One of the accused persons standing trial in the N14.5 billion Police Pension scam, Mrs. Veronica Ulonma Onyegbula, has told investigators the $544,632 (about N82 million) found in one of her companies, Ulover International Resources Limited, was realized from selling pure water which the company produces.

Mrs. Onyegbula stated that the company which was situated in Umuahia, the Abia state capital belonged to her mother whom she said suffered stroke seven years ago and as a result of that made her a member of the board of directors to enable her handle the finances of the company.

Part of the items recovered by operatives of the anti graft agency during a search at the woman’s home was bank statements belonging to Ulover International Resources Limited which she stated is engaged in the production of pure water.

In her statement issued to the Economic and Financial Crimes Commission as contained in the proof of evidence filed by the agency before the court where they are standing trial and dated 15th February, 2012, the accused stated that in the course of her job at the Police Pension Office, that she cashed a total of N14 billion on the instruction of the Permanent Secretary, Alhaji Atiku Abubakar Kigo and the Director, Mr. Esai Dangabar via cheques signed by both men.

She also stated that there was a subsisting Federal Government Circular which directed that withdrawals from the Police Pension Fund should be by way of e-payment to beneficiaries accounts but that despite this circular, that her bosses issued cheques in her name with which she accessed funds from the Police Pension Funds domiciled at a first generation bank, First Bank of Nigeria Plc.

She also stated that she handed over the monies as soon as she cashed the cheques from First Bank Plc.

The accused persons are scheduled to appear before the court again on Tuesday for their bail applications to be heard.

http://saharareporters.com/news-page/pension-scam-i-made-544-000-selling-pure-water-says-accused-pm-news-nigeria

You guys should be grateful for the business info.

I guess you did not realise pure water was so profitable.

I will now aim to start a pure water business.

madam abeg make I come join you! Who's she telling that c.o.c.k and bull story. You can not even make that much selling pure water in the sahara desert.

I've always known that pure water business is very lucrative. you could even be richer than bill gates selling pure water.

May d lord punish those who are bent on feasting on other pple's toil!

baslone: You guys should be grateful for the business info.

I guess you did not realise pure water was so profitable.

I will now aim to start a pure water business.

This pure water must be special and selling at $50 each satchet. Love my country NAIJA.

Yes, I agree with you, pure water is profitable.[img]http://www.filii.info/g.gif[/img]

*smiles

pure wetin

Yours GEJ,:
madam abeg make I come join you! Who's she telling that c.o.c.k and bull story. You can not even make that much selling pure water in the sahara desert.

[size=15pt]HAHAHAHAHAHAA[/size]

:o82 million. For how many decades? :o82 million. For how many decades?

jetsetgo: *smiles

Company A produces 1,000 bags of pure water daily.
1 bag = 20 sachets
thus they produce 20,000 sachets in a day.
if they can sell it all @ N5 they would have cash inflow of N100,000 per day

how much is the cost of transporting that amount daily?
water treatment even if crude will also require some financing?
cost of producing sachets plus occasionally running a generator nko?

fuel is now N97 in theory so cost of production would be pretty steep, and someone says she made 82,000,000
maybe she dont pay no taxes
dont pay no workers nada
and dont have no competition.

Yours GEJ,:
madam abeg make I come join you! Who's she telling that c.o.c.k and bull story. You can not even make that much selling pure water in the sahara desert.

its possible for her to make such money here in Nigeria if God bless her.

These people should just be tied to a stake and shot dead. They deserve to die just like they have caused the untimely death of some of those pensioners. I am just sick and tired of the Nigerian Judicial system. U will soon see these men on the street enjoying the money and possibly given a chieftancy title. Where is Bankole's case and the case of those five governors. God save naija

madam wetin happen now,shey na fool you call every body for Niaja ni,My have 5 pure water companies and we're not yet proud of even 1 million in our account,even if you dey use juju sell am sef u can't make such profit how much is the whole Umuahia sef....ahhh ahhh Na God go punish unaa na person sweat una dey chop.....

baslone: You guys should be grateful for the business info.

