Nigerian Military Commanders, Akinbamidele & Yakubu Arrested Over Alleged Stealing Of Pension Fund

at 10:54 AM, 10/11/2017 (1 year ago)
(7444 | Gistmaniac) (f)

A Lieutenant Commander Akinbamidele Odunsi and Wing Commander Ishaka Yakubu have been fingered in the alleged stealing of military pension funds to the tune of N339 million.
 
The duo have been remanded in prison custody on the order of the Federal Capital Territory High Court, Abuja.
 
the suspects were alleged to have worked in concert with two bank officials, Adidemi Aderemi Kolade and Violet Ofoegbunam to collect monies meant for payment of death benefits to deceased army officers, which they converted to personal use.
 
The Economic and Financial Crimes Commission ((EFCC), which dragged them before Justice D. Z. Senchi said their action breached Section 315 of the Penal Code Act Cap 532 LFN (Abuja) 1990, and punishable under the same Act.
 
They were arraigned on a six-count charge of conspiracy and stealing of pension funds. One of the counts read:
Quote
“That you, Wing Commander Ishaka Yakubu ‘m’ while serving as a cashier with the Military Pension Board, Lieutenant Commander Akinbamidele Odunsi ‘m’ being an Assistant Director, computer, while serving with the Military Pension Board, Mrs Abidemi Aderemi Kolade ‘f’ being a relationship manager while serving with United Bank for Africa Plc, Kuforudua branch, Abuja and Violet Ofoegbunam ‘f’ being a branch manager while serving with UBA Plc, Kuforodua branch, Abuja, on or about February, 2016 in Abuja within the jurisdiction of the High Court of the Federal Capital Territory, Abuja, while being entrusted with dominion over money belonging to the Nigeria Military Pension Board dishonestly converted to your own use the sum of N339.374 million only which was withdrawn from the Military Pension Board’s account with pretence that the said sum represented payments to the supposed next of kin to deceased Nigerian as death benefit; that the said monies were paid and withdrawn in tranches and thereby committed an offence punishable under section 97 of the Penal Code Cap 532 LFN (Abuja) 1990.”

 
The defendants pleaded not guilty to the charge. In view of their plea, counsel to the EFCC, Steve Odiase, asked the court to fix a date for hearing and to remand the accused persons in custody pending trial.
 
Odiase invited the court to take note of the fact that Yakubu and Odunsi (first and second defendants) had on several dates refused to come to court, “an attempt aimed at frustrating efforts to have them arraigned over the alleged offence.”
 
He urged the court to impose stringent conditions should it be persuaded to admitting the defendants to bail. However, Yakubu’s counsel, Patrick Ediale, informed the court of a pending application dated November 2 praying the court to admit his client to bail.
 
He urged the court to exercise its discretion in favour of the defendant saying, “he is presumed innocent until the contrary is proved.”
 
Other counsel in the defence also joined in seeking bail for their clients. Justice Senchi, while ordering the remand of the defendants adjourned to November 13 for hearing of their applications.
 
The EFCC acting chairman, Mr. Ibrahim Magu, had in a letter dated May 23, 2017 and addressed to the Chief of Defence Staff, said the suspects, who were later charged with fraud offences on May 31, 2017, allegedly opened 33 accounts with UBA into which the Military Pension Board’s funds were diverted.
 
He said in the letter marked EFCC/EC/CDS/66/16 that the total sum of N339,374,478.58 was withdrawn from the Miltary Pension Board’s account across the counter or transferred to other accounts in the bank.


Problem with this article? Please email reporter[at]naijapals[dot]com or visit our contact page

ruthie at 11:47 AM, 10/11/2017 (1 year ago)
(17393 | Hero) (f)
BASTARD ...KILL THEM ALL
Reply
Flowpajun at 12:35 PM, 10/11/2017 (1 year ago)
(220 | Upcoming) (m)
 Angry Angry Angry
Reply
benosky4 at 02:03 PM, 10/11/2017 (1 year ago)
(4884 | Gistmaniac) (m)
only in naija... big thief gets small punishment while small thief gets big punishment.

Reply
BournIdentity at 03:21 AM, 13/11/2017 (1 year ago)
(46281 | Addicted Hero) (m)
Roll Eyes                                                                        
Reply

LATEST COMMENTS

  1. cypanyahucha on: SO SAD! Young Catholic Priest Dies In Motor Accident Exactly One Year After Ordination In Nasara
    So painful. RIP father.... 36 mins ago ago
  2. Kormeijama on: BBNaija Star, Alex Comes For Trolls Who Criticized Her For Posting Videos Of Herself On Public B
    That's my girl- be  yourself and remain a realist. These days most of your colleagues lie&... 2 hrs ago ago
  3. Patode on: "We Have To Sack Workers Before We Can Meet Up With N30,000 Minimum Wage" – Governors Says
    Why can't NLC challenge the legislators. These people actually consume more money than the exec... 2 hrs ago ago
  4. Patode on: ‘I Will Not Die Until You Become President’ – Prof Ben Nwabueze Tells Atiku Abubakar
    After crafting DECREE 34 (Unification Decree) for Aguiyi Ironsi, he now believes that Atiku will try... 2 hrs ago ago
  5. o0OoStGHsbso0OoE1iL on: Winners Chapel London Says It Welcomes Gays and Homosexuals To Its Church After Expose
    π π Nokia tunuww sir ggz,I am M.A.O Ebhabha, your medicinal doctrine. I sit this hour with phych... 2 hrs ago ago