Sunday, 11 September 2016

EFCC seizes N6.8bn diverted funds from Jonathan’s cousin, firm

The Economic and Financial Crimes Commission (EFCC) has frozen N6, 811, 846,443.05 found  in the accounts of some companies belonging to Roberts Azibaola, a cousin to ex-President Goodluck Jonathan, and Bestworth Insurance Brokers Ltd.
The frozen cash was part of the N27, 188,232,208.20 benefits of the deceased staff of the defunct Power Holding Company of Nigeria (PHCN), which were diverted.
This is coming a week after soldiers sealed off the construction site of    Kakarta Civil Engineering Limited owned by  him for alleged security threat.
The army authorities said the site shares boundary with the Lungui Barracks of the army on the Kubwa/Asokoro Expressway, Abuja.
Of the N27, 188,232,208.20, the sum of N951,637,223 was deducted as Value Added Tax (VAT) and Wihtholding Tax and  paid through Diamond Bank and UBA Plc for direct credit to the Federal Inland Revenue Service (FIRS).
About N26, 236,594,986 was allegedly looted by some top officials of the Jonathan administration, while  N1.8billion was spent on the purchase of vehicles for the Goodluck Jonathan Campaign Organisation.
The commission also confirmed yesterday the seizure of a N585 million property which the Chief of Staff to the ex-President, Brig. Gen. Jones Oladehinde Arogbofa (rtd), allegedly bought with his share of the diverted cash.
Another N1billion from the N26.236b cash was  allegedly paid  to Kebna Studios and Communication Nigeria Ltd controlled by a former Director-General of the Bureau of Public Enterprises (BPE), Mr. Benjamin Ezra Dikki.
These highlights were contained in the findings of the EFCC in its ongoing probe of the alleged looting of the terminal benefits of the defunct PHCN.

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