Saturday, 14 February 2015

EFCC arrests son of former Governor of Adamawa State over financial impropriety

The Economic and financials Crimes Commission ,EFCC has arrested Abdul-Aziz Nyako, son of the former governor of Adamawa State,Murtala Nyako .The arrest came weeks after Abdul-Aziz and his father were declared wanted by EFCC for financial impropriety while in government.Below is a press statement about the arrest.



Barely two weeks after the Economic and Financial Crimes Commission, EFCC, declared former Adamawa State Governor, Murtala Nyako and his son, Abdul-Aziz, wanted, operatives of the anti- graft agency, this morning arrested the younger Nyako in Gombe, Gombe State. He was immediately flown to Abuja where he is currently being grilled by a crack team of detectives who had been working on the Adamawa investigation for several months.
Abdul-Aziz, who was declared wanted by the EFCC in the case of stealing, abuse of office and money laundering, is currently telling investigators all he knows about illicit funds traced to companies where he has interest.
Specifically, he will have to explain how over N15billion funds belonging to Adamawa State was laundered into the accounts of five companies owned by him-  Blue Opal Nigeria limited, Crust Energy Nigeria Limited, Blue Ribbon Multilinks Limited, Tower Assets Management Limited and Blue Ribbon Bureau De Change.
The funds was funned into the accounts of the companies from Adamawa State accounts domiciled in a new generation bank by the account officer who incidentally is the manager and an in-law to ex-governor Nyako.
The manager claimed he transferred the funds through verbal instruction from the former governor  for purposes which are not stated.
Investigations revealed that from 2007 to 2011 within Nyako’s tenure in office, before he was impeached in 2014, he had directed that all of the state owned accounts domiciled in various banks be transferred to the new generation bank .
Abdul-Aziz’s company, Blue Opal, is said to own, among other investments in Nigeria, an estate  in Abuja, while his father’s account officer owns several properties and investments scattered around Abuja, Yola and Kano.
Former governor Nyako is still on the run.
Wilson Uwujaren
Head, Media & Publicity
13th February, 2015

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