Arms Deal Worth $2.1 Billion

By: Dayo Fasasi The Economic and Financial Crimes Commission (EFCC) has summoned the CEO of Thisday Newspaper to surrender himself for interrogation and clarification in respect to arms money. Thisday Newspapers Chief Executive Officer, Nduka Obaigbena, has been linked as one of the major beneficiaries of the $2.1 billion arms deal, allegedly diverted by the office of the former National Security Adviser (NSA), Sambo Dasuki. Obaigbena, admitted collecting N550 million from the NSA as compensation for the bombing of the Thisday building in Abuja by deadly Boko Haram. A veteran journalist at Thisday also revealed that another N120 million was … Continue reading Arms Deal Worth $2.1 Billion

Witness Received $2 Million from Metuh

By: Dayo Fasasi Monday the Economic and Financial Crimes Commission (EFCC) opened its case of money laundering and corruption against the National Publicity Secretary of the People’s Democratic Party, Mr. Olisa Metuh, at the Federal High Court in Abuja. The charges of money laundering involves the sum of N400m, which he allegedly collected from the National Security Adviser (NSA) in November 2014. The case was opened with two witnesses Nneka Ararume and another unnamed witness, who both explained how they helped the defendant exchange $2million into Nigerian currency and later invest it. Ararume, the first prosecution witness, a wealth manager … Continue reading Witness Received $2 Million from Metuh