ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Tuesday, January 26, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
FILE PHOTO: Murtala Nyako stepping into the court

FILE PHOTO: Murtala Nyako stepping into the court

How ex-Governor Nyako diverted N1.2bn to private companies -Witness

byPress Release
March 25, 2017
2 min read
ADVERTISEMENT

The Economic and Financial Crimes Commission (EFCC) on Friday, through its seventh witness, presented documents in court to show the transfer of about N1,384,525,000 allegedly diverted from the Adamawa State government, during the tenure of Murtala Nyako, to the account of Crust Energy Limited.

Mr. Nyako, a former governor of the state, is facing a 37-count charge along with his son and serving senator, Abdulaziz, Abubakar Aliyu and Zulkifikk Abba, before Justice Okon Abang of the Federal High Court, Abuja.

They are alleged to have committed the fraud using Blue Opal Limited, Sebore Farms & Extension Limited, Pagoda Fortunes Limited, Tower Assets Management Limited and Crust Energy Limited, as conduit pipes.

The witness, Chinedu Ayogu, a compliance officer with Diamond Bank, while being led in evidence by O.A. Atolagbe, told the court that the bank received request with respect to some companies linked to the defendants.

“We received a request from the EFCC to provide the account opening packages of Sentinel Production and Exploration Limited and the statements of account which consisted of the Naira and Dollar accounts, and we complied,” Mr. Ayogu said.

Mr. Ayogu identified the various documents sent to the EFCC in response to the anti-graft agency’s request, which were subsequently tendered as exhibit against them.

There was no objection from counsels to the defendants, as to their admissibility, and they were accepted and marked as exhibit AD.

Under cross-examination, Mr. Ayogu said at various times, several amounts of money were credited into the account of Crust Energy Limited.

Mr. Ayogu said: “On May 2, 2013, Crust Energy Limited was credited with N160 million, N79 million on May 13, 2013, and another N79 million on May 14, 2013, N150 million on May 23, 2013, and another N150 million on June 7, 2013, N120 million and N100 million on July 16, 2013, N508,500,000 on November 19, 2013, and N38,025,000 on December 10, 2013.”

RelatedNews

PROFILE: Ahmadu Umaru Fintiri, Governor, Adamawa State, Nigeria [2019 — ]

PROFILE: Babagana Zulum, Governor, Borno State, Nigeria [2019 –]

PROFILE: Abdullahi Sule, Governor, Nasarawa State, Nigeria [2019 – ]

VIDEO: How my three-year-old daughter was sexually molested in Akwa Ibom school – Mother

According to Ayogu, the documents also indicated that “on August 13, 2013, Belmark Ent. IFO Sentinel Exploration was credited with $4,500,000. On November 19, 2013, Belmark Ent. IFO Sentinel Expl was credited with $3,000,000. On December 12, 2013, Sentinel Exploration E/O Belmark Ent. Was credited with $220,000”.

While adjourning to May 2 for continuation of trial, Justice Abang fixed March 28 to hear an application brought by Mr. Abba seeking release of his international passport.

SOURCE: News statement by Wilson Uwujaren, Head Media & Publicity, EFCC.

Dangote adbanner 728x90_2 (1)

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (4)
premiumtimes



PT Mag Campaign AD

Previous Post

Court orders arrest of Ahmadu Bello’s grandson

Next Post

Peace Corps commandant still held by police six days after

Press Release

Press Release

More News

Pangolin [PHOTO: National Geographic]

Nigeria Customs intercepts huge haul of pangolin scales, ivory

January 26, 2021
Kwara State governor, AbdulRahman AbdulRazaq signing the 2021 Appropriation Bill into law. [PHOTO CREDIT: @RealAARahman]

Kwara cancels pension for ex-governors, deputies

January 26, 2021
RAMON OLORUNWA ABBAS, aka “Ray Hushpuppi,” [PHOTO CREDIT: Official Instagram account of Hushpuppi]

EXCLUSIVE: U.S. lawyers dump Hushpuppi

January 26, 2021
President Muhammadu Buhari

Buhari fires Buratai, other Service Chiefs, names replacements

January 26, 2021
NYSC Corps members

NYSC reacts to report of 13 corps member testing positive to COVID-19

January 26, 2021
EFCC (PHOTO CREDIT: @twitter.com/officialEFCC)

EFCC to appeal as court discharges judge of bribery charges

January 26, 2021
Next Post
National Commandant of the Nigerian Peace Corps, Dickson Akoh

Peace Corps commandant still held by police six days after

The World Bank

World Bank approves $200 million loan for Nigeria to boost Agriculture

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


NITDA Ad




Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,607,005 other subscribers.

Advertisement






netherland biz school Advert

Zenith Advert

Heritage Advert
ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.