Tuesday, 4 October 2016

N2.4bn ONSA Contract scam: How Obadina Mismanaged Funds – Witness

The EFCC, on Tuesday, October 4, 2016 presented its first witness, PW1, Umar Bello, to kick-start the trial of one Olugbenga Obadina, Chairman and Managing Director, Almond Projects Limited, who is facing an eight-count charge of fraud before Justice Nnamdi Dimgba of the Federal High Court, Abuja.

Obadina allegedly collected money to the tune of N2.4billion from the Office of the National Security Adviser, ONSA, under Col. Sambo Dasuki (rtd) purportedly for a phony contract.

He was alleged of collecting a sum of N2, 417, 000,000.00 (two billion, four hundred and seventeen million naira), paid into his company’s account in tranches, between 2013 and 2015 from the account of the ONSA under Col. Sambo Dasuki (rtd) without contract award.

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