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N2.4b Arms Scam: How Obadina Mismanaged Funds—Witness

olugbenga-obadina

By Dipo Olowookere

The Economic and Financial Crimes Commission (EFCC), on Tuesday, October 4, 2016 presented its first witness, Mr Umar Bello, to kick-start the trial of one Olugbenga Obadina, Chairman and Managing Director, Almond Projects Limited, who is facing an eight-count charge of fraud before Justice Nnamdi Dimgba of the Federal High Court, Abuja.

Mr Obadina allegedly collected money to the tune of N2.4 billion from the Office of the National Security Adviser (ONSA), under Col. Sambo Dasuki (rtd) purportedly for a phony contract.

He was alleged of collecting a sum of N2.417 billion paid into his company’s account in tranches, between 2013 and 2015 from the account of the ONSA under Mr Dasuki without contract award.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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