The corruption trial just keeps exposing more shady money trails. Former National Security Adviser Sambo Dasuki faced court again over diverted arms funds totaling billions. An EFCC investigator, Michael Adariku, detailed how money moved from the security office to private accounts.
He described a transfer of six hundred million naira to Acacia Holdings Limited. The company's account had held almost nothing before that deposit. Another sixty million naira went to Hidayatul Atfaaf Islamic Academy for land purchase linked to co-defendant Aminu Baba Kusa.
Payments flowed to various businesses without a clear purpose. Twenty-five million naira reached Zavati Bureau De Change for a property deal. Over one hundred twenty-four million naira left the account with no explanation provided.
Additional transfers funded land purchases and foreign currency moves. Squad Developers Nigeria Limited received fifty million naira for the Abuja land bought by Kusa. Fastman Investment Limited handled transfers converting naira to dollars sent abroad.
Medical Practice Limited, tied to Kusa's wife, obtained one hundred fifty million naira. Other funds were converted into euros and moved to the United Kingdom accounts. The financial crimes commission traced these complex transactions across multiple entities.
Dasuki and Aminu Baba Kusa face numerous charges for breach of trust. The case involves alleged dishonest diversion of public money meant for security. The court has adjourned for further proceedings in the ongoing trial.
He described a transfer of six hundred million naira to Acacia Holdings Limited. The company's account had held almost nothing before that deposit. Another sixty million naira went to Hidayatul Atfaaf Islamic Academy for land purchase linked to co-defendant Aminu Baba Kusa.
Payments flowed to various businesses without a clear purpose. Twenty-five million naira reached Zavati Bureau De Change for a property deal. Over one hundred twenty-four million naira left the account with no explanation provided.
Additional transfers funded land purchases and foreign currency moves. Squad Developers Nigeria Limited received fifty million naira for the Abuja land bought by Kusa. Fastman Investment Limited handled transfers converting naira to dollars sent abroad.
Medical Practice Limited, tied to Kusa's wife, obtained one hundred fifty million naira. Other funds were converted into euros and moved to the United Kingdom accounts. The financial crimes commission traced these complex transactions across multiple entities.
Dasuki and Aminu Baba Kusa face numerous charges for breach of trust. The case involves alleged dishonest diversion of public money meant for security. The court has adjourned for further proceedings in the ongoing trial.