I guess you did not realise pure water was so profitable.

I will now aim to start a pure water business.

True talk!

so te them quote the money in dollars.Incredible

jetsetgo:

Company A produces 1,000 bags of pure water daily.
1 bag = 20 sachets
thus they produce 20,000 sachets in a day.
if they can sell it all @ N5 they would have cash inflow of N100,000 per day

how much is the cost of transporting that amount daily?
water treatment even if crude will also require some financing?
cost of producing sachets plus occasionally running a generator nko?

fuel is now N97 in theory so cost of production would be pretty steep, and someone says she made 82,000,000
maybe she dont pay no taxes
dont pay no workers nada
and dont have no competition.

Not even bottle water oooo...I wonder maybe na evil spirit she dey sell am too for night....

duro: These people should just be tied to a stake and shot dead. They deserve to die just like they have caused the untimely death of some of those pensioners. I am just sick and tired of the Nigerian Judicial system. U will soon see these men on the street enjoying the money and possibly given a chieftancy title. Where is Bankole's case and the case of those five governors. God save naija

If I provide the poles/stakes and the gun would you do the shooting? Be careful of being unlawful...
What we need now is not further violence, just a strong determination to hold this wacko, sick, demented, greedy, useless, parasitic, evil leaders to account and punish them in a manner our children can emulate in future.

ignis:
its possible for her to make such money here in Nigeria if God bless her.

Are you this stupid or tryna impress someone

This is an insult to Nigerians,If we are serious about corruption in Nigeria, this scenario should call for a serious legislature debate about cash movement in the country. Everybody is guilty of this offense, however, I want to challenge all pressure groups, be opposition in both houses, NBA, Trade unions, human right groups, Arewa youth, NADECO, Afenifere, Ndigbo,e.t.c to jointly present a bill that will block all the loophole in banking industries.Am sure this people will soon be released, look at Akingboola's and Elumelu' issue. By the time the lawyers, Judges and the rest collect there own, they will be set free...... mark my words.Look at her face,at they commit atrocity they go con dey look like innocent y...

To my dear sister Ngozi, this PENSION case has worsen your chance. CHARITY BEGINS AT HOME...

I pray she gets enogh time in kiri-kiri to sell her pure water "undisturbed". I bet she will make a hundred milla dollars in one month. Ole!

no wonder, l have been seeing pure water in my dreams. So l have been called into d most profitable bizness in nija and l didnt know.
MADAM SHUT UP THERE AND TELL US A BELIEVABLE LIE OR BETTER STILL FEIGN SICKNESS.

That's probably someone's mother on Nairaland.

engineerd: That's probably someone's mother on Nairaland.

Na wah for you o

The "Pure Water" is from the Victoria Falls so it is quite costly to import including customs duties and other running costs.VERY EXPENSIVE WATER I MUST SAY.It is the Saudi Sheikhs and other Arab royal families that patronise her company.*smh*

She is the only sole supply of pure water to the entire Nigeria

She sells Heavenly water

jetsetgo:

Company A produces 1,000 bags of pure water daily.
1 bag = 20 sachets
thus they produce 20,000 sachets in a day.
if they can sell it all @ N5 they would have cash inflow of N100,000 per day

When miracles happen,
It is usually beyond human comprehension!

People an their sentiment sha, maybe it is stu.pididty or they just chose to play on people's intelligent. Please what pure water business would generate $544,632 ?

The highest profitable place to sell pure water is the core-northern states and Lagos. Through my life of drinking pure water, I am yet to see Ulover pure water label.

Now some ideeiots are saying she made 82 million naira legitimately.

rubbish

free2ryhme: She is the only sole supply of pure water to the entire Nigeria Aso rock

After one million naira food, they drink 100 thousand naira pure water each meal.