Tag: Economic and Financial Crimes Commission

  • Court to hear EFCC’s amended charge against Dudafa Thursday

    A FEDERAL High Court in Lagos has fixed November 15, to take arguments on an amended charge filed by the Economic and Financial Crimes Commission (EFCC) against Waripamo-Owei Dudafa, a former aide to President Goodluck Jonathan.

    Dudafa is charged alongside one Iwejuo Nna, on charges bordering on N1.6 billion fraud.

    EFCC arraigned the accused on June 11, 2013, before Justice Mohammed Idris on 23-count of conspiracy to conceal proceeds of crime.

    They had pleaded not guilty to the charges and were granted bail.

    The prosecution closed its case on March 16, but the accused opted to make a no-case submission in its defence and urged the court to dismiss the case on the grounds that the prosecution failed to establish any case against them.

    Justice Idris, in a ruling delivered in August, dismissed the no-case submission of the accused and ordered them to open their defence.

    Yesterday, the prosecutor, Mr. Rotimi Oyedepo, informed the court of an amended charge against the accused and told the court that same had been served on defence counsel.

    He told the court that the amendment was not prejudicial and urged the court to accept same and cause the respective pleas of the accused to be taken.

    In response, defence counsel, Gboyega Oyewole (SAN) and Ige Asemudara, resisted the move by prosecution, on the grounds that they had not studied the amended charge.

    Asemudara specifically told the court that he had just seen the amended charge since he was away when the prosecution informed him of same.

    He told the court that he required time to study same.

    Oyewole, on the other hand, told the court that he also needed time to go through the amended charge, as the amendment might be over reaching, adding that the defence counsel was mindful of its effect on the accused.

    He prayed the court for an adjournment.

    After listening to counsel, Justice Idris adjourned the case until Nov.15, to hear arguments on the charge.

    The court held that the outcome of the court’s ruling will then determine whether the adoption of final addresses will proceed thereafter.

    The offences for which the accused are being tried, contravenes the provisions of Sections 17(a), 18 (c), and 27 (3) (c) of the EFCC Establishment Act 2004.

     

     

  • N900m money laundering: Shekarau back in Court

    The Federal High Court sitting in Kano on Thursday adjourned the case of alleged money laundering against former governor of Kano State, Ibrahim Shekarau.

    Shekarau was arraigned by the Economic and Financial Crimes Commission (EFCC) alongside former external affairs minister Aminu Wali and one Mansur Ahmad on a six-count charge bordering on conspiracy and money laundering to the tune of N950 million.

    When the case came up for hearing, the Judge, Justice Lewis Allagoa, who was just assumed duty at the Court, adjourned the trial till Nov. 19, 20, and 21, 2018.

    The judge replaced Justice Zainab Bage who was transferred.

    Counsel to the EFCC, Mr Johnson Ojogbane, had earlier told the court that the defendants, between March 26 and 27, 2015, conspired among themselves and received the said amount without going through financial institutions.

    He said that the money was issued to the defendants by the Peoples Democratic Party and former petroleum minister Diezani Allison-Madueke.

    The prosecutor said that the offences contravened sections 18 (a) of the Money Laundering (prohibition) Act 2011 as amended and punishable under section 16 (2)(b) of the same Act and Section 15(1) of money laundering Act.

    Read Also: Shekarau, Gaya, Jibril win Kano senatorial seats

    The trio had pleaded not guilty to the charges.

    Before the adjournment, the defense counsel, Mr Jibrin Okutekpa (SAN) prayed that the court to extend the bail granted to his clients by the former judge in line with Section 163 of the Criminal Justice Act 2015.

    The judge acceded to the request to extend the bail before adjourning to Nov. 19, 201 and 21 for continuation of the trial.

    NAN recalls that Bage had granted the defendants bail in the sum of N100 million each with two reliable sureties in like sum.

  • EFCC operatives trail Fayose

    THE Economic and Financial Crimes Commission( EFCC) operatives are already trailing Ekiti State Governor Ayodele Fayose to prevent his alleged escape bid.

