"Abubakar Isa Funutua, son of late Isa Funtua, and his Ugandan businesses associate, Asega Aliga, both looted N28billion from Keystone Bank and fled Nigeria. While Abubakar is said to have moved to Spain where his estimated to worth $300million in cash and properties, Aliga is said to the hiding in Uganda. The two rogues also shuttle around the UK.

"The duo used 13 companies dubiously formed companies to collect Agricultural loans from the Central Bank of Nigeria, CBN, under Godwin Emefiele and have since paid only N7billion before they decided to go into hiding.

"The shell companies used are: STEFEM AGRICULTURE NIG LTD, MIDDLEEMARSH FARM LTD, AGRICULTURAL DERIVATIVES LTD., CHARIS2014 GLOBAL LTD, IKEEZ AGRO ALLIED RESOURCES LTD., PIERS ON AGRO-ALLIED, WHOLEFOODS PROCESSING LTD, TENACO FARMS AND FOOD NIG LTD, HOUSE OF ESHCOL LTD, MAHVECK GLOBAL CONCEPT LTD, ESTIM FARMS LTD, WILLYMONIA INT, HARGRIK AGRO INVESTMENT LTD," Jackson Ude said on Monday.

"Soon after Isa Funtua died, Emefiele had asked Abubakar to return to site and complete the N30billion CBN Car Parking Extension contract awarded to Bulet Construction. Abubakar refused. Emefiele also demanded repayment of the Agricultural loans collected. Again, Abubakar refused. The former CBN Governor then debited Keystone Bank where Abubakar and Aliga own majority shares, the sum of N28billion being the total loan sum collected.
Informants at the Economic and Financial Crimes Commission, EFCC confirmed to me that soon after the investigation of Keystone Bank, it was discovered that Abubakar and Aliga had used fronts to set up another company called Seltrix Nigeria Limited, where most of the N28billion collected from the CBN as Agric loans were warehoused. Only about N4billion is now left in Seltrix account.

"Keystone Bank can no longer recover their money because the companies used to obtain those loans only exist on papers.

"It is the same model Abubakar and Aliga used in collecting $251million loan from AFREXIM to acquire 9mobile, using Teleology/Emerging Market. 9Mobile has now been taken over by AFREXIM after Abubakar and Aliga and their Emergin Market refused pay back," Jackson Ude further said.


Source: https://naijagg.com/late-isa-funtuas-son-abubakar-his-ugandan-associate-asega-on-the-run-after-stealing-n28billion-jackson-ude/

This Jackson got a lot of intels

Buhari's nephew also stole a lot. He needs to return all what he looted.

And why are some European countries aiding corruption?

Isa Funtua, BUHARI ASO ROCK CABAL

Emefiele really opened our vaults to the vultures.

Hadi Sirika colluded with Ethiopians to defraud his country. Now Funtua's son is being accused of the same thing, this time with a Ugandan! Niger arguably benefited more from PMB's reign than the Nigerians that made him. I just tire for these northerners that will not let go of the one Nigeria but are eager to ruin it whenever they get the chance, and always in collusion with foreigners!

This mehn...will now be forming alhaji with private jet and fly cars. All stolen money. Crazy country we are in..

Praxis758:
Emefiele really opened our vaults to the vultures.

I dey tell you

The money dey really show for this funtua son body Kai...barawo

Praxis758:
Emefiele really opened our vaults to the vultures.

Buhari is the worst thing to happen to this country

No wonder Emefiele and the old Isa Funtua were buddies

That young man's father was one amongst the most powerful cabals during baba buhari's regime. May his soul RIP.

tishbite43:
Buhari is the worst thing to happen to this country

No wonder Emefiele and the old Isa Funtua were buddies

balablu has overtaken dat record... even shattered it sef!

joinnow:
The money dey really show for this funtua son body Kai...barawo

Hahahaha 😃😃

All present criminals.... APC

Hahahaha

A lot of corruption happened under the docile, incompetent and stupid buhari.
Hope they keep Emefiele safe else buhari boys will eliminate him.

Tinubu is not shouting Anti-corruption, but he is silently fighting corruption without noise, if not for the Media that is shouting it, Tinubu Jagaban will never mention it, but he is doing his job of collecting back our looted money

Emefiele is unfortunately the fall guy

People like buhari, du tha, malami, hadi sirika, akpabio, ganduje etc deserve lifetime in prison, until then tinubu just Dey play with his fight against corruption

APCNig:
Tinubu is not shouting Anti-corruption, but he is silently fighting corruption without noise, if not for the Media that is shouting it, Tinubu Jagaban will never mention it, but he is doing his job of collecting back our looted money

how many has he recovered from sirika, malami, and the rest?

Same way you lots claimed he is saving money from subsidy removal but today can’t account for it

We need our money back

LoL, I laughed

Omo!