Amaechi in Fresh Trouble As Buhari Orders EFCC to Investigate $757 Million Theft Allegation

President Mohammadu Buhari has secretly asked the leadership of the Economic and Financial Crimes Commission (EFCC) to immediately investigate and prosecute a former governor of Rivers State who is also the Minister for Transportation, Mr. Rotimi Amaechi, over the $757 million (N80 billion Naira) that was allegedly found in his Bancorp Bank account in the United States of America.
It would be recalled that Mr. Rotimi Amaechi recently wrote to Bancorp Bank in Minnesota in the United States and claimed that the said $757 million Dollars domiciled in an account in his name was authorized by him in error from a Rivers State Government Account with Access Bank Plc.

But a source at the Presidency told Nigerian Concord Newspapers that President Buhari had personally called Amaechi several times to explain his roles In the alleged laundering.

According to the source, Mr. Amaechi’s explanation didn’t go down well with Buhari who vowed to ensure that he gets to the truth of the matter.

It was gathered that the president this morning instructed the EFCC’s chairman, Mr. Magu, to secretly investigate Amaechi’s role and bring him to justice immediately his involvement is confirmed.
Buhari’s action was a follow up to a letter that the bank wrote to the Presidency that it was ready to repatriate the said funds to Nigeria.
Buhari, it was gathered, is very angry with the Transportation Minister for lying in his two letters to the US bank another bank in Switzerland that all the monies found in his foreign accounts in the two countries were transferred in error from a Rivers State government account with Access Bank while he was governor of the state.Amaechi’s letter to the US bank stated that the said transfers to both banks were for the purchase of security Helicopters, payments to a foreign company to combat malaria in Rivers state by using helicopters to spray mosquito insecticides, and for the purchase of an official residence for Mr. Rotimi Amaechi, in America.
The letter further explains that the payments for the security helicopters, and mosquito insecticides to fight malaria were made through other sources, after the funds had already been transferred abroad.
It also reminds the bank that the Rivers state law on his severance package, provides for an official residence for a former governor; of which he chose to have his residence in America.
Amaechi said that, this law was later amended to have his official residence built in Nigeria, after the funds had already been transferred to his Bancorp Bank account.
Mr. Amaechi said these changes were the reasons he communicated the consultants for purchase of security helicopters, his official residence in the U.S and the Insecticide companies not to access the funds; since they have been paid through other sources.



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Benue Blog Portal: Amaechi in Fresh Trouble As Buhari Orders EFCC to Investigate $757 Million Theft Allegation
Amaechi in Fresh Trouble As Buhari Orders EFCC to Investigate $757 Million Theft Allegation
Benue Blog Portal
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