Economic and Financial Crimes Commission has arrested
the Managing Director of Stallion Group, Harprrie Singh,
over an alleged Naira 1.3bn gift to former Minister of State for
Finance, Bashir Yuguda.
Investigation revealed that the conglomerate was among
some companies that were being investigated by the EFCC in
connection with the arms purchase under the former
National Security Adviser, Col. Sambo Dasuki (retd.).
It was learnt that the EFCC’s task force, investigating the
arms procurement scandal, invited Singh when his
company’s name came up in an investigation into a
transaction between the former NSA and Jabbama company,
a Bureau De Change operator.
The operatives were said to have discovered that Stallion
group paid N1.375bn to the firm, which later returned
N100m of the funds to the conglomerate.
A top operative of the commission said Jabbama converted
the money to $114,750,000 and handed them over to
Yuguda.
The former Minister is facing prosecution at the Federal High
Court Abuja for alleged fraud and money laundering.
It was further stated that Yuguda told EFCC interrogators that
he collected the fund at the instance of the former NSA for
political purposes.
The top operative said Singh was still being grilled by the
operatives as of the time this story was filed by 9pm on
Thursday.
The source added that the Stallion boss told his
interrogators that he had a contract of $170m with the ONSA
to supply some vehicles.
He was said to have claimed that the first batch of 50
vehicles were supplied in November, 2014, but said the
payment was still outstanding.
It was learnt that the operatives were interrogating the
Stallion boss for routing the seeming political donations
through the NSA and not through political parties.
The operatives were said to be probing the possibility that
the ‘donation’ by the firm could be an inducement for
contracts award from the ONSA.
Efforts to get the Head, Media and Publicity of the EFCC, Mr.
Wilson Uwujaren, for his comment on the reported arrest of
Singh did not succeed as of the time of filing this report.
Meanwhile, the Chairman of EFCC, Mr. Ibrahim Magu, has
called for legislation that would put a time frame on the trial
of corruption-related cases in the country.
Magu appealed to the Senate Committee on Anti-Corruption
and Financial Crimes to explore the possibility of using the
strategy for the amendment to the provisions of the
Electoral Act, to specify a time frame for the trial of
corruption-related cases.
He said this provision would help to intensify the campaign
against graft in the country, especially for the effective
prosecution of such cases in courts.
Magu lamented that several corruption-related cases had
lingered in court for years because of the absence of the
requisite time frame.


http://ceedeeluv.com/2015/12/18/efcc-arrests-stallion-md-
for-n1-25bn-gift-to-yuguda/




CC: Lalasticlala, Ishilove

So much drama .. Lalasticlala come and see gobe !!!

Its no longer business as usual.

This one is original

Ishilove where you @?, you ain't saying nuffin.

Lalasticlala , please let the world see this.

obidevine:
Lalasticlala , please let the world see this.

Oga you just dey call the Mods where your source Abi na you do all the investigation alone??

Cybertext:


Oga you just dey call the Mods where your source Abi na you do all the investigation alone??

Oga go online you go see the news abi u no sabi read?

obidevine:
Oga go online you go see the news abi u no sabi read?

I no dey argue say the news no dey online, all I'm saying is that if you want your thread to reach front page you need to reference a credible source or link to it.

Cybertext:


I no dey argue say the news no dey online, all I'm saying is that if you want your thread to reach front page you need to reference a credible source or link to it.

.. Ok you should have just put it that way bro, instead of trying to sound sarcastic. No pee .and besides the MODS have a way of doing their verification before taking it to front page so it doesn't matter if you reference anyone.