REVEALED: How Governor Lamido &
his sons allegedly stole over N10billion

Yesterday, the two sons of Jigawa governor, Sule Lamido – Aminu and Mustapha – were arrested by the Economic and Financial Crimes commission over allegedly stealing
over N10 billion. They were flown to Abuja yesterday for more interrogation.
The guys at Premium Times share “inside
details” of the criminal activity that led them to this point.
According to the paper, they obtained
“disturbing details of how huge sums of
money belonging to Jigawa state were
moved in and out of 34 bank accounts of
nine companies linked to the governor’s
family members.” The details, seen by PREMIUM TIMES Friday show that the bulk of the lodgments, running into billions on naira, were funds received from the Jigawa State government.
Between June 2010 and August 2013, for
instance, over N1.5billion was paid into an
account in Skye Bank belonging to Bamaina Aluminium Limited, a company which has Governor Lamido and his two sons as directors. During the period, Mustapha Lamido, who is a signatory, made multiple lodgments into the account from the Jigawa State government account.
Similarly, Bamaina Holdings Limited,
whose account with Unity Bank has
Governor Lamido as sole signatory,
recorded total cash lodgments of over
N1.19billion between February 2007 and
July 2013, out of which about N1billion
was, at various times during the period, paid out to other sister companies.
Equally, Bamaina Company Nigeria
Limited, which has the governor, his two
sons and one other person as directors, has another bank account with Mustapha as sole signatory. Between January 2010 and July 2013, over N500million withdrawals were made from the account, mostly by Mustapha.
Although registration documents did not link Rawda Integrated Services Limited to any known member of the Lamido family, the company’s account details with Access
Bank showed that it was operated by
Mustapha and one other person.
Between December 2008 and April 2009,
over N32million was paid by the Jigawa
State government into the account, which
made several payments totaling over
N50million to another company, Speeds
International Limited, which has the
governor and his two sons as directors.
Another account belonging to Rawda
Integrated Services Limited in First City
Monument Bank, FCMB, has a different
signatory, with records of huge cash
lodgments of over N2.6billion and several
staggering withdrawals within two years.
Rawda also has another account in Zenith
Bank, with Mustapha as signatory, with
over N1.1billion paid in by different
individuals and organizations between
January 2007 and May 2013.
For Speeds International Limited, its account with Access Bank, with Mustapha as its sole signatory, received total deposits of over N2.2billion between January 2007 and February 2010. This is apart from a dollar account it also maintains, which has total lodgments of over $346,700.
Saby Integrated Nigeria Limited is the
another company owned by the Lamidos,
with Aminu Lamido as the sole signatory to its account with Fidelity Bank. Investigators said a total of over N600million was lodged into the account from several Jigawa State government establishments between July 2010 and November 2012.
Some of the payments made into the account at different times included over N84million, over N300million, over N60million, over N48million and over N93million, while between January 2010 and August 2013 over N730million were paid into the account, 95 per cent of which were by different Jigawa State government institutions.
Investigations into the activities of the other companies are ongoing, although
PREMIUM TIMES gathered that the
cumulative turnover of the family business could be as high as over N10billion.
There has been no official response to these allegations by the government’s
spokespersons.

SOURCE: www.ynaija.com/revealed-how-governor-lamido-his-sons-allegedly-stole-over-n10billion/?utm_source=&utm_medium=twitter