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Monday, 15 February 2016

FORMER NAF FINANCE DIRECTOR RETURNS N84M STOLEN FUNDS TO EFCC

Monday, February 15, 2016 Posted by Anonymous No Comments

Former NAF Finance Director Returns N84m Stolen Fund to EFCC

The immediate past Director of Finance and Budget of the Nigerian Air Force, has finally returned the sum of N84m he diverted from the money meant for the purchase of arms.

EFCC Chairman, Ibrahim Magu

The Economic and Financial Crimes Commission has recovered N84m from the immediate past Director of Finance and Budget of the Nigerian Air Force, Air Commodore O. O. Gbadebo.

Tori news gathered that the money was diverted from the account of the Air Force which was part of the money meant for the purchase of weapons.

A source revealed Gbadebo confessed to diverting the said sum to his company account. The source said: “After we sealed some properties last week, we continued to grill the three officers. Gbadebo finally confessed to diverting N84m into his company account. The money was swiftly recovered.

“We have also seized a large fish processing company belonging to Adigun. He also manufactures fish feeds, which he sells to end users.”

The source also revealed that the EFCC recovered $117,000 from the former NAF boss, Amosu. The money was diverted from the fund meant for purchase of arms. It was also revealed that rumours about recovering $1 million from Adeshola Amosu's Badagry home from a soak away was totally false.

The source added, “There have been reports that $1m was recovered from a soak away in Amosu’s Badagry home. This is not true.

“The actual amount recovered was about $117,000 and it was kept in a safe in the house and not in a soak away. The money is currently in our exhibit room. We also recovered N200, 000 in cash from the house.”

He revealed that the military officers used their wives to divert money after setting up phony companies.

It would be recalled that last week, the EFCC seized houses belonging many former top NAF chiefs like Gbadebo; the immediate past Chief of Air Staff, Air Marshal Adesola Amosu (retd.); and the Chief of Accounts and Budgeting of the Nigerian Air Force, Air Vice Marshal J.B. Adigun, all worth about N5bn.