#Dasukigate: N1.5bn Traced to Ex-Finance Minister’s Son's Account

A bureau de change operator has told the Economic and Financial Crimes Commission (EFCC)   that N1.5billion was paid into his account for the son of a former Minister of Finance.

Salisu Umaru said he did not know what the minister’s son used the cash for. The former minister and his son were not named “so as not to jeopardise the investigation”. The cash is believed to be part of the $2.1 billion “phoney” arms deals funds.

Salisu, who  gave the EFCC details of how the N1.5billion was wired into his company’s account, said he never knew what the cash from the Office of the National Security Adviser (ONSA) was meant for.

He said : “I was invited by EFCC and when I reported, I was shown my company’s account statement with Zenith Bank called Jabama Ada Global Nigeria Limited in which there was an inflow of N500million on 5/2/2015 and N1billion on 16/4/2015 into the account from the Office of the National Security Adviser.

“On the inflow of N500million into my company’s account  on 5/2/2015, I wish to state as follows : That on the same date(5/2/2015), I paid the equivalent of US$2,380,952 to the son of the minister, being the equivalent of the said N500million at the rate of N210 per dollar.

“I do not know what he used the money for. My own business is to buy and sell dollars. It  is only the minister’s son that can explain what the money was meant for. The minister’s son signed and collected the said N500million.

“On the N1billion inflow into my company’s account on 16/4/2015, I wish to say the money was disbursed as follows: $1,000,000, being the equivalent of N220million; and $327,000 (equivalent of N72,600,000) were paid cash to the son of the minister while the sum of N704,400,000 was transferred to various accounts based on the instruction of the minister’s son. He gave some of the instructions through text messages. Some of the instructions were also received from the father.

“I also want to state that I do not know what the N1billion was meant for and what it was used for.”

Source: The Nation Newspaper

Buhari In Severe SHOCK, Dejected Over Fresh N3.1Trillion Loot Traced To Single Oil CABAL

Apparently believing that he had heard and seen the worst of how corrupt practices have brought Nigeria to her knees, President Muhammadu Buhari, last week, almost lost his cool when it was brought to his attention that a whopping $16 billion – at the official exchange rate of N196, this comes to N3.136 trillion; while, with the parallel market rate of N315, it comes to a whopping N5.04trillion) of the nation’s crude oil revenue loss could be traced to some sharp practices by some individuals in Nigeria’s oil and gas sector.

The quantum of funds in question are revenue that ought to have accrued to the Federal Government of Nigeria through oil-lifting deals which are now subject of intensive investigations. Specifically, one of the arrow heads of the crude oil lifting scam, who has been invited and interrogated by the Economic and Financial Crimes Commission, EFCC, at least twice before, has been granted administrative bail, and “who is alleged to be warehousing a sizable chunk of the money, drew the ire of Mr. President”, an Aso Rock Presidential Villa source disclosed. Sunday Vanguard learnt that even visiting South African President, Jacob Zuma, was caught in the cross winds of Buhari’s reinvigorated mode of anti-corruption, as he ordered that every kobo of the stolen funds must be recovered.

Similarly, information suggests that the government of the United States of America is helping in the provision of intelligence on how to trace some of the stolen funds from Nigeria. Benin Republic and South Africa have both become safe havens for Nigeria’s stolen funds investigations have revealed.

Sunday Vanguard learnt that once the revelations were made to Buhari, he ordered that EFCC must ensure that the looted funds are recovered.

According to Aso Rock insiders, the funds were “supposed to be proceeds from some of the crude oil sold on behalf of the Federal Government of Nigeria by these people and for which they were said not to have made the necessary returns to the coffers of the country”.

Continuing, one of the sources said: “You needed to have been there. You needed to have seen Mr. President. He was almost moved to tears at the colossal fraud that had taken place in the country.

“He became dejected because at a time when the nation’s resources had gone down badly, at a time when the foreign reserves are also not as much as would be befitting of a nation with vast potentials, such a huge amount of money can be traced to the illegal activities of some people.

The simmering diplomatic row between Nigeria and South Africa, sources disclosed, has more to do with the seeming unwillingness of the South African government to repatriate alleged stolen funds that have been traced to that country.

“This was part of what President Zuma came to resolve with Nigeria during his visit last week,” Sunday Vanguard said.

Source: Vanguard News

SHOCKER: $1m Raw Cash Recovered At Badeh's N1.1b Worth House In Abuja By EFCC

A whopping sum of $1 has reportedly recovered from an Abuja home of the embattled ex-Chief of Defence Staff, Air Chief Marshall Alex Badeh, by the men of the Economic and Financial Crime Commission, the EFCC, report according to Punch Newspaper suggests.

According to Punch Newspaper, the money was recovered after detectives searched a mansion located at 6, Ogun River Street, Maitama, Abuja.

Punch said a detective at the EFCC, who did not want his name in print, said, “We have seized several properties belonging to Badeh. A few days ago, we returned to the mansion located at 6, Ogun River Street, Maitama.

