N4bn Campaign Funds: Falae Firm’s Account Frozen

The Economic and Financial Crimes Commission has frozen the bank account of a company belonging to a former Secretary to the Government of the Federation, Chief Olu Falae, The Punch reports.

It was gathered that the account with the United Bank for Africa titled Marecco Nigeria Limited with number 1000627022, was frozen as part of investigations into the N4bn disbursed by the Goodluck Jonathan Campaign Organisation during the build-up to the 2015 presidential election.

It would be recalled that Falae had received N100m on behalf of his party, but said he was not aware that the money belonged to the Government and it wasn’t a personal fund but something he got on behalf of his party.

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