Wednesday, 27 April 2016

EFCC uncovers $12.9 billion more arms deal fraud

EFCC uncovers $12.9 billion
more arms deal fraud


– EFCC says it has uncovered $12.9billion
more arms deals fraud during the
administration of ex-President Goodluck
Jonathan
– EFCC said an account with $500million
which it cannot identify the owner but has
frozen the account
– A wrist watch worth £600,000 and jewelry
in gold and diamond have been confiscated
from Mrs Diezani Alison-Madueke
– EFCC also said it has seized a N2.6billion
Magnetic Resonance Imaging (MRI) machine
owned by former Chief of Air Staff, Air
Marshal Adesola Amosu
Houses, gold, money seized from Diezani
Alison-Madueke
Anti-graft agency, Economic and Financial
Crimes Commission (EFCC) says it has
uncovered $12.9billion more arms deals
fraud during the administration of ex-
President Goodluck Jonathan The Nation
newspaper is reporting.
Recall that the initial probe of the arms deal
fraud only covered $2.1billion. But the new
details of ongoing investigation of the arms
deal include the discovering of an account
with $500million which the agency said it
cannot identify the owner but has frozen the
account.




See the
owners of the 11 accounts the money was
paid to
Also, houses, a wrist watch worth £600,000
and jewelry in gold and diamond have been
confiscated from former minister of
petroleum resources, Mrs Diezani Alison-
Madueke, Nation quoted a source.
EFCC also said it has seized a N2.6billion
Magnetic Resonance Imaging (MRI) machine
from the Diagnostic Centre owned by former
Chief of Air Staff, Air Marshal Adesola
Amosu who is currently facing trial for
corrupt practices .
“From our findings so far, the amount involved
in the arms deals was over $15billion. The
$2.1billion which you have written so much
about is just one transaction into an account
in the First Bank of Nigeria in New York.
“They moved the money into the FBN account
from where they were disbursing and re-
routing the cash. Our priority is to recover
these funds but we will still prosecute the
individuals and companies involved,” a source
was quoted to have said.
The source also said what the EFCC has
recovered in just one year is more than the
total recovery by the EFCC since inception
while also giving insights into the probe of
Mrs Diezani Alison-Madueke and
businessman Jide Omokore.


EFCC
begins 2nd Phase of probe into $2.1bn arms
deals, goes after Okonjo-Iweala
”We have seized many houses belonging to
Diezani and Omokore on Banana Island and
other places. Also, a wristwatch of about
£1.4million was seized from Omokore’s wife.
“From the former minister, we have retrieved a
choice wrist watch worth £600,000 and jewelry
in gold and diamond. We will soon show
Nigerians all these items for them to
appreciate what we have done and to learn
some lessons.”
Also, former Chief of Defence Staff, Air Chief
Marshal Badeh may automatically forfeit the
controversial $1million(N318m) found in his
house to the Federal Government. Badeh,
through his lawyer, Samuel O. Zibri (SAN)
disowned claims that the money was
recovered from his home.
But the EFCC source said : “We retrieved the
cash from Badeh’s residence in Maitama
District of Abuja and the operation was
witnessed by his neighbours.
“Now that he has denied having such, the
cash will be automatically forfeited to the
Federal Government.”