Aminu and Mustapha Lamido Arrested For Money Laundering
Sons of Jigawa State governor Alhaji Sule Lamido were yesterday [November 14, Thursday] arrested by the Economic and Financial Crimes Commission. They were apprehended in Kano in the evening, and were subsequently moved to the EFCC headquarters in Abuja on Friday morning, where they are being interrogated by a team of detectives.
According to inside sources, Aminu and Mustapha Lamido's arrest follows the investigation that commenced in December 2012. It will be recalled that Aminu Sule Lamido was on his way to Cairo, Egypt when he was arrested at the Mallam Aminu Kano Airport for failing to declare the $50,000 he had on him.
Despite his prosecution, further investigations into the matter uncovered a web of money laundering. Billions of naira from Jigawa state government accounts were funnelled into the accounts of companies run by the Jigawa state governor and his two sons.
Till date, over N10billion have reportedly been transferred from Jigawa state government accounts into the accounts in which Sule Lamido and his two sons have interest from 2007.
In the course of investigation, the EFCC have traced the transfers to a number of companies where Lamido and sons are directors and signatories to the account. The companies are Bamaina Alluminium Limited, Bamaina Holdings Limited, Bamaina Company Nigeria Limited, Rawda Integrated Services Limited, Speeds International Limited and Saby Integrated Nigeria Limited.
The account of these companies received huge cash inflow between 2007 and 2013, a period that coincide with the tenure of Sule Lamido as governor of Jigawa state.
More details later...
Source: Legit.ng
