Thursday, 1 December 2016

EFCC shows how Nyako laundered N29bn

The Economic and Financial Crimes Commission (EFCC) has provided bank documents detailing how former governor of Adamawa State, Murtala Nyako allegedly transferred state funds. 
 Nyako was arraigned in July, 2015 before a Federal High Court in Abuja on a 37 count charges of conversion of public funds totalling over N29 billion.
 Others charged along with him are his son, Abdulaziz Nyako, and his two Aides: Zulfikk Abba and Abubakar Aliyu.
At the resumed hearing yesterday, Olabode Fariwola, the Compliance Officer of the Zenith Bank PLC, presented 35 individuals and companies’ account opening documents and statements where billions of funds were paid in. 
 Some of the individuals and companies include: Muram Juram Joel, Red Carpet Protocol Services Ltd, Tropical Agro Farms Ltd, Blue Ribbon Services Ltd, Crust Energy Ltd, Sebore Farms Ltd, Hamza Investment Ltd, and Russelleu Farms Nigeria Ltd.
 Prosecution counsel Rotimi Jacobs (SAN) sought to tender the documents including the tellers and payment mandates in connection with the accounts.
 But defence counsels: Kanu Agabi (SAN) and Salisu Maikyau (SAN) requested for time to study the documents and decide whether or not to oppose the admissibility of the documents. 
 Justice Okon Abang ruled that it will be in the interest of justice to allow the defence examine and verify the documents, including the bulky exhibits earlier sought to be tendered by the EFCC.
The case was adjourned till December 14 and 15 for hearing. 

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