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N1.5bn traced to ex-finance minister's son

14 March 2016, 12:13

Abuja - The Economic and Financial Crimes Commission (EFCC) has traced the sum of N1.5billion to the account of the son of a former minister of finance as part of ongoing investigations into the alleged diversion of $2.1billion arms procurement fund.

A bureau de change operator told the anti-graft agency that N1.5billion was paid into the account for the son of a former Minister of Finance.

Umaru said, “I was invited by EFCC and when I reported, I was shown my company’s account statement with Zenith Bank called Jabama Ada Global Nigeria Limited in which there was an inflow of N500million on 5/2/2015 and N1billion on 16/4/2015 into the account from the Office of the National Security Adviser.

Also read: Dasukigate: N400m discovered in army officer’s account

“On the inflow of N500million into my company’s account on 5/2/2015, I wish to state as follows : That on the same date(5/2/2015), I paid the equivalent of US$2 380 952 to the son of the minister, being the equivalent of the said N500million at the rate of N210 per dollar.”

Salisu, who gave the EFCC details of how the N1.5billion was wired into his company’s account, said he never knew what the cash from the Office of the National Security Adviser (ONSA) was meant for.

Source: Nation

- News 24

Tags efcc nigeria

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