N558 million Badeh diverted every month

Nigeria has so much money,see how money is just flying left,right, centre,not small monies..(rolling eye)yet some Nigerians can’t afford 3square meal a day

Anyways take a read

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The prosecution in the case involving former Chief of Air Staff (COAS), Alex Badeh opened its case yesterday with a witness, who Air Commodore Aliyu Yishau (rtd),( the witness) gave details of how he aided Badeh to divert N558.2 million monthly from the Nigerian Air Force’s Personnel and Emolument Vote Account with the United Bank for Africa (UBA).

He served as former Director of Finance and Account of the Nigerian Air Force (NAF), while Badeh was COAS, said the diversion lasted between September 2012 and December 2013. Led in evidence by lead prosecution lawyer, Rotimi Jacobs (SAN), Yishau said he routinely assisted Badeh to divert money which he converts to dollar before handing same to Badeh at his official residence. He said the NAF received monthly allocations in its Capital Vote account with the Central Bank of Nigeria in Lagos; the Overhead Vote account with Zenith Bank Plc and the Personnel and Emolument Vote account with the UBA.

 The witness said he assisted Badeh to acquire and develop landed property in Abuja with the N558.2 million taken monthly form the Personnel Emolument account. He said the money formed part of the leftover after salaries and allowances of workers had been defrayed from the N4 billion received monthly. He said the monthly movement of the dollar equivalent of N558.2 million to Badeh was not documented because it was not the practice in the military to request a written agreement. His words: “Although, I cannot remember the figure each year, we received a little about N4 billion monthly for the personnel emolument allocation account. However, our total wage bill as at that time was above N2 billion monthly. “The balance of the personnel emolument was usually about N1.6 billion to N1.7 billion, depending on the month. Of this amount, N558, 200,000 was for the monthly general administration of the Chief of Army Staff. “As the Director of Accounts, I would instruct the finance officer at the headquarters of NAF camp, Abuja and after the money is changed, I would take it to Air Chief Marshall Alex Badeh at his official resident in Niger Barracks. “As military officers, we don’t request for any agreement.

However, in some case, I told the finance officers to meet me at the Air House in Niger Barracks with the money so that he can see when I handed over the money to Badeh. “The instruction for conversion is not in writing. The Chief of Air Staff does give many instructions that are not in writing. The only instructions that were in writing were those requests forwarding instructions from branches and units for approval. When the approvals are given, they are forwarded to my office for necessary payment action.” The witness denied benefiting directly from the money but that Badeh helped him to complete the houses he was constructing in Abuja and Kaduna, which the Economic and Financial Crimes Commission (EFCC) has temporarily attached. Yishau said Badeh was the second CAS he served as the Director of Finance Accounts and that Badeh’s predecessor, M.D Umar was still being investigated by the EFCC. He said Badeh provided the dollar equivalents for the purchase of the various property which he assisted him to locate in various parts of Abuja. “Sometimes in January 2013, the then Chief of Air Staff, asked me to get him a good house in Maitama, where he wants to retire in.

I have a friend who was into property, Hussein Umar and I contacted him. Umar said the house he got was N1.1 billion and I told Air Chief Marshal Badeh, which he agreed to pay. Yishau said Badeh paid another N260 million to purchase a duplex at No. 19 Kumasi Crescent, Wuse II, Abuja for his first son, Alex Badeh (Jnr), N60 million to renovate it and another N90 million to furnish it. Badeh, he added, bought a commercial plot of land at Plot 1386, Oda Crescent Cadastral Zone A07, Wuse II, Abuja for N650 million and paid N878 million for the construction of a shopping mall at same address and another N304 million to complete the plaza. Yishau told the court that Badeh paid N330 million to Honourable Bature for a duplex at No. 14 Adzope Crescent, Off Kumasi Crescent, Wuse II, Abuja and also paid N240 million to Rabiu Isyaku Rabiu to buy a semi-detached duplex at No. 8A, Embu Street, by Sigma Apartment, Wuse II, Abuja, for another of his son, Kam.

 He said the property at No. 2 Nelson Mandela Street Asokoro, Abuja was renovated with N62 million. As the witness spoke, Badeh wrote intermittently on a plain sheet. Badeh and a firm, Iyalikam Nigeria Limited were arraigned on March 7 on a 10-count charge of breach of trust and corruption for allegedly diverting about N3.97 billion from NAF’s account. Although the court later granted him bail at N2 billion with two sureties at N1 billion each, it was learnt yesterday that he was yet to meet the bail conditions. Justice Abang adjourned till March 23 for continuation of trial.