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


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.

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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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