The Economic and Financial Crimes Commission, EFCC, has on Tuesday, December 8, told a Federal High Court sitting in Abuja, how former Governor of Benue State, Gabriel Suswam alongside his Commissioner for Finance, Omadachi Okolobia, diverted over N3.1bn from the state treasury. Daily Post reports.
Speaking to the court, Sa’id said, during the course of their investigations, it discovered that Suswam ordered that shares owned by the State Government be sold so as to raise the sum of N10bn.
According to Sa’id, following the directive, Elixir Investment Partners was appointed as stockbrokers to oversee sale of the shares, from which over N9 billion was realised.
The prosecutor further said that while Elixir was trying to pay the sum into the two separate accounts of the Benue State Ministry of Finance as directed, it was discovered that one of the accounts does not belong to the Ministry but to one Fanffash Resources.
Elixir sought clarification in regards to the discovery from Okolobia, who mandated the company to pay N5bn into the account of Benue State Ministry of Finance while N3.1bn be paid into Fanffash Resources account.
Sa’id said the owner of Fanfash Resources, Abubakar Umar, was invited by the EFCC who confirmed that he received N3.1bn and converted same to its dollar equivalent, amounting to $15.8m, adding that he later delivered it in cash to former Governor Suswam at his Maitama Residence in Abuja.
The case has been postponed till January 18, and 19 2016.