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Home News

CCB Set To Probe Atiku SPV Embezzlement Of Funds, Invites Keyamo

byGLAMTUSH
March 30, 2023
in News, Nigeria News
Reading Time: 2 mins read
Atiku Abubakar
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CCB is set to probe Atiku SPV embezzlement of funds, invites Keyamo.

 

Glamtush reports that the Code of Conduct Bureau (CCB) will begin investigations into a petition against former Vice President, Atiku Abubakar, concerning a Special Purpose Vehicle (SPV) that he allegedly used to divert funds between 1999 and 2007.

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This online newspaper understands that the Minister of State for Labour and Employment, Festus Keyamo, filed a petition against Atiku at the Federal High Court, Abuja,

Keyamo joined CCB, Independent Corrupt Practices and Other Related Offences Commission and the Economic and Financial Crimes Commission as 2nd, 3rd and 4th defendants respectively, while Atiku is the first defendant.

In the suit, the plaintiff sought a declaration of the court that Atiku was legally obligated to make available to the 2nd, 3rd and 4th defendants information in respect of a bank account belonging to a company – Marine Float.

To aid the investigations, Keyamo also sought a declaration that the former vice president was under legal obligation to make available information in respect to accounts of two other undisclosed companies which he disclosed to one of his close aides by name Michael Achimugu, as to how the said accounts were used as a “Special Purpose Vehicles” to secretly divert and misappropriate public funds between 1999 and 2007 when the 1st Defendant served as Vice President of Nigeria.

The CCB, on Tuesday, formally confirmed receipt of the petition and extended an invitation to Keyamo.

Festus Keyamo Chambers confirmed the invitation on Thursday in a press release signed by John Ainetor, Assistant Head of Chambers, in Lagos.

“The Bureau has invited our client Mr Festus Keyamo to come forward to adopt his petition and to help it to secure the presence of the whistleblower, Mr Michael Achimugu to assist in the investigation.

“Mr Keyamo assures that the crusade for accountability in respect of this issue was not a campaign gimmick, as he promises to follow it through to a logical conclusion, even after the victory of the President-elect, Bola Tinubu.”

Glamtush recalls that Festus Keyamo had petitioned the CCB to probe Abubakar, the Peoples Democratic Party (PDP) Presidential candidate in the just concluded 2023 general elections, following the revelation by Atiku’s former lawyer, Michael Achimugu, alleging financial misconduct during the former’s reign as Vice President.

 

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