$2.1b Arms Scam EFCC reveals how Bello, Yuguda moved N1.5b

The anti-graft agency said Bello moved the funds through his son’s company, with the help of ex-National Security Adviser (NSA) Sambo Dasuki and ex-Minister of Finance- Bashir Yuguda.

  • Published:
EFCC play

Men of the EFCC

(uncova)
24/7 Live - Subscribe to the Pulse Newsletter!

The Economic and Financial Crimes Commission (EFCC), at the trial of the former National Chairman of Peoples Democratic Party (PDP) Dr. Haliru Bello, revealed how huge sums of money meant for arms purchase were diverted.

The anti-graft agency said Bello moved the funds through his son’s company, with the help of ex-National Security Adviser (NSA) Sambo Dasuki and ex-Minister of Finance- Bashir Yuguda.

Vanguard reports that Yuguda authorised the release of N1.5b for use, during the 2015 election campaign of former President Goodluck Jonathan.

An EFCC officer, Mrs. Rouqayya Ibrahim, while testifying in the case, said “From the statement of ONSA account, N30 billion was paid on March 11, 2015, by the AGF to the ONSA and on March 17, N300 million was paid out of the N30 billion to ONSA account.

Read: EFCC might prosecute those who returned money

“When we requested for the details of the transaction, it was revealed that Bam Project and Properties Limited, received N300 million from ONSA. The analysis of Bam Projects’ Sterling Bank account revealed that the account received a total of N300 million in two tranches of 150 million each on February 27,  2015.”

Sambo Dasuki was indicted by a panel set up by President Buhari to investigate arms purchase deals in the country since 2007.

Do you ever witness news or have a story that should be featured on Pulse Nigeria?
Submit your stories, pictures and videos to us now via WhatsApp: +2349055172167, Social Media @pulsenigeria247: #PulseEyewitness & DM or Email: eyewitness@pulse.ng. More information here.