The Economic and Financial Crimes Commission (EFCC) has faulted the claims of Benue State government over the alleged freezing of its banks accounts.
The agency added that the only step it took was to caution the banks in view of continuous massive withdrawal on seven accounts despite ongoing investigation since 2016.
A top source at the commission disclosed this to The Daily Times on Friday night.
The source further explained that the caution on the banks was through an instrument- Post No Debit (PND), saying that the PND could only lasted for 72 hours.
The source said: “Contrary to the false alarm and spurious allegations by Benue State government, the commission did not freeze its accounts.
“What we have done is to urge the banks to exercise caution over suspicious transactions and massive withdrawals on the seven banks accounts despite investigation by the EFCC since 2016. Over N23billion had been diverted from the accounts.
“In this case, there will be PND on the accounts which will only last for 72 hours.
“So the claims of Benue State government are false while massive withdrawals are still ongoing despite investigation on seven accounts.
“Please note that most of the withdrawals exceeded the threshold of cash withdrawals of N5 million for individuals and N10 million for corporate organisations, thereby engaging in money laundering.
“How can the state government justifies the cash withdrawals of N500million in a day all in the name of security.
“All the invited directors of finance and cashiers invited had confessed how they withdrew cash and disbursed on directives while they were directed to destroy the documents.
“I also wish to state that only the court can grant order to freeze bank accounts of states where facts are placed before it over money laundering and suspicious withdrawals.
“Please note that a petition from the former Commissioner of Police, Lagos State Command, Mr. Abubakar Tsav, triggered ongoing investigation into the bank accounts since 2016.”