A prosecution witness for the Economic and Financial Crimes Commission (EFCC), Mr. Ade Babatunde, yesterday narrated to the court how funds belonging to Nigerian Airspace Management Agency (NAMA) were allegedly converted by some officials of the agency,
The witness, a staff of Stanbic IBTC bank, was being led in evidence by EFCC prosecutor, Rotimi Oyedepo in the ongoing trial of former employees of NAMA over N6.8 billion fraud.
EFCC had charged NAMA’s former Managing Director, Ibrahim Abdulsalam, alongside a former General Manager of Procurement, Olumuyiwa Adegorite and a former General Manager of Finance, Segun Agbolade. Others are a former acting General Manager of ICT, Bolaniran Akinribido, Sesebor Abiodun and Joy Adegorite.
Also charged are two limited liability companies, Randville investment Limited and Multeng Travels and Tours Limited.
The accused are been prosecuted on a 21-count charge of N6.8 billion fraud.
Babatunde, who is the first prosecution witness said that on July 13, 2015, a cash withdrawal to the tune of N3 million was made by the agency’s former General Manager in charge of Finance (Agbolade), from the account of Randville investment Ltd.
He said that on July 15, 2015, there was a withdrawal of N2.5 million from the account of Randville investment Ltd and same transferred to the account of Segun Agbolade.
He said: “On September 16, 2015, there was a credit transfer of N22 million into the account of Randville investment Limited. On September 28, 2015, a sum of N100 million was deposited in a fixed deposit account and on maturity, same was paid into the account of Randville investment Limited.
“On the same date, N28 million was transferred out of the account, but I cannot confirm the beneficiary because it was not stated on the statement of account. Still on September 28, 2015, N100 million was placed in another fixed deposit account.
Vía The Guardian Nigeria http://ift.tt/2mUE3pc