    Barely 24 hours to Fayose’s exit, the anti-graft agency’s operatives were yesterday at Akure airport, when the governor and his wife boarded a flight to Abuja.

    Another set of operatives closed up on the governor immediately he landed at the Nnamdi Azikiwe International Airport, Abuja.

    The governor was also placed on surveillance as at the time of filing this report.

    Already, three probe teams have been raised by EFCC on the issues against the governor, including a group on his pending trial, a panel on N4.685 billion National Security Adviser (ONSA) fraud; and the last team is working on alleged infractions during his second term in office.

    According to findings, the EFCC may meet with the incoming governor, Dr. Kayode Fayemi, on some records, which the Ekiti State Government had withheld over the years.

    But from preliminary findings, Fayose is likely to face trial in Ado-Ekiti, Ibadan, Lagos and Akure.

    A top source in EFCC, who spoke in confidence, said: “We have mounted surveillance on Fayose in the last 72 hours and we are trailing him in order to keep his words to appear before our teams of investigators.

    “We have tracked his movement from Akure Airport to Abuja, where he came to attend a send-forth dinner. We will keep tab on him until he reports to EFCC on October 16. Otherwise, we will effect his arrest.

    “There are three teams handling the allegations against the governor. There is a special team managing his suspended trial because he had immunity as a governor. We will resume his trial.

    “Another team of detectives is in charge of N4.685 billion fraud in the Office of National Security Adviser( ONSA) in which Fayose was implicated. All we need to do is to take the statement of Fayose and arraign him in court.

    “The third team takes charge of alleged infractions he committed in office during his second term. The Ekiti State Government has withheld some vital records in the last three years. We will meet with the incoming governor on these documents.

    “The governor may face trial in some courts in Ado Ekiti, Ibadan, Lagos and Akure. If he comes around, he will be our first guest at the new EFCC complex.”

    In his September 10, 2018 letter, Fayose said he was prepared to appear for interrogation on October 16.

    The letter said:  “Several and serial actions of your commission for some time now, including but not limited to freezing of my accounts and attempts to secure temporary forfeiture of my properties, are indicative of the commission’s desire to have me clarify some issues or answer some questions but for the immunity that I enjoy under Section 308 of the 1999 Constitution as sitting governor of Ekiti State.

    “I wish to inform you that my term of office pursuant to which I enjoy immunity against investigation and prosecution under the above provision shall lapse by effusion of time on Monday, October 15, 2018.

    “As a responsible citizen of our great country, who believes in the rule of law, I wish to inform you of my decision to make myself available in your office on Tuesday, 16th October, 2018 at 1pm to clarify issues or answer questions on issues within my knowledge.

    “Kindly confirm the suitability of the above date or indicate by return, the commission’s convenient date.”

    Although the EFCC’s September 13 letter to Fayose, written by the Director of Operations, Umar Mohammed, asked him to report on September 20, he stuck to the October 16 date.

  • Campaign funds’ tracking

    When the Independent National Electoral Commission INEC, asked the Economic and Financial Crimes Commission EFCC, for assistance to monitor and track campaign funds spent by political parties and their candidates, it was an admission of inherent difficulties in carrying out this statutory duty.

    Chairman of INEC, Mahmood Yakubu told his anti-graft agency counterpart, Ibrahim Magu, when he visited the commission: “We want the EFCC which has the mandate and capacity to track and trace the sources of funds to work closely with us so that we can trace within the limits of the law”.

    He said cooperation would enable the commission enforce the provisions of the Electoral Act on electioneering campaign funding and ensure that election results are not determined by the amount of money a political party or candidate spends at the polls. Yakubu was apparently piqued by the practice whereby parties and their candidates go to the polling stations with sacks of money to induce voters even as he lamented that it compromised the rights of the people to vote freely for candidates of their choice.

    INEC is statutorily empowered to monitor all sources of funds of political parties. Specifically, sections 225 and 226 of the 1999 constitution assert the powers of INEC to monitor and assess parties’ sources of funding and management of same.

