The Economic and Financial Crimes Commission, EFCC, has said a former accountant-general of the federation, Jonah Otunla, will be arraigned for fraud on Thursday at the Federal High Court, Abuja. Otunla, alongside eight companies linked to him, is facing a five-count money laundering charge, totalling N2 billion.
The companies are Gold Reef Industries Limited, Lambster Nigeria Limited, G.C Electronic Limited, Sinmilak Nigeria Limited, Wehsac Farms Limited, Shepherded Field Global Resources Limited and Stellavera Development Company Limited.
Otunla was said to have withdrawn illegally N2billion from the account of the Office of the National Security, ONSA, in the Central Bank of Nigeria, between June and August 2013.
Otunla had allegedly claimed the money was for the supply of security equipment, but diverted it.