N1.4BN FRAUD: NBA PRESIDENT, PAUL USORO HAS A CASE TO ANSWER – EFCC

LAGOS, Nigeria – The Economic and Financial Crimes Commission (EFCC) today said that the President of the Nigerian Bar Association (NBA), Mr. Paul Usoro has a case to answer over alleged N1.4 billion fraud.

In a statement, acting spokesman of the commission, Tony Orilade who was reacting to the speech made by Paul Usoro, SAN, at the Association’s National Executive Committee, which held on December 6, 2018 in Abuja, said “the EFCC had invited Usoro in June this year, to explain his role regarding the inflow of N300 million (Three Hundred Million Naira) from the Akwa Ibom State Government’s Account into the account of Paul Usoro Chambers, PUC.

“Usoro was also questioned on the aggregate inflow of N1, 110,000,000 (One Billion One Hundred and Ten Million Naira)from the state government’s account into the bank account of PUC.”

The EFCC said that under interrogation, Usoro had claimed that the various sums of money received from the Akwa Ibom State Government, under the administration of Gov. Udom Emmanuel, were payments for “legal fees” to him and other “eminent members of the Inner Bar and a host of other members of the Outer Bar that he had engaged to work with him in respect of the Election Petition matter” involving the governor.”