine motives to steal from the joint account and he did stole money under the guise of purchase of the board engine.

“That the suspect further transferred the contract sum paid into the joint account to various accounts in other to disguise the origin of his illegal activities,” the officer said.

Ohio said the purported money disbursed for the purchase of the engine board was later transferred back to the suspect different account from the joint account.

According to the detective, this is done to promote money laundering and conceal his illegal activities.

The officer said the intelligent report gathered so far revealed that the suspects were making effort to transfer or withdraw money from the accounts and that unless the court grants the order, otherwise, the investigation will be jeopardise.