Latest: Corruption and Money Laundering.

Businessman remanded in prison over N2.4b ONSA scam.

Obadina

The Economic and Financial Crimes Commission, EFCC, on Friday arraigned one Olugbenga Obadina alongside his company, Almond Projects Limited, before Justice Nnamdi Dimgba of the Federal High Court sitting in Maitama, Abuja on an eight-count charge bordering on criminal breach of trust, corruption and money laundering to the tune of N2.4billion.

 Obadina allegedly collected a sum of N2, 417b paid into his company’s account in tranches, between 2013 and 2015 from the account of the Office of the National Security Adviser, ONSA, under Col. Sambo Dasuki (rtd) without contract award.

The offence is contrary to Section 15(2), (d) of the Money Laundering (Prohibition) Act 2011 as amended in 2012 and punishable under Section 15(3) of the same Act.

 One of the counts reads:

“That you, Olugbenga Obadina and Almond Projects Limited on the 3rd of April, 2014 in Abuja within the jurisdiction of this Honorable Court directly took possession or control of the sum of N648, 000, 000.00 (Six Hundred and Forty Eight Million Naira) only paid into the account of Almond Projects Ltd with Zenith Bank Plc Account No: 1010921116 from the account of the office of the National Security Adviser with the Central Bank of Nigeria without contract award when you reasonably ought to have known that the said fund formed part of the proceeds of an unlawful activity of Col. Mohammed Sambo Dasuki (rtd) the then National Security Adviser (To wit: criminal breach of trust and corruption) and thereby committed an offence contrary to Section 15(2), (d) of the Money Laundering (Prohibition) Act, 2011 as amended in 2012 and punishable under Section 15(3) of the same Act.”

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