    They comprehensively deal with regulations to be enforced by the electoral body to make the political parties regularly financially accountable to it. Section 225(2) requires that all political parties shall “submit to the Independent National Electoral Commission a detailed annual statement and analysis of its sources of funds and other assets together with a similar statement of its expenditure in such form as the commission may require”.

    The 2010 Electoral Act went further to clear any ambiguity arising from monitoring of parties’ campaign funds by setting a ceiling of expenditure for political parties and their candidates for specific offices. The maximum for a presidential candidate is pegged at N1 billion, N200 million for governorship candidate and N40 million for the senate. The House of Representatives and state house of assembly are set at N20 million and N10 million respectively.

    Despite the wide powers of INEC to monitor and bring to book political parties and individuals that run fowl of extant regulations on campaign funding, the commission has been severely handicapped in this regard. Not only has it been unable to monitor and track electioneering campaign expenses of political parties and their candidates, it has not made much progress in monitoring and prosecuting the numerous electoral offences that have been a sad feature of our elections.

    It is the apparent difficulty in tracing and tracking electioneering campaign funds that compelled INEC to seek other ways to it.  Having admitted this handicap, it seeks cooperation of the anti-graft agency which has unlimited technology for monitoring and tracking the movement of funds. This would seem a new resolve and determination to overcome some of the limitations the electoral body encounters in compelling political parties and their candidates stick to extant regulations on campaign funding.

    The amount of funds political parties and their candidates spend during elections have remained vexatious. Even as the Electoral Act sets limits on campaign expenses, facts on the ground indicate that they are largely observed in their breach. The quantum of money that exchange hands during elections both on the side of the political parties and their candidates makes a mockery of the limits set by the Act.

    Not only has money assumed a prime role in swaying the direction of elections, it has prevented very credible and well qualified people without huge financial war chest from making themselves available for political leadership recruitment. This has impacted very negatively on the quality of leadership on these shores with deleterious consequences on the overall progress and development of the country.

    Elections have virtually turned into a market place where politicians and the electorate trade on votes with the highest bidder almost always having his way. And with a high level of illiteracy and poverty, the cankerworm has assumed a very pervasive dimension.

    It is good a thing INEC has sufficiently been agitated by the negative effects of the wrong deployment of money to sway the direction of elections. Money has come to play such pre-eminent role in our political process that the erroneous impression is being conveyed that democracy is for sale. Not only are politicians ever ready to compromise the electorate, the voters themselves have over time shown a very destructive appetite to trade their votes for a mess of porridge.

    This has had the net effect of not only compromising the sanctity of free, fair and credible elections but the rights of the people to elect their leaders without let or hindrance. Excessive deployment of money obfuscates the principles of representative democracy by infringing on the sovereignty of the electorate as freely expressed at the ballot box. It is nigh impossible for a virile culture of democracy which is a sine qua non for political development to grow and endure under such circumstance.

    Besides, the increasing role of money in determining the direction of electoral victory is inexorably linked to the high incidence of corruption in public places. Those who buy their ways to elective offices, see elections as investments from which they have to recoup with high profit margin. That is why such public offices have easily become the quickest means of wealth acquisition. Little wonder politics has turned into a very profitable business attracting all and sundry including impressionable youths that are deployed to risky and life threatening assignments.

    A new dimension to this is evident in the phenomenon of vote buying during elections. Though this is not entirely new, it seemed to have assumed very worrisome dimension during the last two governorship elections in Ekiti and Osun states. Politicians were seen openly with sacks of money buying votes. The ability to pay for votes played a prime role in swaying the direction of those elections.

    What unscrupulous politicians required before parting with their illicit money was evidence of having voted for their party. It was partly to check this practice that INEC barred voters from using mobile phones as soon as they were handed over ballot papers. The calculation of INEC was that it will prevent voters from capturing their ballot papers on their phones with the aim of convincing agents of the politicians as to which party they voted for. Without such evidence, INEC believes vote buying will be reduced. But it cannot be entirely eliminated by that measure as there exist other ways of inducing voters albeit, monetarily.

