Much of the $2.1 billion arms funds which was allegedly mismanaged and is now being investigated by the Economic and Financial Crimes Commission (EFCC) have been traced to 11 different accounts in the United Kingdom (UK), United States of America (USA) and Niger Republic, The Nation reports.
According to the newspaper, its sources said yesterday that more accounts into which the funds were paid by the Office of the National Security Adviser (ONSA) might be uncovered in the next few weeks.
Although the payment mandates indicated that the wired funds were for technical equipment or supply of vehicles, the EFCC is interested in establishing whether or not the items were delivered and if the costs of the items were inflated or not.
Some of the transfers, according to sources, were effected through ONSA Foreign Operations Account No. 100367-USD-CABANK- with FBN Bank UK and a few others through the Central Bank of Nigeria and some commercial banks in the country.
Transfers being investigated are as follows:
$10million (July 11, 2014) BSIC-NIGER, Code Bank NE 110, Swift Code BSAHNENI, Account 020383700112 );
$38million paid to Societe Nigerienne de Banque (H0064B0100125111123981/22 CODEBIC( May 20, 2014)
$16million to a different account in Societe Nigerienne de Banque (H0064B0100125111123981/41 CODEBIC (May 20, 2014)
€1,401,869 transferred to SONIBANK (Republique du Niger (October 2, 2013)
€1, 395,346.84 to another account in SONIBANK( Republique du Niger on December 11, 2013
€2,252,252.25 wired to SONIBANK (Republique du Niger) on April 1, 2014.
$36million remitted into CitiBank N.A.Canada Square, Canary Wharf London E14 5LB on May 20,2014;
$5million to CitiBank N.A. Canada Square, Canary Wharf London E14 5LB on June 4, 2014
$30million to CitiBank N.A.Canada Square, Canary Wharf London E14 5LB on March 9, 2015
$50million to Deutsche Bank Trust Company in New York on March 9, 2015
$6, 954,000 to Deutsche Bank Trust Company in New York on April 21, 2015
“We have succeeded in retrieving documents relating to some funds that were wired abroad by ONSA. We were able to identify more than 11 foreign accounts and the actual remittances,” The Nation quoted a ‘reliable source’ in the EFCC to have said.
“Already, we are tracking what the funds were used for including payment for technical equipment and supply of vehicles. Our investigation includes determining whether or not the equipment were bought and delivered; and whether the cost prices were inflated or not.
“This crucial aspect of investigation accounted for why some military officers were handed over to the EFCC for investigation.
“We are also collaborating with anti-corruption agencies in other jurisdictions to determine the validity of such transfers and confirm if the funds were not laundered.
“The EFCC is being painstaking in its investigation to ensure fairness to all suspects under probe.”
Gunmen Abduct Wife Of Akeredolu’s Chief Of Staff
Kidnappers on Friday abducted the wife of Olugbenga Ale, Chief of Staff to Ondo State Governor, Rotimi Akeredolu.
According to reports, she was kidnapped around Owena after the Joseph Ayo Babalola University while on her way back to Ondo from Lagos State.
The police spokesman in the state, ASP Tee-Leo Ikoro, confirmed the news to Channels Television on Friday.
This development is coming about twenty-four hours after a first-class traditional ruler in Ondo State, the Olufon of Ifon in Ose local government, Oba Isreal Adeusi, was murdered by suspected kidnappers.
TECNO Stormed Computer Village with BBNaija’s OZO to Wrap up its Black Friday Sales Activities
The month of November is always known for its intense sales activities because the best deals of the year come
during the Black Friday Period. For TECNO, Africa Number One mobile brand, it was the time to reward its
customers with massive discounts and various gift items while also unveiling some of its new devices.
The brand in collaboration with SLOT stormed computer village as part of the events to wrap up its black Friday
sale activities, hosted BBNaija’s Ozoemena Chukwu to a hangout at SLOT Ikeja.
Fans and customers had a fun time interacting with the handsome celebrity while enjoying discount offers on
TECNO devices. Different deals and gift items were up for grabs as customers who made purchases at the store
enjoyed 50% discounts on Spark 5, Camon 16 Series and 100% cashback on the Spark 5 Pro.
The major highlight of the event was the presentation prizes to lucky winners. Customers who participated in
the spin the wheel game won gifts items such as Bluetooth Speaker; Power Bank and kettle while those who
participated in the Scratch and Win Promo won for themselves different deals ranging from 50% to 100%
TECNO also introduced two latest devices-the Spark GO 2020-powered by Google Android 10 Go Edition and a
TECNO POVA. POVA means ‘Powering Optimal Value and Ambitions’ is a rebrand of the popular battery series
formerly known as Pouvoir was inspired by the zeal to deliver budget-friendly smartphones with superior
The first of its kind 6.8-inch TECNO POVA, is powered by Mediatek Helio G80 octa-core processor and hyper-
engine game technology that transforms gameplay experience giving ultimate stability and a high refresh rate.
Additionally, users will benefit from the “Game Space,” “Game Mode,” and “Game Assistant 2.0” features,
allowing them to switch to the “do not disturb” function, a much-anticipated experience all gamers will
The TECNO POVA is also equipped with a power-packed multitasking effect ramped up by 6GB RAM and 128GB
of internal memory. The device also has a 6000mAh super big battery, 18W Dual IC Flash charger, a standby
time of 30 days and the ability to play music for 8 days straight, on just a single charge. It’s the perfect
smartphone offering a way to worry less about low battery.
The new devices are available for purchase this November and for the rest of November, customers will enjoy
amazing discounts, instant and mega prizes on TECNO devices.
BREAKING: Court Jails Rep Member For Lying
A member of the House of Representatives, Victor Mela has been sentenced to one-month imprisonment by a Magistrate Court in Wuse, Zone 6.
The lawmaker who represents Billiri/Balanga federal constituency was, however, given an option of fine.
Recall that on November 10 that a magistrate court found the lawmaker guilty of lying under oath while filling the CD001 INEC form prior to the 2019 elections.
The magistrate had, however, set a different date for sentencing of the lawmaker after his lawyer pleaded for leniency.
Mr Mela swore to an affidavit thrice, denying citizenship of another country whereas he has a British passport.
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