Immediate past Chief of Defence Staff, Air Marshal Alex Badeh might be in more trouble after the EFCC revealed that he squandered N3.9 billion belonging to the Nigerian Air Force.
The Economic and Financial Crimes Commission has filed 10 counts of money laundering against Air Marshal Alex Badeh (retd.), who is the immediate past Chief of Defence Staff accusing him of squandering a total sum of N3.9bn from the accounts of the Nigerian Air Force between January and December, 2013.
The accusations are contained in the charge sheet presented by the EFCC before Justice Okon Abang of the Federal High Court in Abuja. Badeh, who has remained in EFCC custody since February 8, is charged along with a firm, Iyalikam Nigeria Limited.
According to the EFCC the charges, numbered FHC/ABJ/CR/46, 2016, Badeh and Iyalikam Nigeria Limited are accused of spending the total sum of N3,974,362,732.94, on acquisition, construction, renovation, furnishing of various properties, including a shopping mall in many choice areas of Abuja. The properties were purchased, renovated and furnished for his son.
Badeh is accused of purchasing a mansion at No. 6, Ogun River Street, off Danube Street, Maitama, Abuja, which the defendants were said to have purchased with N1.1bn. He also allegedly bought a commercial plot of land at Plot 1386, Oda Crescent, Cadastral Zone A07, Wuse II, Abuja, for N650m.
Badeh is said to have paid N260m to purchase a duplex at No. 19 Kumasi Crescent, Wuse II, Abuja, for Badeh’s son. He also paid N878m for the construction of a shopping mall at Plot 1386, Oda Crescent, Cadastral Zone A07, Wuse II, Abuja, and another sum of N304m to complete the construction.
The sum of N60m was said to have been paid for the renovation of the property and another N90m to furnish the property.
The EFCC charge also revealed that Badeh paid N330m to one Honourable Bature to purchase a duplex at No. 14 Adzope Crescent, Off Kumasi Crescent, Wuse II, Abuja and he also paid N240m to Rabiu Isyaku Rabiu to buy a semi-detached duplex at No. 8A Embu Street, by Sigma Apartment, Wuse II, Abuja.
They also allegedly renovated a private property at No. 2 Nelson Mandela Street, Asokoro, Abuja, with N62m.
The money laundering charges are said to be contrary to Section 15(2)(d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.
EFCC’s Deputy Director, Legal and Prosecution Department, Aliyu Yusuf, who signed the charges revealed that Badeh paid for these from money he removed from Nigerian Air Force account totalling N3.9bn.
Some of the charges read, “That you, Air Chief Marshal Alex S. Badeh (whilst being the Chief of Air Staff, Nigerian Air Force) and Iyalikam Nigeria Limited between January and December 2013 in Abuja, within the jurisdiction of this honourable court, did use dollar equivalent of the sum of N1,100,000,000 (one billion, one hundred million naira only) removed from the accounts of the Nigerian Air Force to purchase for yourselves a mansion situate at No. 6 Ogun River Street, off Danube Street, Maitama, Abuja, when your reasonably ought to have known that the said funds formed part of the proceeds of unlawful activity (to wit: criminal breach of trust and corruption) of Air Chief Marshal Alex S. Badeh and you thereby committed an offence contrary to Section 15(2)(d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.
“That you Air Chief Marshal Alex S. Badeh (whilst being the Chief of Air Staff, Nigerian Air Force) and Iyalikam Nigeria Limited between January and December 2013, in Abuja, within the jurisdiction of this honourable court, did use dollar equivalent of the sum of N650,000,000 (Six hundred and fifty million naira only), removed from the accounts of the Nigerian Air Force, to purchase for yourselves a commercial plot of land, situate at Plot 1386 Oda Crescent, Cadastral Zone A07, Wuse II, Abuja, when you reasonably ought to have known that the said funds formed part of the proceeds of unlawful activity (to wit: criminal breach of trust and corruption) of Air Chief Marshal Alex S. Badeh and you thereby committed an offence contrary to section 15(2)(d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.
“That you Air Chief Marshal Alex S. Badeh (whilst being the Chief of Air Staff, Nigerian Air Force) and Iyalikam Nigeria Limited between January and December 2013, in Abuja, within the jurisdiction of this honourable court, did use an aggregate sum of N878,362,732.94 (eight hundred and seventy-eight million, three hundred and sixty-two thousand, seven hundred and thirty-two naira, ninety-four kobo), removed from the accounts of the Nigerian Air Force and paid into the account of Rytebuilders Technologies Limited with Zenith Bank Plc for the construction of a shopping mall, situate at Plot 1386 Oda Crescent, Cadastral Zone A07, Wuse II, Abuja, for yourselves, when you reasonably ought to have known that the said funds formed part of the proceeds of unlawful activity (to wit: criminal breach of trust and corruption) of Air Chief Marshal Alex S. Badeh and you thereby committed an offence contrary to section 15(2)(d)of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.’’
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