Operatives of the Economic and Financial Crimes Commission (EFCC), have sealed off Bliss Emporium, the official head office of Baraza Multipurpose Cooperative Society located in Yenagoa, the Bayelsa State capital.
The signature warning of the anti-graft agency “Under EFCC Investigation” was boldly written on the gigantic building when our correspondent drove past the Otiotio area of Yenagoa on Monday.
The sealing off of the magnificent edifice may not be unconnected with the volume of petitions written against the cooperative and its management led by the Chief Executive Officer, Miebi Bribena.
Multiple sources confided in our correspondent that some influential persons whose monies are trapped in the cooperative may have moved against Bribena after every effort to make him refund their monies proved abortive.
It was gathered that these influential persons, some of whom are serving top officials of different arms of government in the state had vowed to recover their contributions from Bribena no matter what, and how long it will take them.
A particular top official was quoted by some of his close aides to have said that he would not allow his N70 million to go like that and therefore will use all legal means to get his money back from the cooperative society.
Several calls put across to Bribena to ask about the latest development did not go through as his line indicated that it was switched off and even text messages sent couldn’t deliver.
An EFCC source confirmed to Nigerdeltaconnect that they have began “serious investigation based on the number of petitions received about the issues involving Baraza”.
Last week Justice L. M. Boufini of a State High Court (Nembe Division), sitting in Yenagoa adjourned to October 7, 2021, a case involving Baraza.
READ ALSO : Baraza: Court Adjourns to October 7
The matter which was first slated for September 7, was later adjourned to September 21, following the absence of the presiding judge, Justice Boufini.
Joined as defendants in the suit were, Baraza Multipurpose Cooperative Society, Oyinmiebi Bribena, Union Bank, First Bank, Access Bank and First City Monument Bank (FCMB).