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EFCC Uncovers $12.9b More Fraud In Arms Deals Probe- NATION - Politics - Nairaland

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EFCC Uncovers $12.9b More Fraud In Arms Deals Probe- NATION by shaddoww: 7:06am On Apr 27, 2016
Agency freezes $500m found in one account
£600,000 wristwatch ‘seized from Diezani’
FACTS & figures
$12.9b •The fresh arms cash fraud uncovered
by EFCC investigators
N2.6b •Cost of an MRI machine ‘seized from
former Chief of Air Staff Adesola Amosu’
£600,000 •The worth of a wristwatch ‘seized
from Mrs Alison-Madueke’
N2.3b •Part of the cash reportedly recovered
from Amosu’s wife
The Economic and Financial Crimes
Commission (EFCC) has uncovered
$12.9billion more arms deals fraud during the
administration of ex-President Goodluck
Jonathan, it was learnt yesterday.
The development has brought arms funds,
which were diverted to other uses, to
$15billion as the initial probe covered only
$2.1billion.
As part of the ongoing investigation of the
arms deals, the EFCC yesterday froze an
account with $500million. The owner of the
account was not immediately known.
The anti-graft commission has seized houses
from a former Minister of Petroleum
Resources, Mrs. Diezani Alison-Madueke.
Besides, a wrist watch worth £600,000 and
jewelry in gold and diamond have been
confiscated from Mrs Alison-Madueke, a
source said.
These details are contained in an update on
the ongoing investigation of the arms deals by
the Office of the National Security Adviser
(ONSA) under the former NSA, Col. Sambo
Dasuki (rtd).
There are indications that many military
officers may be questioned.
A source, who spoke in confidence on the
investigation, said: “From our findings so far,
the amount involved in the arms deals was
over $15billion. The $2.1billion which you
have written so much about is just one
transaction into an account in the First Bank
of Nigeria in New York.
“They moved the money into the FBN account
from where they were disbursing and re-
routing the cash. Our priority is to recover
these funds but we will still prosecute the
individuals and companies involved.
“Most of these companies were incorporated
by serving military officers and these officers
were the sole signatories into the accounts of
these companies.
“All these suspects are not showing remorse,
they think that they can go away with the
fraud but we won’t allow them.
“Yet when we interrogate them, you see them
wearing pampers and cannot stand or walk in
public for a long time. Then, you are tempted
to ask why they have to steal all these funds
meant for public projects.
“The Trauma Centre at the National Hospital
with a helipad was built with N1.8billion; you
can imagine how many of such centres and
schools these looted funds can provide.”
The source also explained that the
EFCC yesterday intercepted about $500million
in an account and blocked it.
The source added: “Just some few hours ago,
our investigators today (Tuesday) blocked an
account with about $500million. We are
already looking at all clues on how the cash
was wired.
“What we have recovered in just one year is
more than the total recovery by the EFCC
since inception. There was huge looting which
will affect the coming generation if the funds
are not recovered.”
The source gave insights into the probe of a
former Minister of Petroleum Resources, Mrs.
Diezani Alison-Madueke and businessman Jide
Omokore.
”We have seized many houses belonging to
Diezani and Omokore on Banana Island and
other places. Also, a wristwatch of about
£1.4million was seized from Omokore’s wife.
“From the former minister, we have retrieved
a choice wrist watch worth £600,000 and
jewelry in gold and diamond. We will soon
show Nigerians all these items for them to
appreciate what we have done and to learn
some lessons.”
He explained that at the time the wrist
watches were seized, the price tags were
there.
EFCC seizes N2.6b MRI machine from ex-
Chief of Air Staff Amosu
The Economic and Financial Crimes
Commission (EFCC) has seized a N2.6billion
Magnetic Resonance Imaging (MRI) machine
from the Diagnostic Centre owned by a former
Chief of Air Staff, Air Marshal Adesola Amosu.
The anti-graft agency discovered that the MRI
machine was bought with some of the funds
meant for arms purchase.
The investigators claimed that while Amosu’s
Diagnostic Centre has MRI equipment, none of
the Air Force clinics nationwide could boast
of such a state-of-the-art equipment.
Also, there were indications last night that a
former Chief of Defence Staff, Air Chief
Marshal Alex Badeh may automatically forfeit
the controversial $1million(N318m) found in
his house to the Federal Government.
Badeh, through his lawyer, Samuel O. Zibri
(SAN) disowned ownership of the money.
According to EFCC investigation, some of the
arms funds allegedly diverted by Amosu, were
used to buy the MRI machine for the
Diagnostic Centre.
MRI is a non-invasive medical test that
physicians use to diagnose and treat medical
conditions.
It was learnt that the centre might be
confiscated by the government.
A top source in the EFCC said: “After
thorough investigations, we have seized a MRI
equipment of about N2.6billion from Amosu’s
Diagnostic Centre. We were able to trace the
purchase of the machine to some of the
diverted funds meant for procurement of
arms.
“We may also place the centre under
temporary asset forfeiture pending the
conclusion of the trial of the suspect.
“All these assets are apart from the
N2.3billion, houses, $140,000 and N381m
recovered from Amosu’s wife.”
Responding to a question, the source added:
“The ex-Chief of Air Staff is still under
investigation along with some military officers.
We have not cleared him.”
Former Chief of Defence Staff, Air Chief
Marshal Badeh may automatically forfeit the
controversial $1million(N318m) found in his
house to the Federal Government.
The EFCC source said: “We retrieved the cash
from Badeh’s residence in Maitama District of
Abuja and the operation was witnessed by his
neighbours.
“Now that he has denied having such, the
cash will be automatically forfeited to the
Federal Government.”
Badeh, through his lawyer, Samuel O. Zibri
(SAN) disowned claims that the money was
recovered from his home.
Zibri said: “Our attention has been drawn to a
publication of March 7th 2016 to the effect
that the sum of $1,000,000(One Million US
Dollars) cash was recovered in the house of
Air Chief Marshal A.S Badeh (Rtd). The said
publication is not only malicious but wicked.
“It is totally false and smacks of media
campaign of calumny against the person of
Air Marshal Alex. Badeh (Rtd) The ten (10)
count charge against our client along with the
proof of evidence in the Federal High Court
are public documents and can be accessed by
the general public.
“There is no such allegation and we challenge
the faceless EFCC official to substantiate his
claim. The Trial has commenced and as a law
abiding citizen our client will defend himself in
accordance with the law.”


thenationonlineng.net/efcc-uncovers-12-9b-fraud-arms-deals-probe/
Re: EFCC Uncovers $12.9b More Fraud In Arms Deals Probe- NATION by Mynd44: 7:12am On Apr 27, 2016

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EFCC Uncovers $12.9 Billion More Arms Deal Fraud / Blueprint For Sustainable Dev. By A NL / Who Is The Winner Here?

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