N24bn Police Pension Fraud: Defendant tells court she made $534,000 from Pure Water sales



Witness reveals she bought N54.9m Abuja home in her daughter’s name

By Fortune Eromosele


The trial of a former Director of Police Pension Officer, Atiku Abubakar Kigo, Veronica Oyegbula and four others continued before Justice Hussien Baba Yusuf of the FCT High Court, Maitama, Abuja, weekend, as prosecution witness, Mustapha Sani Gadanya, a former staff of the Commission, continued his examination – in- chief.


Led in evidence by Rotimi Jacobs, SAN, the witness provided further insight into suspicious cash flows into the account of the third defendant, Veronica Oyegbula and how she bought a property in the name of her daughter who was a student at the time.

Gadanya told the court that following the review of one of the accounts, Ulover International Resources Ltd, marked as Exhibit P42a, which is a United States Dollar account, was discovered that the account had a turnover of $700,000.


He narrated that “Between September 14, 2007 and August 21, 2008, we discovered that one Danlami Audi deposited a total sum of $231,000 and one Chenyere deposited $188,900 into the same account, totalling $419,000 within one year.

“Out of this deposit, the third defendant made a withdrawal of $150,000. She withdrew $100.000 in the name of one Philip, and the sums of $20.000, $20.000 and $10.000 at in her name.”

The witness noted that a balance of $534,816.84 was left in the account at the time it was forfeited to the Federal Government on interim basis. During interview with the investigators, Onyegbula stated that she made the $534,816.84 from sale of pure water.


Addressing the Court on the account opening package marked Exhibit P41, the witness said the investigative team discovered that the 3rd defendant, Oyegbula, was the sole signatory to the account, Ulova International Resources Ltd, as the Managing Director with address stated as Plot 140, 142 Ehimiri Housing Estate Umuahia, Abia State.

He explained that “The application for the account to be opened was made by the 3rd defendant; the company itself was registered on November 17, 2004 while she was still a serving officer at the Police Pension Office”.


Gandaya further told the court that the 3rd defendant was listed as a director of the company (Ulova International Resources Ltd) with 400,000 units of shares while her daughter, Amanda Onyegbula has 100,000 units, Regina Okeiyi, her mother has 100,000 units and Charles Maduka, 400,000 units.

The witness disclosed that following the execution of a search warrant in the house of the 3rd defendant at No. 3 Andora Street, Sun City Estate Abuja, it was discovered that the property was constructed and sold by a company named Adkan Services Limited.


He told the court that “We sent a letter to the company, demanding for documents relating to the property and evidence of payment to ascertain how the property was purchased, which they responded to.

“Following the review of the documents, we discovered that on February 23 2009, Adkan offered the property, a four-bedroom duplex for N61,050,000 to Onyegbula in the name of her daughter. The offer letter was generated in the name of Amarachi Amanda, the 3rd defendant’s daughter and three managers’ cheques for the sum of N20,000,000; N20,000,000 and N10,000,000 were issued to the company Adkan to that effect”.

The Pw4, however called the Court’s attention to the fact that Amarachi was cited in the document as a businesswoman, whereas investigations reveals that she was still schooling at the time.

He added that “We also discovered that Amarachi’s signature was inconsistent with the one in the statement form she signed at the EFCC and application form. Only her initial were used as the signature (A.O.A).

“Also on February 25, 2007, an allocation letter was made in the name of her daughter, bearing N54,945.000, which is the amount the property was sold. The purchase agreement was signed by Danlami Audi as witness.


“Because of the discovery, we went to a bank to ascertain the account from where payments for the property was made.

“We discovered that Ulova International Resources Ltd was the account that made the payment; they have about 5 accounts with a generational bank.

“We also came across some managers’ cheques with no details of beneficiaries, we now wrote back to the bank to furnish us with the original instructions which they did”.


Prosecuting counsel, Jacobs attempted to tender the documents in evidence but counsel to the 3rd defendant, Ise Ikeji objected. He argued that the documents do not satisfy the requirements of Section 84 of the Evidence Act; that the witness cannot give direct oral evidence of the workings of the Bank since he was not a staff of the bank and that the documents are computer generated.

Jacobs however urged the court to accept the documents in evidence, stating that the reply letters were signed by the bank and recovered in the course of investigation by the witness. He said that “The documents satisfied the requirements of the law as there is a certificate finished by the Bank for the statement of accounts.”

Justice Baba-Yusuf adjourned till May 26 and 28, 2021 for ruling and continuation of the trial.

https://www.vanguardngr.com/2021/03/n24bn-police-pension-fraud-defendant-tells-court-she-made-534000-from-pure-water-sales/


Lalasticlala

$534,000 from pure water sales?

I believe the devil landed in Nigeria after he was cast from heaven

What kind of lie is this now

Some of these looters don't even have sense. How can she tell the court that she made $534,000 from selling pure water. When it's not as if she's the only one selling pure water in Nigeria (monopoly)

As at 2007-2008 pure water was sold for 5 Naira and Even if she sells 2million sachets she can't still make quarter of that money.


Some of the corruption cases that are happening now by the time we tell our children or grandchildren in the future they will just think we are talking about fiction

That was how that JAMB clerk too lied that snake swallowed money inside the office where she kept it

New day,... new lies

You made $534, 000.00 from pure water sales? Father Lord please blow your trumpet for we are all ready.

LMAO!


She for just tell us say she dey sell crack cocaine.

Cruise

Are you the one that own Tokas pure water?

Nothing Miss no go see for gate.

Na to go into pure water business remain o

All liars will go to helll fire

Spending123:
You made $534, 000.00 from pure water sales? Father Lord please blow your trumpet for we are all ready.

Na you and who dey ready? Alaye, we are not ready yet.

sinaj:
$534,000 from pure water sales?

I believe the devil landed in Nigeria after he was cast from heaven

He is oduduwa. He Landed at ile-ife

We don enta am for this country
Over 500k dollars selling pure water within a year..

Let's do the quick math.
534k dollars should be around 74,760,000, using the then exchange rate.
One pure water was sold for 5 naira then..
Assuming she didn't sell in bags...
She will have to sell a total of 14,952,000 sachets of pure water between 2007 and 2008, which is equivalent to selling up to 41,000 sachets per day.

I decided not add production cost and capital and assume all the money made was the profit.

Kweeeeke

Cc lalasticlala

$534 000 from selling satchet water over how many years? Crooked criminals everywhere.Nothing is going to change as long as criminals like these are not eliminated as obtainable in China, Japan or North Korea.

Racoon:
Crooked criminals everywhere.

Crooked criminals from all parts of the country. Igbo, Hausa, Yoruba, Fulani , Ijaw etc. when it comes to stealing money, our elites are United in crookedness.

seunmsg:
Crooked criminals from all parts of the country. Igbo, Hausa, Yoruba, Fulani , Ijaw etc. when it comes to stealing money, our elites are United in crookedness.

Agreed! Until we all collectively agree to punish them accordingly then there will be no end this ugly disturbing trend.

How much is river Niger

I have a pure water factory, and I didn't know it can generate such amount of money waoh!!! From now I will abandon all other commitments and focus only on pure water, people will drink until they are as fat as hippopotamus