    The important thing is that INEC has shown some commitment to checking the influence of money during elections. It is good that it is partnering with the EFCC which has comparative advantage in monitoring and tracking sources of funds. The synergy of this partnership will be of immense aid to the electoral body in tracking funds deployed by politicians and their parties during elections. Even then, it lacks the capacity and resources to prosecute election offenders.

    The role of EFCC is vital given that political parties and candidates source for funds during elections through known and unknown means. Much of the funds for which former National Security Adviser to former President Jonathan, Sambo Dasuki is facing trial were security votes allegedly diverted for the prosecution of the 2015 elections. INEC lacks the capacity to unveil such monies and others that may accrue from diversion of funds and illegal contracts.

    In carrying out this assignment, the two agencies must be fair to all political parties and their candidates. They must rise beyond partisanship and any shred of partiality if something positive is to come out of this partnership. They must resist the temptation of viewing corruption as a malfeasance only associated with the opposition. Since governments in power are heaviest spenders during elections, we look forward to seeing the agencies expose illegal deployments or diversion of public funds from this quarter. That will be a real measure of the success of the new understanding.

     

  • EFCC arraigns Saraki’s aide, others for alleged N3.5b fraud

    The Economic and Financial Crimes Commission (EFCC) on Wednesday arraigned Senate President Bukola Saraki’s Deputy Chief of Staff Gbenga Makanjuola at the Federal High Court in Lagos for alleged N3.5billion fraud.
    He and three others were arraigned before Justice Babs Kuewumi on 11-counts of money laundering.
    They were accused of conspiring to disguise the unlawful origin of N3.5billion paid into the account of Melrose General Services Limited.
    The company was also arraigned.
    EFCC said Melrose General Services and Robert Mbonu, said to be at large, between December 14, 2016 and last January “took control” of the money transferred from the Nigeria Governors’ Forum (NGF) account to Melrose’s Access Bank account numbered 0005892453.
    The commission said they reasonably ought to have known that the money represented proceeds of their unlawful and fraudulent activity.

    Read Also: Looters list: EFCC opposes bid to jail Lai Mohammed

    The alleged offence contravenes Section 15 (2) (d) of the Money Laundering Prohibition Act 2011 (as amended) and punishable under Section 15 (3).
    Melrose was accused of involvement in the alleged N19billion Paris Club scam.
    EFCC is accusing the defendants of allegedly converting N3.5billion of N19billion London-Paris Club refund to states.
    The company had denied involvement in any fraud, saying it was legitimately engaged by the NGF to render services leading to a refund of foreign loan over-deductions made by the states.
    EFCC had claimed in a previous forfeiture proceedings that Melrose General Services, whose alter ego is Robert Mbonu, was never engaged by the NGF for any consultancy services in relation to the Paris and London Club loan refund.
    The commission claimed that the company allegedly recopied and misinterpreted work done by another consortium to the NGF for payment.
    EFCC said Melrose was paid N3.5billion by the NGF on December 14, 2016, and that it moved out about N2.2billion of the N3.5billion, the balance of which the commission had prayed the court to order its forfeiture.
    In count 5 of the charge, Makanjuola was accused of making a cash payment of N50million to Mbonu on December 20, 2016 without going through a financial institution.
    The alleged offence is punishable under Section 1 (a) of the Money Laundering Act and punishable under Section 16 (2) (b).
    EFCC’s lawyer Ekene Iheanacho prayed that the defendants be remanded in prison; he sought for a trial date.
    Makanjuola’s lawyer Paul Erokoro (SAN) said his client had a pending bail application.
    Moving it, he said Makanjuola was a former House of Representatives member and was prepared to face his trial.
    “My client is a full-time staff at the Senate and is not a flight risk. He was a member of the House of Representatives.
    “I urge the court to grant him bail to prepare for his trial,” the SAN said.
    But, Iheanacho urged the court to dismiss the bail applications, arguing that the defendants would run away if granted bail.
    “One of the defendants has absconded. The chances that the other defendants will abscond are now higher with their arraignment.
    “We urge the court to refuse their bail requests,” he said.
    Justice Kuewumi adjourned until October 9 for ruling on the bail applications.
  • I want to rid Adamawa off corruption – Nuhu Ribadu

