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Thursday, 18 February 2016

How Haliru, Son squandered N300m of arms purchase fund



Justice Ahmed Ramat Mohammed of a Federal High Court in Abuja was on Tuesday told how the former chairman of the Peoples Democratic Party (PDP), Haliru Mohammed Bello and his son. Abba squandered the sum of N300 million of the $2.1 billion of the fund mearnt for the purchase of arms to fight the Boko Haram insurgents in the country.
 A prosecution witness and a detective with the Economic and Financial Crimes Commission (EFCC), Ruqayya Ibrahim, who was led in evidence by the counsel to the EFCC, Rotimi Jacobs (SAN) topld the court that she was part of the special task force that investigated the allegations against Haliru and his son.

 According to the witness, who attached to the forensic accounting unit of the anti-graft agency as an analyst, investigation into the matter revealed that there was a letter dated 2nd March, 2015 from the ministry of finance, requesting the sum of N300 million from the Central Bank of Nigeria (CBN) for expenditures and that N30 million out of the said amount was for the Office of the National Security Adviser (ONSA) for security issues.

The witness said on 3rd March last year, the Accountant General of the Federation (AGF) wrote to the Ministry of Finance in respect of the N30 million and added another N31 million that has nothing to do with ONSA and added further that that the AGF wrote to the CBN  on the 6th of March, 2015, authorising the release of the N30 million, which was paid into ONSA account with the CBN in March last year.

Ruqayya told the court that, n the same month, N300 million, was transferred into the account of Bam Project and Property Limited with Sterling Bank Plc from Jabbama_ada Global services Limited.
 “Our analysis revealed that, on 17th March, N300 millio=uion was credited into Bam Project and Property Limited (a company owned by Abba Bello) account with Sterling Bank Plc from ONSA”.
She said the money was paid into Abba’s company account on the instruction of his father, the former PDP chairman, the third defendant in the matter, adding also that, “the payment was made as a result of Bello Haliru, supplying the name of the company to Bashir Yuguda, a former Minister of State for Finance for the purpose of payment for the PPD’2015 election.

“In the course of investigation, we found out that the disbursement of the money was made to two companies, Kumo Gono Limited got N137 million and North Pole Limited received a little over N163 million and on March 26, 2015, Abba Bello, the owner and sole signatory of Bam Project, made a cash withdrawal of N20 million in two tranches of N10 million each.

On 28th March, Abba Bello paid N50 million to the Abuja Geographical Information System (AGIS) for the purpose of mass housing development and another transfer of N2 million to Julius Beger Plc was made for the supply of furniture to his client”, the witness added.
Ruqayya, while been led in evidence by the prosecution witness, Rotimi Jacobs (SAN) said Abba admitted that the money paid into the account of his company were on the instruction of his father for the purpose of PDP election.
 She said Abba confessed that his company, Bam Project did not carry putr any contract for ONSA, adding that the transfers made to to Kumo Gomo, North Pole and Hijra Textiles wetre on the instruction of his father for PDP campaign activities. The former PDP chairman who was arraigned with his son and their com-pany, Bam Projects and Property Limited over their alleged involvement in the $2.1 billion arms deal were granted bail on January 7, 2016 by the trial Judge.

They both pleaded not guilty to the charges preferred against them by the EFCC.

Source: Tribune


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