Okunbo Hosa Osahon Accused Of Money Laundering

 

Fresh concerns over possible financial impropriety have emerged following reports that more than ₦3 billion was paid into a personal bank account linked to Okunbo Hosa Osahon.

According to documents reviewed, the funds were allegedly transferred by Tantita Security Services Nigeria Limited and Maton Engineering—companies associated with Government Ekpemupolo, popularly known as Tompolo, and businessman Mathew Tonlagha.

The transaction, said to have occurred on May 6, 2024, was routed through a Stanbic IBTC Bank account bearing the number 0022616806, with the narration “Business Operations Expense.”

Financial analysts say the movement of such a large sum into a personal account, particularly under a corporate expense label, raises red flags under Nigeria’s anti-money laundering (AML), foreign exchange, and banking regulations.

Experts note that transactions of this nature typically require strict compliance procedures, including proper documentation, tax remittance, and clear separation between corporate and personal finances.

Further concerns were raised over the absence of any publicly available records indicating that taxes were paid on the funds received.

The account in question is also reportedly linked as a signatory to another high-volume account, adding to suspicions about the nature and purpose of the transactions.

Regulatory bodies such as the Economic and Financial Crimes Commission (EFCC) and the Central Bank of Nigeria (CBN) are being urged by stakeholders to investigate the payments and determine whether any financial laws were breached.

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Title : Okunbo Hosa Osahon Accused Of Money Laundering
Description :   Fresh concerns over possible financial impropriety have emerged following reports that more than ₦3 billion was paid into a personal bank ...
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