Saturday, Nov 28th 2020 8:15 PM
Lagos
+29°C

Market Digest Nigeria

News

Ex-NNPC GM’s firms got N2.2b from N5b ONSA cash for State polls

A former Nigerian National Petroleum Corporation (NNPC) General Manager, Aminu Baba-Kusa, got N2.2 billion from the N5 billion approved by the Office of the National Security Adviser (ONSA) for the 2015 governorship and state Houses of Assembly polls, it was alleged on Wednesday.

The revelation was made by an Economic and Financial Crimes Commission (EFCC) operative, Adariko Michael, while testifying before a High Court of the Federal Capital Territory (FCT) in Maitama, Abuja.

Michael, who is a prosecution witness, narrated the involvement of the two firms linked to the one-time NNPC boss in the ONSA cash.

It was at the resumed trial of a former National Security Adviser (NSA), Col. Sambo Dasuki (rtd); Baba-Kusa and two firms, Acacia Holdings Limited and Reliance Referral Hospital Limited.

Col. Dasuki, Baba-Kusa and the two firms are being tried before Justice Husseini Baba-Yusuf on a 32-count charge bordering on misappropriation, criminal breach of trust, dishonest release and receiving various sums of money from the ONSA.

Led in evidence by lead prosecuting lawyer, Rotimi Jacobs (SAN), Michael said by a report from ONSA, EFCC investigated the matter and discovered that the sum of N5 billion was transferred from the ONSA’s signatory bonus account with the Central Bank of Nigeria (CBN) to the ONSA account domiciled in a second generation bank.

The witness told the court: “From our investigation, we discovered that N5 billion was debited in the ONSA’s CBN account … and credited to the account of ONSA in the commercial bank.

“The N5 billion was taken from its signatory bonus account. The purpose of payment was for the ONSA to prepare for the gubernatorial and state Houses of Assembly elections as approved by the Accountant-General of the Federation.”

The witness said the money was credited to the ONSA’s bank account on April 10, 2015, adding that as soon as the money entered the account, it was disbursed to various accounts.

He gave the names of the firms which accounts were credited with money from the ONSA’s account, as Reliance Referral Hospital Limited, which account with First Bank was credited with N750 million on April 17, 2015.

He added that on April 17, 2015, the accounts of Acacia Holdings Limited in two banks were credited with N650 million and N600 million respectively.

The witness said the two firms, belonging to Baba-Kusa, collected a total of N2 billion, adding that Acacia Holdings Limited had earlier collected from N200 million from the ONSA.

“From the conduct of investigation, we found that N2.2 billion was released to Acacia and Reliance Referral, the money was never used for the purpose of gubernatorial/House of Assembly elections neither was it used for the purpose of hiring clerics for offering prayers,” he said.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top
SUBSCRIBE NOW!
Get the best of Market Digest Nigeria financial news
delivered to your inbox daily!
By clicking Give it a try, I hereby: Agree and Consent to the Terms of Use and the Privacy Policy
& I may receive free newsletters & promotions from this site and can choose to unsubscribe anytime.