An EFCC witness and investigator told the court how a bank manager helped Esai Dangabar launder N840 million.
The witness and investigator for the Economic and Financial Crimes Commission witness (EFCC), Mr. Mustapha Gadanya, told an FCT High Court how the ex-director, Esai Dangabar and others scammed the scheme.
Dangabar alongside Atiku Kigo, Ahmed Wada, Veronica Onyegbula, Sani Zira, Uzoma Attang and Christian Madubuke are standing trial for complicity in the over N24 billion scam in the police pension office.
Gadanya, who was led in evidence by the EFCC counsel, Mr. Rotimi Jacobs (SAN), told the court that the bank analysis revealed that Dangarbar fixed some amount in the bank to yield turnover.
He said about N320 million was deposited in Skye Bank between May 2008 and July 2009 for his companies, Marine Logistics and leisure Integrated Ltd.
The turnover accrued to the suspect was said to have amounted to N249.8 million and N241 million respectively, which was later sent to the Federal Government after it was discovered.
Gadanya further revealed that between February 2009 and June 2010, the manager of Syke Bank, Jabi branch, helped the first defendant to launder about N840 million.
He said the first defendant was also discovered to be the Managing Director and the sole signatory to the account of Damule Nigeria Limited, the company where his son was listed as director.
The investigator also noted that Dangarbar’s 16 duplexes at Wuyi District and six flats at Efab, in Abuja, has been forfeited temporarily to the Federal Government.
The presiding judge, Justice Husseni Baba-Yusuf, adjourned the trial till Thursday, October 13 (today) for continuation of hearing.