• N3.97b arms deal: How Badeh laundered N48m through GTB – Witness

    N3.97b arms deal: How Badeh laundered N48m through GTB – Witness

    Eso Faleke, the seventh prosecution witness in the ongoing trial of a former Chief of Air Staff, Air Marshal Alex Badeh, before the Federal High Court, Abuja, on Wednesday gave a vivid account of Badeh laundered the sum of N48 million through Guaranty Trust Bank Plc.

    The witness, a staff of GTB, and account officer of Iyalikam Nigerian Limited, told Justice Okon Abang that the bank transferred N48 million from the company’s account on the instructions of Badeh to some other […]

  • How N270.7m was laundered by Jonathan’s aide – witness

    How N270.7m was laundered by Jonathan’s aide – witness

    A Compliance Officer with GTBank, Kayode Olanrewaju, on Thursday told a Federal High Court in Lagos how Waripamo-owei Dudafa laundered the sum of N270.7 million.

    Dudafa, former Special Assistant to ex-President Goodluck Jonathan, alongside Joseph Iwuejo and four companies are being prosecuted by the Economic and Financial Crimes Commission.

    They are standing trial on a 23-count charge bordering on N5.1 billion fraud.

    The companies involved include Seagate Property Development & Investment Ltd, Avalon Global Property Development Company Ltd, Iwejuo Joseph Nna and Pluto […]

  • N24 Billion police pension scam: ‘How Dangabar laundered funds’

    N24 Billion police pension scam: ‘How Dangabar laundered funds’

    An Economic and Financial Criminal Commission witness, Mr. Mustapha Gadanya, on Wednesday told an FCT High Court how a former Director of Police Pensions, Esai Dangabar, moved funds into different accounts while in office.

    Dangabar, Atiku Kigo, Ahmed Wada, Veronica Onyegbula, Sani Zira, Uzoma Attang and Christian Madubuke, are standing trial for complicity in the over N24bn scam in the police pension office

    Gadanya, who was part of the team that investigated the matter, in his testimony, told the court how Dangabar […]