Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,906,284 members, 7,006,253 topics. Date: Monday, 08 August 2022 at 01:51 PM

EFCC Seizes Properties From Amosu, Adigun And Gbadebo - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / EFCC Seizes Properties From Amosu, Adigun And Gbadebo (15189 Views)

EFCC Seizes Fayose's Houses In Lagos And Abuja, Quizzes Olu Falae / FG Seeks Uk’s Help To Seize Amosu, Adigun’s £3.2m London Mansions / EFCC Seizes Diezani's Asokoro House, $2m Worth Of Furnishings, Bulletproof Gym (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

EFCC Seizes Properties From Amosu, Adigun And Gbadebo by mbhs139(m): 6:00am On Jun 27, 2016
EFCC seizes 29 properties from three ex-Air Force chiefs
June 27, 2016





• Commission seals farms, shopping plazas, hotels in Lagos, Abuja

Eniola Akinkuotu, Abuja

The Economic and Financial Crimes Commission has seized 29 properties from the immediate past Chief of Air Staff, Air Marshal Adesola Amosu; a former Chief of Accounts and Budgeting in NAF, Air Vice Marshal Jacob Adigun (retd.); and a former Director of Finance and Budget, Air Commodore Olugbenga Gbadebo (retd.).

No fewer than 11 properties were seized from Amosu; 12 were seized from Adigun and six from Gbadebo.

Our correspondent learnt on Sunday that the properties included three plazas, six mansions, a quarry, a hospital, a block of flats, animal farms, a school, two hotels, some uncompleted buildings and some parcels of land.

According to documents made available exclusively to The PUNCH, the properties were acquired mostly in 2014.

The properties seized from Adigun were said to be worth N9.6bn.

Some of the properties include a shopping plaza known as Capadar Plaza on Adetokunbo Ademola Crescent, Wuse 2, which is worth N980m; a residential mansion on Lake Chad Street, Maitama, Abuja, worth N450m; an executive mansion in Imo River Close, Off Dandube Crescent, Maitama, worth N710m and a four-unit terrace on Agadez Street, Off Aminu Kano Crescent, Wuse 2, worth N720m.

Other properties, said to belong to Adigun, include a 35-room uncompleted hotel on Salt Lake Street, Maitama, Abuja; a parcel of land located on Bourdillon Street, Ikoyi, Lagos; a block of 12 service flats, located on Agodogba Street, Park View Estate, Ikoyi, said to be worth N1.8bn and a quarry in Bwari area of Abuja worth about $694,000.

The source added that all the properties had been temporarily seized.

He added, “Adigun spent most of his own share of the money on properties and so we did not recover much cash from him. Amosu, however, returned over N2.3bn and raised two bank drafts.”

He added that some of the properties seized from Amosu included a house on Adeyemo Alakija Street, Victoria Island, Lagos, worth N250m; a duplex at House 11, Peace Court Estate, GRA, Ikeja, Lagos, worth N110m; a N40m property located at NAF Harmony Estate, Asokoro Base and a five-bedroomed house at Valley NAF Estate, Port Harcourt, worth N33m.

Others include a hospital on Adeniyi Jones Avenue, Ikeja, known as St. Solomon Hospital with equipment worth $2.15m and a N95m house on Umaru Dikko Street, Jabi, Abuja.

The properties seized from Gbadebo include a fish farm worth N10m; a N20m poultry, located at Musa Close, Oyibo Ayobu, Lagos and a school known as Bloomsville International School, Divine Estate, Isheri-Olofin , off Lagos-Ibadan Expressway.

The three suspects will be arraigned by the anti-graft agency this week.

The retired military officers were accused of diverting public funds to the tune of N21,467,674,707.43 in 2014.

Others charged alongside the accused persons are Delfina Oil and Gas Limited, McCallan Oil and Gas Limited, Hebron Housing and Properties Company Limited, Trapezites BDC, Funds and Pricey Limited, Degree Oil and Gas Limited, Timsegg Investment Limited and Solomon Healthcare Limited.

One of the charges read in part, “That you (accused persons) on or about the 5th day of March 2014 in Lagos, within the jurisdiction of this honourable court, conspired amongst yourselves to commit an offence to wit conversion of the sum of N21,467,674,707.43, property of the Nigerian Air Force which was derived from stealing which is contrary to Section18 (A) of the Money Laundering Act of 2012 (as amended) and punishable under Section 15 (3) of the same Act.”

