Alleged N600m fraud: How Lagos Speaker spent funds on foreign trips, wife – EFCC

Alleged N600m fraud: How Lagos Speaker spent funds on foreign trips, wife – EFCC

EFCC today March 18th revealed how Lagos Speaker Adeyemi Ikuforiji, squandered money on his wife, foreign trips and how on August 1, 2011, N4.4m was paid to him as “cost of allowance”; and his personal assistant and orderly pocketed N1.2m and N1.1m respectively.

Premium Times reports

The trial of the Speaker of the Lagos State House of Assembly, continued Tuesday with the prosecution witness detailing how the defendants allegedly laundered millions of Naira.

Adebayo Adeniyi, the EFCC witness, told the court how the defendants collected N13.5 million for honorarium, N4.5 million for renovation of the Speaker’s residence, and N1.5 million for the Speaker’s Guest House every month for six consecutive months.

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