Bank Reports Shows How Lagos State Speaker Transferred 51 Million to an Unknown Account 11 Times on Same Day

Bank Reports Shows How Lagos State Speaker Transferred 51 Million to an Unknown Account 11 Times on Same Day

Financial records of Mr. Obasa’s recently showed how the politician executed a laundry of suspicious transactions using several companies linked to him.

On October 30, 2018, Mr. Obasa received exactly N51,680,672.91 each into his company De Kingrun Multipurpose Limited account in a string of eleven transactions on exactly the same day.

The transactions, totalling N568,487,402.01, were the only activities that reflected on the account throughout that year, indicating that they were proceeds of an unexplained deal executed by the Speaker.

The suspicious funds were received through De Kingrun’s account number 1017424021 with UBA, which did not return a request seeking comments about the transactions.

Recently, the media had published a series of corruption claims against the Speaker since March, and the EFCC has called him in for questioning as part of its investigation into the charges. De Kingrun was amongst several companies linked to Mr. Obasa, but bank transaction details relating to the politician and his firms are just being uncovered.

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