Dasukigate: EFCC arraigns Obadina for N2.4bn contract scam

Dasukigate: EFCC arraigns Obadina for N2.4bn contract scam
July 16 07:26 2016

The Economic and Financial Crimes Commission
(EFCC) on Friday arraigned the Managing Director, Almond
Properties Ltd., Olugbenga Obadina, in the Federal High
 Court, Abuja, on an eight-count charge bordering on
money laundering.

Obadina was accused of receiving
 over N2.4 billion from former National Security
Adviser, retired Col. Sambo Dasuki, for electricity
contracts that were never executed.

The defendant, however, pleaded not guilty to all eight
counts.

The prosecuting counsel, Peters Aso, urged the
court to remand the defendant in prison custody and
order accelerated hearing of the case.

Aso said that even though bail was at the discretion of
the court, the proof of evidence accompanying the
charges against Obadina, showed that he was not
entitled to bail.

“The defendant received N2.4 billion out of which $2.6
million has been taken abroad and his passport is still
in his custody.

“And so, if granted bail, he is a flight risk because he
will jet off to enjoy that money already abroad,’’ Aso
said.

The prosecutor said that although they had recovered
N70 million from the defendant, rather than cooperate,
he was frustrating the investigation.

He urged the court to discountenance the exhibits
attached to the defendant’s bail application, saying
they were public documents and only certified true
copies would be accepted by the court.

Defence counsel Chris Uche (SAN) notified the court
that the defendant had been in EFCC’s custody for over
one month even though he had been granted
administrative bail.

Uche urged the court to grant his client bail, saying that
the charge preferred against him was one in which bail
could be granted.

He also noted that the defendant had demonstrated,
through the exhibits he attached to his affidavit, that he
would be available to attend his trial if granted bail.

He appealed that bail should be granted in liberal terms,
adding that the N70 million recovered by the EFCC
could be used as bond.

The judge, Justice Nnamdi Dimgba, said that the court
could put in place measures that would ensure that the
defendant was not a flight risk when granted bail.

Dimgba also said that the court would put in place
measures to ensure that he appeared for his trial.

Dimgba adjourned ruling on the bail application till July
18 and ordered the remand of the defendant in Kuje
prison.