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Tuesday, June 18, 2024

How N677.6m Was Diverted From Nigerian Air Force Account – EFCC

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The Economic and Financial Crimes Commission’s prosecution witness, Toyin Owobo, in the trial of former Chief of Air Staff, Air Vice Marshal Adesola Amosu (retd), and 10 others over an alleged fraud of N22.8 billion, has revealed how N677,6777,085 disappeared from the coffers of the Nigerian Air Force between March 2014 and April 2015.

The witness, who is an official of the EFCC, gave the account yesterday before Justice Muhammed Idris of the Federal High Court, Lagos.

In his evidence, Owobo explained how the funds were moved in several tranches into the Ecobank account of a company, Hebron Housing and Property Company Ltd.

The anti-graft agency had in 2016 opened its case against Amosu, and 10 others, who are being tried for an alleged fraud of N22.8bn.

The defendants, initially arraigned before a Federal High Court in Lagos on June 29, 2016, had on July 8, 2016, indicated their intention to enter into a plea bargain with the EFCC.

Ten others standing trial alongside Amosu, include former Chief of Accounts and Budgeting, NAF, Air Vice Marshal Jacob Adigun, and former Director of Finance and Budget, Air Commodore Olugbenga Gbadebo. Yet others are companies allegedly used in diverting the sum, including Delfina Oil and Gas Ltd., McAllan Oil and Gas Ltd, Hebron Housing and Property Company Ltd., Trapezites BDC, Fonds and Pricey Ltd., Deegee Oil and Gas Ltd., Timsegg Investment Ltd., and Solomon Health Care Ltd.

The 11 defendants were arraigned before Justice Idris on June 29, 2016, but they pleaded not guilty to the 26 counts pressed against them.


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