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How NAMA was looted, by EFCC’s witness

May 12, 2016

The Federal High Court in Lagos Thursday heard how Nigerian Airspace Management Agency (NAMA) Managing Director/Chief Executive Ibrahim Abdulsalam and others allegedly stole N6.8billion.


The Economic and Financial Crimes Commission (EFCC) charged him and Nnamdi Udoh (still at large), Adegorite Olumuyiwa, Agbolade Segun, Clara Aliche, Joy Ayodele Adegorite, Randville Invesment Ltd and Multeng Travels and Tours Ltd on a 21-count charge.
EFCC said on August 19, 2013, the defendants, with intent to defraud, conspired amongst themselves to induce NAMA to deliver the sum of N2,847,523,975.00 to Delosa Ltd, Air Sea Delivery Ltd and Sea Schedules Systems Ltd under the pretense that the money represented the cost of clearing NAMA’s consignments.
A prosecution witness, Stanbic IBTC Bank’s Compliance Officer, Babatunde Adenekan, said NAMA funds were paid into Delosa’s account and distributed to others between 2013 and last year.
He said last February 12, the defendants allegedly transferred N10million to Paperhouse Limited, as well as N8.6million to Gabson Bureau de Change last March 7.
Adenekan said N10million and N6.4million were transferred to Paperhouse last March 7.NAMA’s funds, he said, were moved to Delosa’s account from where they were transferred to Randville.
He added: “On October 16, 2014, N38.8million came into Delosa account. That same day, N9million in four places were transferred into Randville account. That same day, N2.3million was also paid into Randville account.

“On November 11, 2014, N98.2million came into Delosa account. On that day, N9million in three places were transferred to Randville. Another N3million was transferred to Randville the same day,  while N7.8million was transferred to Multeng and Tours Limited.
“On December 3, 2014, N88.9million came in. The same day, N9million in four places were transferred to Randville and another N2.5million was transferred to Randville.
“On December 7, 2014, N37.5million came into Delosa account from Central Bank of Nigeria (CBN). On the 18th, N10million in three places were transferred to Randville Investment Limited and later another N7million on the same day”, he stated.
He said Randville has 10 fixed deposit accounts and one current account. The signatories, he said, were Agbolade Segun (third accused) and his wife, Agbolade Susan.
According to him, N3.1 million was also transferred to Segun’s personal account on January 2, 2013, adding that Bola Akinribido and Sesebor Abiodun also benefited from the cash distribution.
Justice Babs Kuewunmi adjourned till May 30.

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