A tip-off by a whistle blower on Tuesday, 11 April has led to the discovery by the Economic and Financial Crimes Commission, EFCC, of N4 billion kept in two separate accounts at the GTB Plc.
The money was suspected to be proceeds of crime.
Investigations as to the owner of the funds revealed that the money belongs to a former deputy governorship candidate in Niger State.
The suspect uses the names of two companies– Katah Property & Investment Limited and Sadiq Air Travel Agency- in laundering the funds.
Each of the company has N2 billion fixed in its deposit account domiciled in the bank.
The suspected owner of the account and the account officer are currently on the run.
Whistleblowers have become very active in recent days, exposing slush funds and accounts to the authorities, especially the EFCC.