    Former Chairman of the Economic and Financial Crimes Commission (EFCC) Nuhu Ribadu has formally declared to seek the Adamawa State governorship ticket of the All Progressives Congress (APC) with a vow to rid the state of corruption if he gets the ticket and goes on to become governor.

    Delivering his governorship aspiration speech to the APC leadership at the party secretariat in Yola on Saturday, Nuhu Ribadu said his mission was to replicate in Adamawa State the fight against corruption by the Muhammad Buhari-led federal government.

    He said, “In this drive to change Nigeria, I believe our president needs support of individuals with similar vision, especially at the sub-national level. It is not enough to have a reformed federal government and an honest and sincere president; this has to be replicated at other tiers of government for us to have all-encompassing progress.”

    Read Also: Ribadu, Customs boss tipped to replace Magu

    He reiterated that Adamawa State needed a forthright leadership,  “A leadeship that will not lie, a leadership that will not deceive, a leadership that will not put its interests over and above the interest of the entire state.”

    Nuhu Ribadu is called Mr Integrity by his admirers around Adamawa State because of his famed intolerance for corruption which he demonstrated while at the helm of the EFCC. He first sought to be governor of Adamawa State in 2015 and many now express the view that he failed in that bid because he opted for the People’s Democratic Party (PDP) when the Buhari factor was decidedly for an APC candidate.

    Ribadu who has long collected and submitted his nomination forms, was by Saturday’s declaration the third governorship aspirant of the APC still in the race to formally present himself to the party and the people of Adamawa State for consideration for the office of governor.

    Dr Mahmood Halilu Ahmed who is Aisha Buhari’s brother and incumbent Governor Mohammed Umar Jibrilla Bindow are the other two. Mr Markus Gundiri who earlier declared intention to run for the office under the APC, has stepped down for Mahmoud Ahmed.

  • Alleged N1.6b fraud: I acted only as account officer, says Dudafa’s co-accused tells court

    An accused, Joseph Iwejuo, on Tuesday, told a Federal High Court, Lagos, that he only acted as an account officer to some companies joined in a N1.6 billion fraud charge preferred by the Economic and Financial Crimes Commission (EFCC).

    Iwejuo, a staff of Heritage Bank, is standing trial alongside Waripamo-Owei Dudafa, a former presidential aide, on charges of N1.6 billion fraud.

    Also charged are some companies namely: Seagate Property Development & Investment Ltd, Avalon Global Property Development Company Ltd, Pluto Property and Investment Company Ltd, Ebiwise Resources Ltd, and Rotate Interlink Services Ltd.

    EFCC arraigned them before Justice Mohammed Idris on 23-counts of conspiracy to conceal proceeds of crime amounting to over N5.1billion on June 11, 2013.

    The prosecution closed its case on March 16, but the accused opted to make a no-case submission in its defence and urged the court to dismiss the case, on the grounds that the prosecution failed to establish any case against them.

    Justice Idris in a ruling delivered in August, dismissed the no case submission of the accused, on the grounds that they had some explanations to make on the exhibits and evidences tendered by prosecution.

    He, consequently, ordered them to enter a defence.

    When trial resumed on Tuesday, the second accused (Iwejuo) stepped into the witness box in continuation of his evidence, after he was reminded of his oath by the court’s registrar.

    His lawyer, Mr Ige Asemudara, resumed examination in chief as follows: “Witness, on the last adjourned date, you mentioned some companies with accounts in your bank; take a look at exhibit A, what can you tell the court about it,”

    The witness told the court that the exhibit represents document brought by directors of the company (Avalon) on the day the account was opened for the company.

