A senator of the Federal Republic of Nigeria is presently in hot soup as the Economic and Financial Crimes Commission (EFCC) is looking into how the lawmaker operates 20 accounts in six banks with different signatories.

We gathered that the senator allegedly used a company to buy a luxury house in Apapa, Lagos, belonging to a State Government for N805 million. However, we were told by those in the know that the Code of Conduct Bureau (CCB) record revealed that the senator did not declare all the companies and bank accounts he has despite being operational prior to the time he made the declaration.

A source at the EFCC disclosed that: “We have traced five companies to the senator.  Our team has discovered that the senator’s personal and companies’ bank accounts were linked to a bank verification number (BVN) which has more than 20 accounts domiciled in six banks. But his relative is the sole signatory to the accounts.”

“They also located one foreign account identified with the senator in HSBC Bank in Marbile Arch London, United Kingdom. So far, the senator has questions to respond to bordering on false asset declaration, official corruption, procurement fraud, tax avoidance, false information, impersonation and embezzlement of public funds. We are almost concluding the investigation of the senator. We will soon invite him for interview.”