The Economic and Financial Crimes Commission (EFCC) has arrested the Managing Director of Stallion Group, Harprrie Singh, for allegedly making N1.3billion ‘questionable payment’ to a former Minister of State for Finance, Bashir Yuguda, according to Premium Times.
The Nigerian conglomerate, owned by the Vaswani brothers, is one of the major companies currently being questioned by the EFCC as part of the ongoing investigation into the messy arm procurement scandal in the office of a former National Security Adviser, Colonel Sambo Dasuki (rtd).
A source at the Commission disclosed to the online medium that Stallion’s name cropped up when investigators scrutinizing transactions carried out by the former NSA with Jabbama Company, a bureau de change operator, stumbled on evidence that Stallion Group also paid N1.375billion to the company, although N100million of the money was later returned, leaving a balance of N1.275billion.
It was further gathered that Jabbama converted the money into United States Dollars ($114,750,000) and handed it to Mr. Yuguda, former minister of state for finance, who is already being prosecuted on multiple charges of fraud and money laundering.
Mr. Yuguda was said to have explained to EFCC interrogators that the N1.175billion received from the Stallion Group was at the instance of former NSA, Dasuki, for political purposes.
In the statement he volunteered to interrogators, EFCC sources said, Mr. Singh claimed his company had a $170million contract with the ONSA to supply some vehicles and that, he had already supplied the first batch of 50 vehicles since November 2014 for which he was yet to be paid.
Additionally, he confessed that the money he gave to Mr. Yuguda was at the request of both Messrs Dasuki and Yuguda, to support their party.
Detectives at the EFCC say they are trying to understand why a corporate organisation would, instead of making donation to any political cause through the relevant political parties, route the fund through the NSA.
They are also trying to understand whether the money was an inducement for a contract awarded to the company by the NSA.
https://www.today.ng/news/national/53516/stallion-group-md-arrested-over-n1-3bn-payment-to-yuguda-dasuki

Huummm!!!

The money was for kick back payment for the illegal import weaver okonjo iweala and goodluck granted them. yuguda was just the middle man who collected the money on behalf of goodluck and nweala.
shame on pdp, goodluck, nweala, and their generation yet unborn.

Soon, EFCC would just storm my hostel in ABU, come to my room and accuse me of collecting N750 mtn recharge card from Dasuki. How much did he actually steal that could have gone round to so much people?!!

Dasuki probably stole so much.... He could single-handedly sponsor Nigeria's 2016 budget!
I wish Dasuki was my father's friend

Death sentence to treasury looters

this dasuki guy is causing a lot of problems for so many pple

I don tire for this Dasuki case jor

Honestly, am fed up with these revelations. Only if the govt can get all the money, and empower jobless youths with N2Million or in like sum. Aside that, they should just keep the revelations. We are tired!

Na wah o :O Dasuki again? This man no dey taya?

The Vaswani brothers again ....

Again? Getting more interesting..

Dasuki case is just a mere distraction. APC government has done nothing all this while. Bad news just flowing over Nigeria. Nigerians wake up. Party of propaganda. How much have they recovered now?

Olamipapa:
Dasuki case is just a mere distraction. APC government has done nothing all this while. Bad news just flowing over Nigeria. Nigerians wake up. Party of propaganda. How much have they recovered now?

thank you my brother. This Dasuki saga is now looking more like a staged drama.

Enter Stallion group

Enter the dubious customs waivers which cost Nigeria billions of naira.

These Indians Again?

simonlee:
Dasuki probably stole so much.... He could single-handedly sponsor Nigeria's 2016 budget!
I wish Dasuki was my father's friend

i would have personally arrest ur father:p