According to other charges, the accused persons had allegedly used some of the aforementioned companies, which they own, to award phantom contracts to themselves.

A prosecution witness for the EFCC, in a case against a former Chief of Defence Staff, Air Chief Marshal Alex Badeh (retd.), had revealed in court how N558m was diverted from the accounts of the air force monthly.

The EFCC was said to have based its investigation on the alleged diversion of N558m and the diversion of funds allocated to the Nigerian Air Force for the procurement of arms, fighter jets and other equipment.

Amosu and his predecessor, Badeh, were, in January, arrested for the non-specification of procurement costs, absence of contract agreements, award of contracts beyond authorised thresholds, transfer of public funds for unidentified purposes and general non-adherence to provisions of the Public Procurement Act.

The investigation also centred on the payment of N4,402,687,569.41 for unexecuted contracts; the procurement of two used Mi-24V helicopters instead of the recommended Mi-35M series at $136,944,000.00; four used Alpha-Jets for the NAF at US$7,180,000, funded by ONSA; the cannibalisation of engines from NAF fleet to justify procurement of jets; and the excessive pricing of 36D6 Low Level Air Defence Radar at $33m instead of $6m per one.


Source: http://punchng.com/efcc-seizes-29-properties-from-three-ex-air-force-chiefs/

Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by mrvitalis(m): 7:10am On Jun 27, 2016
All of them keep investing in real Estate... . When u steal all the money and make the people poorer I wonder who will rent the houses...
No wonder we have so many empty housed in Abuja..
.. And yet we Import strew, Toothpick
Cloths, Paints
A poor man is a poor man no matter how much he steals... His reasoning never change

48 Likes 1 Share

Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by lordcabasa(m): 7:33am On Jun 27, 2016
Witch hunting season 7

1 Like

Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by goodlifehyd(m): 8:38am On Jun 27, 2016
Waiting for our Uganda brothers to come tell us how this is witch hunting cuz any body facing EFCC trial now belongs to PDP and APC is trying to silent the "SINKING" party's loyalist, bunch of Ekpas who reasons with their anus

32 Likes 3 Shares

Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by Nellybii: 8:39am On Jun 27, 2016
These monies were wasted on real estate. Why are Nigerian leaders so greedy, lazy and short sighted? Why couldn't they set up farms or factories that will create employment? Honestly,sometimes it feels so shameful to be Nigerian.

12 Likes 2 Shares

Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by candidbabe(f): 8:40am On Jun 27, 2016
Nice one

1 Like

Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by Nobody: 8:41am On Jun 27, 2016
with all these......"Efcc recovers.....Efcc seizes"...

I think EFCC should start constructing roads

4 Likes 1 Share

Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by BUSHHUNTER: 8:41am On Jun 27, 2016
I need more of this news.
Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by damosade(m): 8:41am On Jun 27, 2016
shocked
Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by ychris: 8:41am On Jun 27, 2016
mrvitalis:
All of them keep investing in real Estate... . When u steal all the money and make the people poorer I wonder who will rent the houses...
No wonder we have so many empty housed in Abuja..
.. And yet we Import strew, Toothpick
Cloths, Paints
A poor man is a poor man no matter how much he steals... His reasoning never change

well said
even they 'll go as far as went ahead to take loan for dia yeye campaign and instead of them to utilize the money for wht they're voted in for they'll go ahead maintaining dia shitty loan by doing so they wouldn't have time for the masses ..dis count3 yaf tire me ah swear

7 Likes 1 Share

Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by WebSurfer(m): 8:41am On Jun 27, 2016
Wickedness and greed is all i see, we need to go back to the Nigerian old times where punishable offence for embesslement is death. I think that is the only way we can deal with this nonsense and wickedness from these thieves

5 Likes 1 Share

Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by MadCow1: 8:42am On Jun 27, 2016
EFCC please show no Mercy.. angry angry angry angry angry angry angry angry angry angry angry angry









Makes sure they get nothing less than 15 - 40 years behind bars. angry

Any President that comes and grants Clemency to any of them will be impeached immediately. angry

