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Frank Ayade Reportedly Rearrested By EFCC

Dr. Frank Ayade, Gov. Ben Ayade younger brother

Information reaching Fearless Reports news desk now suggest that Governor Ben Ayade of Cross River State younger brother, Dr. Frank Ayade has been rearrested by the Economic Financial Crime Commission (EFCC).

It will be recalled that few weeks ago, Ayade was arrested by the anti-corruption agency in Abuja First Bank when he was trying to do a transaction quoted to be around $10m which exceed Central Bank of Nigeria limit on transaction involving private accounts.

The bank reportedly hinted the EFCC and he was arrested but released on bail few days later.

A source familiar with the development told our reporter that the agency has now allegedly quashed the bail and rearrested Ayade who is said to be cooling in detention.

He said that Ayade was rearrested to help the agency conduct thorough investigation on the source of the money as his release was proofing detrimental to the investigation.

"Frank Ayade has been rearrested. You know he's very powerful, he was trying to frustrate the EFCC investigation so they have decided to rearrest him", the source who pleaded not to be mentioned said.

The source however said that it was yet to be known whether the state Commissioner of Finance and Accountant General who were also arrested in connection to the money initially have or will be rearrested too.

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Governor Ben Ayade 2358625750344106019

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