The Economic and Financial Crimes Commission, EFCC yesterday grilled the Managing Director of Stallion Group Harprrie Singh over his alleged N1.275bn gift to Bashir Yuguda, the former Minister of State for Finance.
The former minister has been in the custody of the anti graft agency for his alleged roles in the arms procurement scandal surrounding the Office of the National Security Adviser, ONSA.
THE NATION reports that Singh was invited by the EFCC based on clues linking him with a N1.275b gift which was initiated from the office of the NSA for political reason.
According to an EFCC source cited by THE NATION,
”Stallion’s name cropped up when investigators scrutinizing transactions carried out by the former NSA with Jabbama Company, a bureau de change operator, stumbled on evidence that Stallion Group also paid N1.375 billion to the company though N100million of the money was later returned, leaving a balance of N1.275 billion.
“Investigation further revealed that Jabbama converted the money into United States Dollars ($114,750,000) and handed it to Ambassador Bashir Yuguda, former Minister of State for Finance who is already being prosecuted on multiple charges of fraud and money laundering.
“Yuguda was said to have explained to EFCC interrogators that the N1.275 billion received from the Stallion Group was at the instance of former NSA, Dasuki, for political purposes."
The source said that EFCC aims to determine if the gift made by Singh was to influence the contracts awarded to him from the ONSA.
Posts
0 comments:
Post a Comment