September 17, (THEWILL) – Being on the side of the present political dispensation has more than paid off for Mudashiru Obasa, the Speaker of the Lagos State House of Assembly. The latest dividends of being a member of the ruling All Progressives Congress, APC, is being declared free of financial impropriety. His bank accounts, which were frozen in September 2020 by the Federal High Court in Lagos on request from the Economic and Financial Crimes Commission, EFCC, have all been defreezed. At the time they were put under lock and key, the agency said the accounts were being investigated for the offences of conspiracy, diversion of funds, abuse of office, and money laundering. But the court has granted an order to defreeze the accounts. This was done rather quietly, after an application by Obasa’s lawyers. The three accounts current, savings (both in naira) and US dollar are all domiciled at Standard Chartered Bank. Ironically, the EFCC that froze the account in the first place did not oppose the application to unfreeze the accounts and it also withdrew the money laundering suit it filed. Also, the agency did not provide any specific reason for its application for withdrawal.
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