    He said that some of the directors as listed in the mandate form of the company include Oluwole Isaiah and Michael Agbo, adding that the names were then sent to the legal department of the bank for authentication.

  • Fayose to EFCC: meet me in my office on September 20

    Ekiti State Governor Ayo Fayose has told the Economic and Financial Crimes Commission (EFCC) that he will be in his office tomorrow in Ado-Ekiti, the state capital, for the agency to interrogate him.

    In a letter, dated September 14, the governor urged the anti-graft agency to wait till October 16, when his tenure and immunity will expire, if it cannot deploy its interrogators to Ado-Ekiti tomorrow.

    He criticised the EFCC for writing the Nigeria Customs Service (NCS) and other security agencies to place him on the watch-list to prevent him from escaping from the country.

    Fayose contended that the action of the EFCC raised a serious question about its impartiality, neutrality and independence.

    The governor stressed that if the commission cannot wait till October 16, the first day after the expiration of his tenure, “without prejudice to Section 308 of the Constitution, I will be willing to answer questions from your team of investigators, should they be willing to meet me in my office in Ado-Ekiti on September 20”.

    He reminded the EFCC that “in 2007, precisely on December 19, I willingly presented myself for EFCC investigation at your Lagos office”.

    Fayose said: “There is, therefore, nothing new or strange in my letter of September 10, which has been received and treated in bad faith and taste. I thought I was assisting due and fair process of law.

    “As a responsible citizen of the Federal Republic of Nigeria, who currently enjoys immunity under Section 308 of the Constitution, it would amount to a breach of the Constitution, which I swore to uphold, if I appear in your office on any date earlier than October 16.

    “If done otherwise, it will set a wrong precedent for the constitutional institution that I represent.

    “I carefully chose that date (October 16), being the next day after the expiration of my tenure upon which the immunity I enjoy will lapse, to avoid any form of insinuation and was in good faith.

    “While drafting my response to yours of September 14, my attention was drawn to your widely publicised letter of September 12 to the Comptroller General of the Nigeria Customs Service and similar agencies, directing them to watch-list and arrest me on the imagination that I might leave Nigeria to escape investigation.

    “It has finally put in context your commission’s hurriedly deleted online statement vide EFCC Nigeria @Official EFCC a day after the Ekiti governorship election, that: ‘The parri is over; the clock of immunity turns apart, and the staff broken. Ekiti Integrated Poultry Project/Biological Concepts Limited N1.3 billion fraud case file dusted off the shelves. See you soon’.

    “Your commission, by its actions, no doubt has presumed my ‘guilt’ even prior to the commencement of ‘investigation’. This raises serious question about the impartiality, independence or neutrality of the commission in the matter.

    “I feel harassed, intimidated and embarrassed by the imputation of crime and the innuendos of criminality underlining your correspondence, which has been maliciously circulated widely. This, in all, implies a case of persecution rather than prosecution.

    “While I have handed a copy of your letter to my solicitors for a careful study and advice, let me state here for the records that there is nothing about me or my antecedents, as a long standing public figure, to justify the commission’s action. I have never been a coward or criminal…”

  • Aspirant urges EFCC to probe Fayose over unimplemented projects

    Ekiti State of Assembly aspirant Mr. Hakeem Jamiu has urged the Economic and Financial Crimes Commission (EFCC) to investigate Governor Ayo Fayose for allegedly refusing to implement projects outlined in the budget in his native Irepodun/Ifelodun Local Government.

    Jamiu, who is contesting for the Assembly seat of Irepodun/Ifelodun Constituency II on the platform of the All Progressives Congress (APC), said Fayose’s kinsmen voted against his Peoples Democratic Party (PDP) in the July 14 governorship poll because he allegedly abandoned the people.

    The Assembly aspirant insisted that the non-execution of the projects itemised in the budget had short-changed the people, hence the need to probe how funds voted for the projects were spent.

    Jamiu, who spoke on Saturday at Igbemo-Ekiti while declaring his plan to run for the Assembly’s seat, said his ambition was borne out of the need to bring development to all communities in the constituency through law-making, performance of oversight functions and galvanising the citizenry to participate in governance.

