How ex-CDS Badeh moved N1.4bn in 7 months – EFCC - Full Gist News


Friday, 24 March 2017

How ex-CDS Badeh moved N1.4bn in 7 months – EFCC

Operative of the Economic and Financial Crimes Commission, EFCC, Nuhu Buhari, has told a Federal High Court in Abuja how a former Chief of Air Staff, CDS, Alex Badeh, allegedly siphoned N1.4 billion within seven months to construct a five-storey mall.

Buhari, an investigative officer and forensic analyst at the forensic department of the EFCC, told Justice Okon Abang, yesterday, at the resumed trial of the ex-CDS that, upon the constitution of a Special Task Force, STF, team, in November 2015 by the acting chairman of the commission to
investigate the Office of the National Security Adviser, ONSA, on arms procurement and Nigerian Air Force contracts, they were assigned five addresses and properties to investigate.

The addresses located in Abuja were listed as: No. 19, Kumasi Crescent, Wuse 2, No. 6, Ogun River Crescent, Maitama, No. 2 Nelson Mandela, Asokoro, No.2, Oda Crescent off Aminu Kano Crescent Wuse 2 and a plaza on Ahmadu Bello Way, Garki 2. As the lead investigator into the property, he informed the court that the Federal Capital Development Authority, FCDA, was approached for records of the property which they were furnished with and then proceeded to visit each of them. While being led in evidence by the Prosecuting Counsel, Mr. Rotimi Jacobs, SAN, the investigator stated that on getting to the property at No. 2 Oda Crescent, Wuse 2, Abuja, they found out that it was a five-floor mall under construction. “The contractor was invited and he was made to oblige the commission with its projects account, it was discovered that over N800 million out of the N1.2billion which was the total turn over to the account; came straight from the Nigerian Air Force.

“The managing director of Wright Builders was invited to shed more light on the inflow from the Nigerian Air Force’s account and explain the source of the balance of N500 million, discovered to have come straight from a bureau-de change, and he admitted that he was contacted by the then chief of air staff to procure the land and build a mall for him.

“The BDC operator, who paid the money into the account, was also invited, while the rest of the transaction was traced to another colleague; Bani Nbaka, who admitted receiving same from Mustapha Yahaya, Managing Director of Wright Builders”, he stated. Upon invitation by the commission, the operator of Bani Mbaka BDC admitted receiving same from a former Director of Finance at the Nigerian Air Force, S. A. Ishau, for the construction of the mall.

“Analysis on the account of Wright Builders with Zenith Bank revealed that all monies came from NAF’s 106b account and camp account, Mogadishu barracks.’’ Earlier, Braimoh Gidado, an Assistant Deed Registrar with the Adamawa State Land Registry, informed the court that a property that was investigated by the EFCC with allocation number ADSMLS/9900, which he said was originally allocated to Muhammadu Fofoye before it was transferred to Abu Umar Ventures Limited and then to one Prince and Princess Services. The matter was however adjourned to May 2, 3 and 4 for continuation of trial and evidence of the prosecution witness 17.

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