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/

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

Witch hunting season 7

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.

Nice one

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

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

EFCC please show no Mercy..









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

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

sick pple

Interesting

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.

Thank God for giving us Buhari.

Wow! One person pocketing so much money of the NAF. This is serious bad news..

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

ok

Jesus, see how our money de fly into private pockets, Ole

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!!!

All our service chiefs are thief including Buruntai.

Buratais properties kwanu?

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.

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

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.

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.

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.

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..

Where are all the EFCC seized properties & collected stollen cash.

Imagine that