7 Likes

Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by ayindepremier: 8:42am On Jun 27, 2016
[size=20pt]God Bless Nigeria![/size]

1 Like 1 Share

Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by Nobody: 8:42am On Jun 27, 2016
sick pple
Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by Project400: 8:43am On Jun 27, 2016
Interesting
Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by lionduke(m): 8:43am On Jun 27, 2016
The Economic and Financial Crimes Commission has seized 29 properties from the immediate past Chief of Air Staff, Air Marshal Adesola Amosu; a former Chief of Accounts and Budgeting in NAF, Air Vice Marshal Jacob Adigun (retd.); and a former Director of Finance and Budget, Air Commodore Olugbenga Gbadebo (retd.).
Yoruba people will forever remain slaves to the hausa-fulani oligarchy. Perpetual zombies with no balls.

8 Likes 1 Share

Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by emerged01(m): 8:43am On Jun 27, 2016
Thank God for giving us Buhari.

5 Likes 2 Shares

Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by Darejyde(m): 8:44am On Jun 27, 2016
Wow! One person pocketing so much money of the NAF. This is serious bad news..
Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by WowSweetGuy(m): 8:45am On Jun 27, 2016
D Amosu guy really chop choppen chopped o but d recovered ones from others so far are we sure Aisha bubu is not helping her husband hide it in Saudi banks where they protect their looters
Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by Raxxye(m): 8:46am On Jun 27, 2016
ok
Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by HARRYFORD1986: 8:47am On Jun 27, 2016
Jesus, see how our money de fly into private pockets, Ole
Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by Femich18(m): 8:47am On Jun 27, 2016
No wonder the past president made us to understand that he made many people billionaires..is this how he made them? Through illegal means....Bunch of criminals.
Anyway Amosu should be seriously dealt with...Stole beyond what he needs, I will never say because he's from my hometown he should be spared...Never! Cos Badagry never benefitted from him...No mercy!!!

14 Likes 2 Shares

Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by gratiaeo(m): 8:47am On Jun 27, 2016
All our service chiefs are thief including Buruntai.
Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by Ikwokrikwo: 8:47am On Jun 27, 2016
Buratais properties kwanu?

1 Like

Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by maasoap(m): 8:48am On Jun 27, 2016
Imagine, they couldn’t create jobs with a whopping 21 billion naira! All of them were just busy acquiring houses, no financial experts to help them on how to wisely invest.

1 Like

Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by kingsleybrave(m): 8:48am On Jun 27, 2016
why not place your money in a place where you can get a very good interest rate in return. ......e.g place one million naira for just six months for 12% interest rate....which will amount about 60 thousand
Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by maasoap(m): 8:50am On Jun 27, 2016
WowSweetGuy:
D Amosu guy really chop choppen chopped o but d recovered ones from others so far are we sure Aisha bubu is not helping her husband hide it in Saudi banks where they protect their looters
Buhari has proven himself countless number of time. Go back home and ask your dad. He will tell you that Buhari is not materialistic.

3 Likes

Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by freeboy200(m): 8:51am On Jun 27, 2016
imagine if these diverted funds ve been channel into industrial activities that will create employment, i think the government may think on their action. even if they are gonna seize it, maybe
with conditions.

1 Like

Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by WowSweetGuy(m): 8:55am On Jun 27, 2016
But his wife is sir...U can go ask ur wife or ur mum
maasoap:
Buhari has proven himself countless number of time. Go back home and ask your dad. He will tell you that Buhari is not materialistic.
Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by hotwax: 8:55am On Jun 27, 2016
And when they buy up properties in DUbai and Ikoyi, nobody occupies them and you see common men sleeping on the street...

These politicians really hate us..

1 Like

Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by able20(m): 8:56am On Jun 27, 2016
Where are all the EFCC seized properties & collected stollen cash.
Re: EFCC Seizes Properties From Amosu, Adigun And Gbadebo by Docspero: 8:56am On Jun 27, 2016
Imagine that

(1) (2) (3) (Reply)

PDP Chairmanship: Bode George, Agbaje Divide Governors / “You Can’t Summon Buhari Through Newspaper" - Presidency Tells National Assembly / Festus Keyamo Reacts To Pdp's Apology To Nigerians (pics)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2022 Oluwaseun Osewa. All rights reserved. See How To Advertise. 183
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.