The Prosecution explained to Justice Babs Kuewunmi, Federal High Court in Lagos, how Ibrahim Abdulsalam and others allegedly orchestrated N6.8 billion theft from NAMA since 2013.
NigerianFLIGHTDECK has learned that Ministry of Transportation’s Permanent Secretary, Alhaji Sabiu Zakari, suspended the accused from NAMA.
The Economic and Financial Crimes Commission (EFCC) charged Abdulsalam, Nnamdi Udoh (at large), Adegorite Olumuyiwa, Agbolade Segun, Clara Aliche, Joy Ayodele Adegorite, Randville Investment Ltd, and Multeng Travels and Tours Ltd with 21 counts.
How MD, Others orchestrated N6.8 billion theft
According to the EFCC, on August 19, 2013, the defendants conspired to defraud NAMA of N2,847,523,975.00 by inducing false claims for clearing NAMA’s consignments.
They conspired to induce NAMA to deliver N2, 847,523,975.00 to Delosa Ltd, Air Sea Delivery Ltd and Sea Schedules Systems Ltd under false claims.
Stanbic IBTC Bank’s Compliance Officer, Babatunde Adenekan, testified that NAMA’s funds went into Delosa’s account and were distributed to others.
Adenekan, said that last February 12, the defendants allegedly transferred N10 million to Paperhouse Limited, as well as N8.6 million to Gabson Bureau de Change last March 7.
Adenekan said they transferred N10 million and N6.4 million to Paperhouse on March 7. NAMA’s funds were moved to Delosa’s account and later to Randville.
He added, “On October 16, 2014, N38.8 million came into Delosa’s account.”
That same day, they transferred N9 million in four installments into Randville’s account. They also paid N2.3 million into Randville’s account.
“On November 11, 2014, N98.2 million came into Delosa’s account. That day, they transferred N9 million in three installments to Randville. They transferred another N3 million to Randville the same day, while N7.8 million went to Multeng and Tours Limited.
“On December 3, 2014, N88.9 million came in. That same day, they transferred N9 million in four installments to Randville and another N2.5 million to Randville.
“On December 7, 2014, N37.5 million came into Delosa’s account from the Central Bank of Nigeria (CBN).
He stated, “On December 18, they transferred N10 million in three installments to Randville Investment Limited and another N7 million the same day.”
He said Randville had 10 fixed deposit accounts and one current account. The signatories were Agbolade Segun (third accused) and his wife, Agbolade Susan.
He added that they transferred N3.1 million to Segun’s personal account on January 2, 2013. Bola Akinribido and Sesebor Abiodun also benefited from the cash distribution.
They have adjourned the case until May 30.
