Skip to content
July 29, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Alleged N30m scam: EFCC arrests ex-NBA Chairman
  • National News

Alleged N30m scam: EFCC arrests ex-NBA Chairman

Admin March 5, 2019

EFCC operatives

EFCC operatives

There was mild drama in Ikeja on Monday as operatives of the Economic and Financial Crimes Commission (EFCC) arrested Mr Yinka Farounbi, a former Chairman of the Ikeja branch of the Nigerian Bar Association (NBA).

The arrest took place at the branch’s secretariat in Ikeja during a monthly meeting of the  branch.

The arrest followed the former  chairman’s alleged refusal to honour an invitation of the anti-graft agency.

The News Agency of Nigeria (NAN) reports that Farounbi’s arrest was initiated by a petition written to the EFCC by three members of NBA, Ikeja branch, over alleged misappropriation of N30 million belonging to the branch.

The petitioners  alleged that Farounbi, in connivance with Mr Adeshina Ogunlana, another former Chairman of NBA Ikeja branch, diverted the funds alongside Mrs Kappo, a former Treasurer of the branch.

Ogunlana honoured an EFCC invitation in February, during which he allegedly spent 81 hours in the custody of the anti-graft commission.

An EFCC source who pleaded anonymity said that the EFCC decided to arrest Farounbi at the NBA meeting following his refusal to honour its invitation, adding that intelligence reports revealed that he would be at the meeting.

There was, however, a mild drama when EFCC operatives stormed the meeting venue to effect Farounbi’s arrest, as Mrs Patience Kalu, one of the operatives, alleged that she was assaulted by a lawyer resisting Farounbi’s arrest.

This made the operatives to call for backup to arrest the lawyer who allegedly assaulted Kalu as she  insisted she would not leave the NBA secretariat until arrest of the lawyer.

Farounbi was accompanied by three Senior Advocates of Nigeria at 4.27p.m.  to a waiting EFCC vehicle and  then to the EFCC Ikoyi Office.

Mr Dele Oloke, the Chairman of the branch, apologised to Kalu over the alleged assault, and called for calmness.

A lawyer and an eyewitness who pleaded  anonymity, however, disputed Kalu’s assault claim.

”We were having our monthly branch meeting, and four EFCC operatives walked in interrupting the meeting.

”They were a lady (Kalu) and three men; two of the men were visibly armed, one was following the lady with a pistol and the other, who was with a big gun, stood at the door.

”We told them that we were having a meeting;  we appealed to them, and as they were leaving, the lady seized the phone of a lawyer who was recording the event.

In spite of our pleas, they refused to release the phone. I did not see the lady being assaulted,” he said.

NAN reports that the lawyer  whose mobile phone was seized, was also arrested by EFCC operatives. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: EFCC Mr Adeshina Ogunlana Mr Dele Oloke Mr Yinka Farounbi Mrs Patience Kalu Nigerian Bar Association (NBA)

Post navigation

Previous How a 21-year-old man killed a lady in her Lagos hotel room – Police
Next IS Gets New Leader For ISWAP

Related Stories

Police arrests Osun SSG, 5 others over alleged vote buying Police
  • National News

Police arrests Osun SSG, 5 others over alleged vote buying

July 29, 2026
DSS arraigns man for allegedly raising funds for ISWAP, Boko Haram
  • National News

DSS arraigns man for allegedly raising funds for ISWAP, Boko Haram

July 29, 2026
Decongesting Prisons: Ebonyi Chief Judge Frees Four Inmates During Abakaliki Custodial Centre Jail Delivery pit
  • National News

Decongesting Prisons: Ebonyi Chief Judge Frees Four Inmates During Abakaliki Custodial Centre Jail Delivery

July 29, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Oil jumps 7% on escalating Middle East airstrikes crude oil
  • Business & Economy

Oil jumps 7% on escalating Middle East airstrikes

July 29, 2026
Police arrests Osun SSG, 5 others over alleged vote buying Police
  • National News

Police arrests Osun SSG, 5 others over alleged vote buying

July 29, 2026
DSS arraigns man for allegedly raising funds for ISWAP, Boko Haram
  • National News

DSS arraigns man for allegedly raising funds for ISWAP, Boko Haram

July 29, 2026
Decongesting Prisons: Ebonyi Chief Judge Frees Four Inmates During Abakaliki Custodial Centre Jail Delivery pit
  • National News

Decongesting Prisons: Ebonyi Chief Judge Frees Four Inmates During Abakaliki Custodial Centre Jail Delivery

July 29, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.