“In the presence of several witnesses, including neighbours, we searched the house and recovered $1m in cash. The money has been lodged as evidence.”

When our correspondent visited the mansion on Sunday, the EFCC seal was seen on the gate, with the warning, ‘EFCC, Keep off!” written all over the fence.

The property, which is said to be worth over N1.1bn, is one of the five properties seized from the ex-defence chief.

Some of the properties were said to have been purchased, renovated and furnished for a son of the former CDS, Alex Badeh (Jnr.).

Badeh also allegedly bought a commercial plot of land at Plot 1386, Oda Crescent, Cadastral Zone A07, Wuse II, Abuja for N650m.

They were said to have paid N878m for the construction of a shopping mall at Plot 1386, Oda Crescent, Cadastral Zone A07, Wuse II, Abuja, and another sum of N304m to complete the construction.

The anti-graft agency also accused them of paying N260m to purchase a duplex at No. 19 Kumasi Crescent, Wuse II, Abuja, for Badeh’s son.

The sum of N60m was said to have been paid for the renovation of the property and another N90m to furnish the property.

The retired Air Force officer also allegedly paid N330m to one Honourable Bature to purchase a duplex at No. 14 Adzope Crescent, Off Kumasi Crescent, Wuse II, Abuja.

They were also accused of paying N240m to Rabiu Isyaku Rabiu to buy a semi-detached duplex at No. 8A Embu Street, by Sigma Apartment, Wuse II, Abuja.

They also allegedly renovated a private property at No. 2, Nelson Mandela Street, Asokoro, Abuja, with N62m.

In the charges, signed by EFCC’s Deputy Director, Legal and Prosecution Department, Aliyu Yusuf, the anti-graft agency alleged that Badeh removed the sum of N3.9bn from the accounts of the Nigerian Air Force.

But Badeh had, last week, denied ownership of the properties seized by the anti-graft agency.

Badeh, who has remained in the EFCC custody since February 8, has been charged along with a firm, Iyalikam Nigeria Limited, before Justice Okon Abang of the Federal High Court in Abuja.

He is set to appear in court on Monday (today).

EXPOSED: How Ex-CDS Badeh Stole N4b To Buy Mansion, Mall - EFCC Tells Court

The Nigerian anti-graft agency, the Economic and Financial Crime Commission, EFCC disclosed yesterday that the embattled ex-Chief of Defence Staff, (CDS), Air Marshal Alex Badeh allegedly diverted a sum of N4 billion from the account of the Nigerian Airforce to procure private properties in different cities in the nation.

The EFCC had filed a 10-count criminal charge bothering on diversion of funds, among others. There are strong indications that the Federal Government will today arraign Badeh before the Federal High Court sitting in Abuja.

Twenty witnesses have been lined up to testify against him in court. A source close to the court, who prefers anonymity, said that Badeh will be arraigned before Justice Okon Abang. In the charge, marked FHC/ABJ/CR/46/2016 and signed by the Deputy Director of Legal and Prosecution Department at the EFCC, Mr. Aliyu M. Yusuf, Iyilikam Nigeria Limited was joined as second defendant.

The anti-graft agency had alleged in the charge that Badeh, while being the Chief of Air Staff, Nigerian Air Force and Iyilikam Nigeria Limited, between January and December 2013, used dollar equivalent of the sum of N1,100,000,000.00 removed from the accounts of NAF to purchase a mansion situated at No. 6, Ogun River Street, Off Danube Street, Maitama, Abuja. It further alleged that Badeh ought to have known that the said funds formed part of the proceeds of unlawful activity.

The offence is contrary to section 15 (2) (d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under section 15(3) of the same Act. Badeh and his company were also accused of removing from the accounts of the NAF, and did use dollar equivalent of N650 million to purchase a commercial plot at plot 1386, Oda crescent Cadastral zone A07 Wuse ll Abuja.

The offence, the EFCC said, is contrary to Section 15 (2) (d) of money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15 (3) of the same Act. More so, the EFCC alleged that the accused did use N260 million dollar equivalent removed from the NAF accounts and paid to one Oluwatoyin Oke through Platinum Universal Project and Construction to purchase for his son, Alex Badeh (jnr), a duplex at No 19 Kumasi Crescent, Wuse, Abuja.

The prosecution had also listed about 20 witnesses it is presenting in the course of the trial. The witnesses include individuals, investigative officers of the EFCC, Air Force personnel, Representative of the Office of the National Security Adviser ONSA. Others are representatives of three banks.

The charge against Badeh reads:

*That you, Air Chief Marshal Alex S. Badeh (whilst being the Chief of Air Staff, Nigerian Air Force) and Iyalikam Nigeria Limited between January and December, 2013 in Abuja within the jurisdiction of this honourable court, did use dollar equivalent of the sum of N1,100,000,000 removed from the accounts of the Nigerian Air Force to purchase for yourselves a mansion situate at No. 6, Ogun River Street, Off Danube Street, Maitama, Abuja, when you reasonably ought to have known that the said funds formed part of the proceed of unlawful activity.

