Alleged N18 billion fraud: EFCC docks former head of Nigerian agency, four others - Welcome to Uju Ayalogu's Blog

Breaking News

Post Top Ad

Thursday, 23 November 2017

Alleged N18 billion fraud: EFCC docks former head of Nigerian agency, four others

Alleged N18 billion fraud: EFCC docks former head of Nigerian agency, four others

Henry Ekhasomi Sambo

The Economic and Financial Crimes Commission, on Thursday arraigned Umar Abubakar, Henry Sambo, Adebayo Aderibigbe, Richard Uche and Aderemi Adegboyega before Justice Silvanus Orji of the Federal Capital Territory High Court, sitting in Apo, Abuja, on a 26-count charge bordering on conspiracy, abuse of office and illegal diversion of public funds.

READ ALSO :  Attorney General Malami lied on Maina’s recall letters, says Oyo-Ita, Federal Civil Service Commission

Trouble started for Mr. Abubakar, a former managing director of Nigeria Social Insurance Trust Fund, NSITF, and his co-defendants (some of whom were former board members and current staff of NSITF), when a whistleblower petitioned the EFCC accusing them of abusing their positions to divert public funds running to billions of naira.

Acting on the petition, EFCC operatives investigated the allegations and after thorough investigations were carried out, it was revealed that between 2012 to 2015 they allegedly received kickbacks in dollars in the discharge of their duties, and ‘conspired to divert’ the about N18 billion, being contribution from the Federal Government of Nigeria as take-off grants and Employees Compensation Scheme (ECS) for Ministries Departments and Agencies (MDAs).

The said money was allegedly diverted into personal accounts by an e-payment mandate. The offence contravenes Section 311 of the penal code cap 532 LFN (Abuja) 1990 and punishable under Section 312 of the same code.

One of the counts reads: “That you Umar Munir Abubakar “M” being the former managing director of Nigeria Social Insurance Trust Fund (NSITF), Henry Ekhasomi Sambo “M” being General Manager Finance (NSITF), Sir Adebayo Adebowale Aderibigbe “M” being General Manager Legal Department (NSITF), Chief Richard U. Uche “M” being a former board member of (NSITF), Aderemi Adegboyega “M” being a former board member of (NSITF) and Dr. (Mrs) Ngozi Olejeme “F” former board chairman (NSITF) (now at large).

On or about 2012 to 2015 in Abuja within the jurisdiction of the High Court of the Federal Capital Territory, Abuja, while being entrusted with dominion over money belonging to the Nigeria Social Insurance Trust Fund (NSITF), dishonestly converted to your own use the sum of Eighteen billion naira (N18,000,000,000), being contribution from the Federal Government of Nigeria as take-off grants and Employees Compensation Scheme (ECS) for MDA’s.

READ ALSO :  Zimbabwe: How Bribe-taking Police Officers Suddenly Disappeared From Checkpoints After Mugabe's Fall

The said sum was diverted into personal accounts by an e-payment mandate jointly signed by Umar Munir Abubakar and Henry Ekhasomi Sambo and thereby committed an offence contrary to Section 311 of the penal code cap 532 LFN (Abuja) 1990 and punishable under Section 312 of the same code”.

The accused persons pleaded “not guilty” to the charges preferred against them.

In view of their pleas, counsel to the EFCC, Steve Odiase, urged the court to fix a date for trial and to remand them in prison custody pending trial.

However, counsel to the defendants, J. K Kolawole, Napoleon O. Idenala, J. A. Kalu, J. C. Njikonye and Obafemi Adewale, applied for the bail of their clients, and prayed the court to grant them bail on liberal terms.

After listening to the arguments, Justice Orji granted them bail.

“Each of the defendants is admitted to bail in the sum of N50 million with two sureties in like sum,” the judge ruled, adding that the two sureties should be residents in the Federal Capital Territory, Abuja.

He further ruled that one of the sureties must be a civil servant of at least the level of a director, and warned that anyone who failed to fulfil the bail condition, “shall be remanded in prison custody”.

They were also warned not to leave the country without the permission of the court.

Their trial has been adjourned to February 5 to 7, 2018.

Are you an artiste? Do you want your music to go viral and reach a large number of audience? Promote your music and Submit your story  on Ujuayalogusblog.com by clicking here. For Advert Inquiries Tel/+44(0)7590363984 Subscribe to Ujuayalogusblog.com News!

For More:  Visit Us at Uju Ayalogu's Blog


Share This

No comments:

Post a Comment

Post Bottom Ad

Pages