Abuja
The Economic and Financial Crimes Commission, EFCC has disclosed that it has seized the $1million cash that its operatives found in the bedroom of retired Chief of Defence Staff, Air Chief Marshal Alex Badeh.
The money is believed to be part of the $2.1b arms procurement fund.
According to an EFCC source, Badeh was discovered to have been diverting arms procurement fund through Bureau de Change operators.
“When we searched his mansion at 6, Ogun River Street in Maitama District in Abuja, $1million raw cash was found in one of the rooms.
“Our operatives made sure that the search of the house was conducted in the presence of Badeh’s neighbours who can attest to the discovery. We ensured that these neighbours witnessed our operation.”
Meanwhile, Badeh's trial on 10 charges bordering on fraudulent diversion of N3.97 billion belonging to the Nigerian Air Force, NAF begins today in Abuja.
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