*That you, Air Chief Marshal Alex S. Badeh (whilst being the Chief of Air Staff, Nigerian Air Force) and Iyalikam Nigeria Limited between January and December, 2013 in Abuja within the jurisdiction of this honourable court, did use dollar equivalent of the sum of N650,000,000 removed from the accounts of the Nigerian Air Force to purchase for yourselves a commercial plot of land situate at Plot 1386, Oda Crescent Cadastral Zone A07, Wuse II, Abuja.

*That you, Air Chief Marshal Alex S. Badeh (whilst being the Chief of Air Staff, Nigerian Air Force) and Iyalikam Nigeria Limited between 28th March and 5th December, 2013 in Abuja within the jurisdiction of this honourable court, did use an aggregate sum of N878,362,732.94 removed from the accounts of the NAF and paid into the account of Rytebuiilders Technologies Limited with Zenith Bank Plc. for the construction of a shopping mall situate at Plot 1386, Oda Crescent Cadastral Zone A07, Wuse II, Abuja for yourself.

*That you, Air Chief Marshal Alex S. Badeh (whilst being the Chief of Air Staff, Nigerian Air Force) and Iyalikam Nigeria Limited between January and December, 2013 in Abuja within the jurisdiction of this honourable court, did use dollar equivalent of the sum of N304,000,000 removed from the accounts of the NAF and paid into Rytebuilders Technologies Limited to complete the construction for yourselves a shopping mall situate at Plot 1386, Oda Crescent Cadastral Zone A07, Wuse II, Abuja.

*That you Air Chief Marshal Alex S. Badeh (whilst being the Chief of Air Staff, Nigerian Air Force), Alex Badeh Jnr. (at large) and Iyalikam Nigeria Limited between January and December, 2013 in Abuja within the jurisdiction of this honourable court, did use dollar equivalent of the sum of N260,000,000 removed from the accounts of NAF and paid to Oluwatoyin Oke through Platinum Universal Project and Construction to purchase for Alex Badeh Jnr. (the son of Air Chief Marshal Alex S. Badeh) a duplex situate at No. 19, Kumasi Crescent, Wuse II, Abuja.

*That you Air Chief Marshal Alex S. Badeh (whilst being the Chief of Air Staff, Nigerian Air Force), Alex Badeh Jnr. (at large) and Iyalikam Nigeria Limited between January and December, 2013 in Abuja within the jurisdiction of this honourable court, did use dollar equivalent of the sum of N60 million removed from the accounts of NAF and paid to Kabiru Sallau/Platinum Universal Project and Construction to renovate for Alex Badeh Jnr. (the son of Air Chief Marshal Alex S. Badeh) a duplex situate at No. 19, Kumasi Crescent, Wuse II, Abuja.

*That you Air Chief Marshal Alex S. Badeh (whilst being the Chief of Air Staff, Nigerian Air Force), Alex Badeh Jnr. (at large) and Iyalikam Nigeria Limited between January and December, 2013 in Abuja within the jurisdiction of this honourable court, did use the sum of N90 million removed from the accounts of NAF and paid to Platinum Universal Project and Construction to furnish for Alex Badeh Jnr. (the son of Air Chief Marshal Alex S. Badeh) a duplex situate at No. 19, Kumasi Crescent, Wuse II, Abuja.

*That you Air Chief Marshal Alex S. Badeh (whilst being the Chief of Air Staff, Nigerian Air Force) and Iyalikam Nigeria Limited between January and December, 2013 in Abuja within the jurisdiction of this honourable court, did use the sum of $2,000,000 equivalent of the sum of N330,000,000 removed from the accounts of NAF and paid to Honourable Bature to purchase for your selves a Duplex situate at No. 14, Adzope Crescent, Off Kumasi Crescent, Wuse II, Abuja.

*That you Air Chief Marshal Alex S. Badeh (whilst being the Chief of Air Staff, Nigerian Air Force) and Iyalikam Nigeria Limited between January and December, 2013 in Abuja within the jurisdiction of this honourable court, did use dollar equivalent of the sum of N240,000,000 removed from the accounts of NAF and paid to Rabiu Isyaku Rabiu to purchase for yourselves a semi-detached duplex situate at No. 8A, Embu Street, by Sigma Apartment Wuse II, Abuja.

*That you Air Chief Marshal Alex S. Badeh (whilst being the Chief of Defence Staff) and Alex Badeh Jnr. (at large) sometime in April, 2014 in Abuja within the jurisdiction of this honourable court, did use dollar equivalent of the sum of N62 million removed from the accounts of NAF and paid to Kabiru Sallau/Platinum Universal Projects to renovate a private property situate at No. 2, Nelson Mandela Street, Asokoro, Abuja.