Eniola Akinkuotu, AbujaThe Economic and Financial Crimes Commission will on Wednesday arraign Mohammed Adamu, the son of the ex-Nasarawa State governor and current lawmaker representing Nasarawa-West senatorial district, Senator Abdullahi Adamu, with alleged fraud to the tune of N92m. The EFCC said in a statement by its acting Spokesman, Mr. Samin Amaddin, that the suspect would be charged alongside one Felix Ojiako before a Federal High Court sitting in Kano on five counts bordering on money laundering. Esin also alleged that the contract resulted in the accumulation of withholding tax to the tune of N1.3m. According to him, the contract was worth N26m but investigation into the alleged fraud revealed that the actual contract sum was N92m. “The suspects allegedly perpetrated the fraud by forging the board resolution of the company in order to open a new account in the company’s name where the proceeds of the contract were subsequently deposited,” the statement added.

Source: Punch January 16, 2018 17:26 UTC