The EFCC just disclosed a detailed account on how N1.2 billion was credited into two accounts allegedly belonging to Murtala Nyako, a former governor of Adamawa state. The account was given by Wueng Agati a witness of the EFCC.
On Tuesday, May 2, Wueng Agati narrated the whole ordeal to Justice Okon Abang of the Federal High Court, Abuja.
Agati, who is a banker with Guaranty Trust Bank (GTB), gave the name of the accounts as Blue Ribbon and Babangida Inuwa.
Nyako is facing trial for N29billion fraud and is being prosecuted along his son, Senator Abdul-Aziz Nyako, Abubakar Aliyu and Zulkifikk Abba on a 37-count charge bordering on criminal conspiracy, stealing, abuse of office and money laundering.
Murtala Nyanko was the Governor of Adamawa from 29, April 2008, till he was impeached in July 2014.
Five companies that partook in the illegal diversion of the funds: Blue Opal Limited, Sebore Farms & Extension Limited, Pagoda Fortunes Limited, Tower Assets Management Limited and Crust Energy Limited, were equally charged before the court as the 5th to 9th accused persons respectively.
Agati narrated how the EFCC wrote his bank in 2014 requesting for the account opening document, certificate of identification and statement of account of several accounts which included Blue Ribbon and Babangida Inuwa.
“In 2014, the EFCC wrote to GTB, requesting for account opening and statement of accounts of Mainstream Energy Limited, Dantshoho Hotel Limited, Alkali Mahmoud, Tower Asset Management Limited, Dantshoho Petroleum Marketing Company Limited, Babangida Inuwa and Blue Ribbon. We generated the documents and forwarded them to the EFCC”, Agati said.
The documents were presented and admitted in evidence.
How over 1bn was credited into Nyako account
Agati went on by giving a breakdown of how the over N1 billion was credited into the accounts of Blue Ribbon and Babangida Inuwa.
Here’s the breakdown:
- Blue Ribbon account was first credited with N10 million by CIFT FSDH
- On December 17, 2012, N20 million was paid into the same account by same CIFT FSDH
- On December 28 2012, N40 million was credited to Blue Ribbon by CIFT/FSDH
- The accounts also got credited with N50 million each on February 19, 2013, and March 12, 2013 by CIFT/FSDH.
Agati explained further:
- On April 17, 2013 N14 million was paid into the account (Blue Ribbon) in four tranches. The first tranche of N1million was marked cash deposit by (Blue Opal) by Jelilat Ibrahim.
- The second lodgment was also N1 million, which was marked cash deposit (Blue Opal Nigeria Limited).
- The third lodgment was N10 million and marked customer deposit cheque (Tower Asset Managing Limited/Blue Ribbon Multi links Limited)
- The fourth lodgment of N2 million was marked customer deposit cheque (Tower Asset management Limited/Blue Ribbson Muiltilinks Limited.
Agati was asked by the court to take a look at Exhibit AC1 (Exhibit AC1: account opening, statement of accounts and certificate of identification for Dantshoho Hotel Limited) and explain the transfer that was done from the account. He said, “On November 12, 2013, a sum of N1,015,740,000 (One billion, Fifteen Million, Seven Hundred and Forty Thousand Naira) was transferred from the account (Babangida Inuwa) to another bank.”
The hearing was adjourned to Wednesday, May 3, 2017.