The Economic and Financial Crimes Commission, EFCC, on Thursday, January 3, 2013 took possession of 48 properties of the former governor of Bayelsa state, Mr. Timpre Sylva who is being prosecuted at a Federal High Court in Abuja for alleged misappropriation of N6.46 billion state funds when he was governor of the state.

A former manager with Intercontinental Bank Plc( now Access Bank), Mr. Olayinka Sanni and Personal Assistant to Adeyemi Ikuforiji, Speaker of the Lagos State House of Assembly, Mr. Oyebode Atoyebi have been arrested by the Economic and Financial Crimes Commission, EFCC, over a case of conspiracy, stealing and forgery amounting to about N1.5billion.

Another attempt by embattled Chairman of Bi-Courtney Highway Services Limited, Wale Babalakin to stop the Economic and Financial Crimes Commission, EFCC from prosecuting him on money laundering charges failed today as Justice Ibrahim Buba of the Federal High Court, Lagos dismissed his application.
He had approached the court, seeking an order to enforce his fundamental human right by way of preventing the EFCC, agents or security agencies of government from harassing, arresting or detaining him, further to the charge filed by the EFCC at the Lagos High Court.

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