'N3bn fraud': Oyo-Ita, allies diverted public funds to private companies, EFCC witness tells court

  • 📰 thecableng
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 80%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Nigeria's independent online newspaper

Hamma Bello, a prosecution witness, in the trial of Winifred Oyo-Ita, former head of service , on Thursday, told a federal high court in Abuja how the first defendant and her her subordinates allegedly diverted public funds into their private companies.

While being led in evidence by Faruk Abdullahi and H.M. Mohammed, prosecution counsel, Bello told James Omotosho, the presiding judge, that Oyo-Ita used Slopes International Limited and Good Deal Investments Limited-fifth and sixth defendants respectively, to fraudulently award government contracts to herself through Umar.

“And upon interviewing the fourth defendant, he admitted that he was also a contractor. He also admitted to have paid the first defendant on several occasions from the proceeds of the transaction.”He further disclosed that on April 27, 2019, a transfer of N20, 227,1 42 was made in the name of one Ibrahim Madu to the Zenith Bank account of Asanaya Projects Ltd.

The witness also said the seventh defendant incorporated Asanaya Projects Ltd in his name with the knowledge of the first defendant, noting that approvals were granted while payments were made to the seventh defendant either through his personal account or to the account of the company.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How Oyo-Ita, Allies Diverted Public Funds To Private CompaniesThe Latest News from Nigeria and Around the World
Source: channelstv - 🏆 7. / 63 Read more »