EFCC arrest Ayade’s in-law over money laundering amounting to over N2 billion


The Economic and Financial Crime Commission, EFCC has allegedly arrested the in-law of Dr Frank Ayade, younger brother to Governor Ben Ayade of Cross River State.

Ayade’s in-law, Kenneth Ishamali (popularly known as Abacha), was nabbed on Friday and detained in the EFCC net for withdrawing money in multiple tranches, amounting to over N2billion, from one of the new generation commercial banks and allegedly funnelled to his in-law, Dr Frank Ayade.

According to CrossRiverWatch, the money is said to have been withdrawn from the account of a contractor who was awarded a multibillion naira job by the Cross River State Government.
“Abacha is being detained over funds withdrawn in multiple tranches, amounting to over 2billion Naira.

“The withdrawal was from one of the new generation commercial banks and allegedly funnelled to Mr Frank Ayade, the younger brother of the State Governor”,

The Report added that “Earlier today (Friday), the Chief of Staff to Governor Ben Ayade, Mr Martins Orim, was frantically mobilising lawyers from the Cross River State Ministry of Justice to go to the EFCC Zonal Office in Uyo, Akwa Ibom State to seek the release of Abacha”.

It is not yet understood whether he has been released by the EFCC.

Comments

Post a Comment

Popular posts from this blog

Google removes Adamu Garba’s Crowwe app from Play store

Image
Google has removed Crowwe, a social media app owned by a former presidential aspirant, Adamu Garba, making it much harder for Android users to download and access the app. Mr Garba, a member of the ruling All Progressives Congress had said he created the Crowwe app as a home-grown alternative to foreign giants like Twitter, Facebook and Instagram. And he has recently been vocal about his homegrown alternative amid the ongoing suspension of Twitter operations in the call. “Join Crowwe now! Build your country, Build your people and Build your Brand. Join Crowwe now., Garba tweeted moments after the ban was announced. “This is the best opportunity to grow Nigeria to Build Nigeria, Crowwe to the World.” However, latest checks by NewsWireNGR revealed that the app has been removed from the most trusted app store for android. There was no statement from the tech giants on why the app was removed from the android app store but NewsWireNGR learnt it is connected to the poor ratings ...
Read more

G7 Countries pledge to end fuel and diesel consumption by 2030

Image
The group of G7 countries have agreed on a plan to end reliance on fuel and diesel-powered cars by 2030. As part of a comprehensive Green Belt and Road Initiative aimed at providing developing countries with billions of dollars in aids and investments required to curb carbon emissions, the G7 countries also see this initiative as an alternative to China’s belt and road initiative which China has promoted in Africa and developing countries. According to a report published by the British Government, the G7 nations want to consent to a “nature Compact” that will “halt and reverse: biodiversity loss by 2030. The plan includes conserving or protecting 30% of more of land and ocean respectively globally by the end of 2030. “The G7 will endorse a Nature Compact at this afternoon’s meeting to halt and reverse biodiversity loss by 2030 – including supporting the global target to conserve or protect at least 30 percent of land and 30 percent of ocean globally by the end of the decade...
Read more