Stella Oduah Ex-minister allegedly laundered N3.6bn through 8 companies

By -
The Economic and Financial Crimes Commission (EFCC) has uncovered N3.6 billion allegedly stolen by former Minister of Aviation Stella Oduah, according to SaharaReporters.

Oduah, as Aviation Minister, Oduah had secured several multi-billion naira contracts to upgrade 22 airports in the country - she was alleged to have siphoned a huge part of the funds.
According to documents obtained by the online news portal, 192 contracts were awarded in the second phase of the program Oduah secured the funds for, but only six were completed.
The former minister was first investigated after compelling the Nigerian Civil Aviation Authority to buy her two bulletproof BMWs valued at N255m.
She was later indicted by the House of Representatives and a presidential committee for violating the country’s procurement regulations.
Oduah recently obtained an interim injunction preventing the EFCC from investigating, arresting, questioning, or prosecuting her.
The judge, Justice Mohammed Yunusa , who granted the injunction, is said to be controversial.
Justice Okon Abang had in February dismissed Oduah's injunction » , which gave the EFCC the go ahead to commence the investigations into the N255 million scandal.

SaharaReporters, citing an EFCC source, reported that the agency's investigations revealed that Oduah misallocated N255 million to buy her vehicles and stole N3.6 billion, which was channeled through eight companies.
She was alleged to have created the companies purposely to launder the funds.

Comments

Post a Comment

Popular posts from this blog

Women Self Defense Techniques

By -
Image
lot of women feel afraid when walking the streets alone at night - all you have to do is ask around to realise just how many of us are fed-up with walking home clutching our keys between our fingers. Of course, two men can be extremely unequally matched when it comes to strength and size, but the sad truth is that the majority of women can put up little fight against the majority of men purely because of our biological make-up. And that’s a scary thought. Progress certainly needs to be made to reduce attacks - be they sexual assault or robbery - but as that doesn’t look likely any time soon, learning self-defence is a wise move for women of all ages. Top British mixed martial artist Helen ‘Hellraiser’ Harper, who specialises in Jui Jitsu, believes all women should know more self-defence because it brings not only safety but confidence. “In my opinion, women don't have the confidence they should in life let alone in defence,” she told The Independent. “Learning to fend off an at
Read more

Four Feared Dead in Ivory Coast Crash.

By -
Image
A cargo plane has crashed into the sea off Ivory Coast, close to Abidjan airport, killing four people and injuring six. The wreckage of the turboprop plane, which was carrying ten people, was swept toward a beach where rescuers treated surviving crewmen on the sand. All four of the dead are Moldovan while four French nationals and two Moldovans were injured. Local police told AFP the aircraft had been trying to land when it crashed. According to local news site Ivoire Matin one person was taken into custody after the crash. It is unclear if they are a member of the crew. Reuters news agency reports that the plane crashed during a storm with heavy rain and lightning. The plane was a Ukrainian-made Antonov chartered by the French army as part of its anti-jihadist Operation Barkhane, a French military source told AFP
Read more