Ex-minister allegedly laundered N3.6bn through 8 companies

Only in Nigeria...


The Economic and Financial Crimes Commission (EFCC) has uncovered N3.6 billion allegedly stolen by former Minister of Aviation Stella Oduah, according to SaharaReporters.


Oduah, as Aviation Minister, Oduah had secured
several multi-billion naira contracts to upgrade
22 airports in the country - she was alleged to
have siphoned a huge part of the funds.
According to documents obtained by the online
news portal, 192 contracts were awarded in the
second phase of the program Oduah secured
the funds for, but only six were completed.
The former minister was first investigated after
compelling the Nigerian Civil Aviation Authority
to buy her two bulletproof BMWs valued at
N255m.

She was later indicted by the House of
Representatives and a presidential committee
for violating the country’s procurement
regulations.

Oduah recently obtained an interim injunction
preventing the EFCC from investigating,
arresting, questioning, or prosecuting her.
The judge, Justice Mohammed Yunusa, who
granted the injunction, is said to be
controversial.

Justice Okon Abang had in February dismissed
Oduah's injunction » , which gave the EFCC the
go ahead to commence the investigations into
the N255 million scandal.

SaharaReporters , citing an EFCC source,
reported that the agency's investigations
revealed that Oduah misallocated N255 million
to buy her vehicles and stole N3.6 billion, which
was channeled through eight companies.
She was alleged to have created the companies
purposely to launder the funds.


Source... Pulse.

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