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Details of how Metuh spent fraudulent cash revealed

10 February 2016, 08:00

Lagos – During investigations by the Economic and Financial Crimes Commission (EFCC), detective Junaid Sa’id, revealed that Olisa Metuh spent the alleged laundered money on a house and political activities.

Punch reports that the $2 million that the spokesperson for the People’s Democratic Party (PDP) Metuh is accused of laundering, is part of N10 billion that Sambo Dasuki, the former National Security Advisor, gave out for the PDP’s presidential convention in 2014.

According to a former employee of Asset and Resource Management Company Limited, Nneka Ararume, who served as the first prosecution witness for the EFCC, Metuh gave her the $2 million to her in $100 bills.

Also Read: PDP postpones NEC meeting

Sa’id testified that Metuh retain N50 million of the money for himself, he then gave N400 million to Tony Anenih, the former Chairman of the Board of Trustees of the PDP, Kema Chikwe, the former Minister of Aviation, as well as some other PDP members.

Metuh also transferred the amount of N500 million to Daniel Paul Internation Ltd. for the purchase of a landed property at Banana Island in Lagos.

Olisa Metuh as well as his company, Destra Investment Limited, have been arraigned on seven counts of receiving N400 million fraudulently from the NSA office. He was accused of laundering $2 million as well.

Justice Abang adjourned the trail until February 18.

Read more at Punch

- News24 Nigeria


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