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Published On: Mon, Sep 7th, 2015

Security Expert, Uboh Accuses EFCC Boss, Larmode of Not Remitting Seized N2tn

George Uboh

George Uboh

LAGOS SEPTEMBER 7TH (URHOBOTODAY)-The Chief Executive Officer, Panic Alert Security System, Mr. George Uboh, while appearing before the Senate Committee on Ethics, Privileges and Public Petition on August 26, had disclosed how the Chairman of the EFCC, Ibrahim Lamorde, allegedly short-changed Nigeria of over N2tn.
Uboh, in an interview with journalists in Abuja on Saturday, said the over N1.7bn recovered from 15 companies was “over-due taxes on behalf of FIRS.”

According to him, a breakdown of the N1,767,594,842.65 said to have been recovered by the EFCC and list of the 15 companies include: Zakhem Construction Limited — N401m, Daewoo Nigeria Limited — N208m, WAPCO — N311m, Mikano International Limited —N16m, Protea Hotel, Apo Apartments — N10m, Reiz Continental Hotels — N32m, Coscharis Motors Limited — N130m, Elizade Nigeria Limited — N555m and ITCC Technical Limited, Kaduna — N47m.
Others are Grand Ibro Hotel, Abuja — N14m, Efab Properties, Abuja — N19m, Le Meridien Hotel, Port Harcourt – N10m, Northern Nigeria Flour Mills Plc – N2.7m, Ni’ Ima Guest Palace – N2.8m and Okomu Oil Palm Plc – N5m.
He alleged that the money was not remitted to the agency, saying, “FIRS in its submission denied receiving any payments/transfers from EFCC in respect of the said companies.”
Documents Uboh made available to journalists showed that the funds were recovered between 2010 and 2011.
The security expert said members of the public interested in getting details of his earlier N2tn seized by EFCC but unremitted to government should download the documents from his website: www.pasecng.com.
The petitioner also expressed his readiness to expose the country’s former presidents, vice presidents, current and ex-governors as well as the current administration over numerous shady practices.
“EFCC has been the house of refuge where looters hide. I want to demystify EFCC”, Uboh stated.

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