    Party leaders and members agreed that Jamiu, the former Senior Special Assistant on Research and Documentation during the first tenure of Dr. Kayode Fayemi, should be made the party’s candidate through a consensus arrangement.

    They also passed a vote of no confidence on Fayose’s leadership, saying he has failed the people of the zone.

    Jamiu said: “Governor Fayose is from our constituency but the people rejected him in the last election because he abandoned them. There wasn’t any project executed in the 10 communities that make up the constituency since 2014 and this reflected in the results of the last governorship election.

    “The bridge linking his town and Igbemo Ekiti collapsed and the town was nearly cut off. But our governor never bordered. The present representative of the constituency did no single project when Fayemi did more than five projects in each of the towns.

    “We need to assuage the suffering of our people. We need quality representation. That is what we are going there to achieve through Fayemi’s leadership and mentorship. The next election will be robust, unlike what we are having now.

    “Our roads are bad; there is no investment in agriculture, particularly in rice that we grow in large quantities. All the projects initiated by Fayemi were abandoned. The lack of no confidence vote showed that the people are angry and desirous of change. That is what we are going to the Assembly to achieve.”

     

  • $2.1b arms deals: EFCC quizzes ex-DIG over N250m payment

    Economic and Financial Crimes Commission (EFCC) detectives have quizzed a former Deputy Inspector-General of Police for allegedly receiving N250 million from the $2.1 billion arms cash.

    The ex-DIG, who is said to have made “a useful statement” on the matter, is likely to be prosecuted.

    He allegedly received the N250million from the Office of National Security Adviser( ONSA) for operations.

    The cash was allocated  to him without the knowledge of his immediate boss, a former Inspector-General of Police.

    It was gathered that the strange payment was managed alone by the former DIG without official records.

    An EFCC source said: “Preliminary findings have confirmed that the payment was from the $2.1billion arms deals allegedly mismanaged by the Office of National Security Adviser( ONSA) under ex-NSA.

    “The cash was advanced to the ex-DIG by ONSA without the knowledge of his superior, a former IGP. Detectives are suspecting alleged laundering of the N250million because the cash was managed by the ex-police chief alone.”

    The former police chief was reportedly asked to explain how he came about the cash and what it was spent on.

    “There is every likelihood that the DIG might be put on trial if he cannot refund the N250 million which was part of the arms procurement funds,” the source said.

    The EFCC has restricted the movement of the ex-DIG to the country, pending the conclusion of the probe.

    The Presidency had handed over a former Chief of Defence Staff and 17 others, including 12 senior military officers and 22 companies, to EFCC for investigation on the alleged $2.1 billion arms deals.

    The former Chief of Defence Staff, two ex-Chiefs of Air Staf and a former Chief of Naval Staff are among those presently on trial.

    Some of the areas of investigation are:

    • How 10 contracts totalling $930,500,690.00 were awarded;
    • payment of  N4,402,687,569.41 for unexecuted contracts,
    • procurement of two used Mi-24V Helicopters instead of the recommended Mi-35M series at $136,944,000.00,
    • four used Alpha-Jets for the NAF at $7,180,000.00 funded by ONSA;
    • cannibalisation of engines from NAF fleet to justify procurement of jets;
    • excessive pricing of 36D6 Low Level Air Defence Radar at $33m instead of $6m per one;
    • delivery of radars without  vital component of Identification Friend or Foe (IFF) that distinguishes between own and adversary aircraft;
    • strange transfer of $2m to Mono Marine Corporation Nigeria Limited owned by some Air Force officers;
    • N15bn lavished on the maintenance of NAF Alpha-Jets, C-130H aircraft and Mi-24V/35P helicopters;
    • N2.5 billion contracts awarded to Syrius Technologies( Ukrainian company) not registered in Nigeria;
    • Award of seven contracts worth N599,118,000.00 contracts to Defence Industry Corporation of Nigeria(DICON) but two delivered.