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EFCC Seizes $1m Cash From Badeh’s House - Politics - Nairaland

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Over $1m Cash Recovered In Panel Member’s Home / Badeh Forfeits $1m Cash, N1bn Mansion To FG / Alex Badeh House In Abuja Seized By The EFCC - Pictured (2) (3) (4)

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EFCC Seizes $1m Cash From Badeh’s House by eyesofgod: 3:41am On Mar 07, 2016
The Economic and Financial Crimes Commission (EFCC) has found $1million cash in a mansion belonging to a former Chief of Defence Staff, Air Chief Marshal Alex Badeh (retd.).
The cash is believed by investigators to be part of the
diverted arms procurement funds.
Badeh’s on 10 charges of diverting N3.97billion
belonging to the Nigerian Air Force(NAF) will begin today.
The anti-graft commission said the $1million, found
tucked in Badeh’s room.
A top source in EFCC said: “Apart from NAF funds,
investigation confirmed that Badeh diverted funds meant for procurement of arms to Bureau De Change. We have interacted with some Bureau De Change operators.
“When we searched his mansion at 6, Ogun River Street
in Maitama District in Abuja, $1million raw cash was
found in one of the rooms.
“Our operatives made sure that the search of the house
was conducted in the presence of Badeh’s neighbours
who can attest to the discovery. We ensured that these
neighbours witnessed our operation.”
Responding to a question, the source added: “Badeh has a case to answer on diversion of funds voted for arms procurement. I cannot tell you whether or not he will face separate charges on the $1million.”
Badeh has said he has nothing to do with “Dasukigate”,
a scandal which centres on the embezzlement of at least $2.1billion (Air Force) budgeted for arms.
In a statement he personally signed, the ex-CDS said: “It
has been widely reported in the news that I am being
investigated over the $2.1 billion arms deals but that is
not true. I was not part of Dasukigate.
“The claim that five properties were acquired for me
from the $2.1billion funds is also false. I was Chief of
Air staff from Oct. 2012 to January 2014 and then
appointed CDS.
“During my time serving as the CDS, funds for weapons
were directly released to the Chief of Air staff, army staff and naval staff and not to me. I had no control over the funds and yet I am being accused of embezzling
weapons funds.
“The office of the CDS had no operational control of the
services and had nothing to do with their spending.”
The EFCC’s latest disclosures lent credence to the earlier statement of the Presidency that a special panel had linked Badeh and others to the $2.1billion arms deals.
The Presidency handed over Badeh and 17 others,
including 11 senior military officers and 22 companies,
to EFCC for investigation on the alleged $2.1billion arms
deals.
www.thenationonlineng.net/efcc-siezes-1m-cash-from-badehs-house/

Re: EFCC Seizes $1m Cash From Badeh’s House by eyesofgod: 4:16am On Mar 07, 2016
So much for an orphaned grandpa.

If Badeh, a junior member of the looting gang of GEJ regime, could keep $1m, in cash, at homei one fears to imagine what others have in their kitty. Looting did not just occurred, it was a marathon chase as to who looted most.
With all this, Baba is expected to satisfy the dollar craving of even Obioma, the tailor.
I seriously suggest that sniffer dogs with avid love for dollars be incorporated into the EFCC search team.
Re: EFCC Seizes $1m Cash From Badeh’s House by AbuMaryam1(m): 4:23am On Mar 07, 2016
Carry on Baba. A golden has no hiding place. Our yam eaters it's a pay back time. Call it witch hunting or whatever, they must vomit it.
Re: EFCC Seizes $1m Cash From Badeh’s House by xxgig(m): 4:32am On Mar 07, 2016
We are now seeing why the dollar is scarce
Re: EFCC Seizes $1m Cash From Badeh’s House by adeememman(m): 4:42am On Mar 07, 2016
dis country self. if not because am a true son, I 4 don comot. But I stand Gidigba for a better Nigeria.
Re: EFCC Seizes $1m Cash From Badeh’s House by Aufbauh(m): 4:58am On Mar 07, 2016

Badeh has said he has nothing to do with “Dasukigate”,
a scandal which centres on the embezzlement of at least $2.1billion (Air Force) budgeted for arms.
In a statement he personally signed, the ex-CDS said: “It
has been widely reported in the news that I am being
investigated over the $2.1 billion arms deals but that is
not true. I was not part of Dasukigate.
“The claim that five properties were acquired for me
from the $2.1billion funds is also false. I was Chief of
Air staff from Oct. 2012 to January 2014 and then
appointed CDS.
“During my time serving as the CDS, funds for weapons
were directly released to the Chief of Air staff, army staff and naval staff and not to me. I had no control over the funds and yet I am being accused of embezzling weapons funds.
“The office of the CDS had no operational control of the
services and had nothing to do with their spending.”

Typical fairy tale of an allegedly Nigerian looter!

1 Like

Re: EFCC Seizes $1m Cash From Badeh’s House by Mynd44: 6:06am On Mar 07, 2016

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