N22bn Fraud: Ex-Air Chief, Adesola Amosu Returns N2.6bn to Federal Government

Posted by George on Thu 30th Jun, 2016 - tori.ng

Former Chief of Air Staff, Air Marshal Adesola Amosu (rtd) has returned some amount from reported slush funds, to the federal government coffers, in his ongoing trial in court.

Adesola Amosu (Right) at a court appearance yesterday

Details that emerged from the appearance of former Chief of Air Staff, Air Marshal Adesola Amosu (rtd), at the Federal High Court in Lagos yesterday, 29th of June, 2016 have it that some humongous sums of money believed to be looted by the accused has been returned voluntarily into Federal Government coffers.

Amosu is currently standing trial over grave allegations of laundering N21 billion but his lawyer, Chief Bolaji Ayorinde (SAN), while arguing Amosu’s bail application after he was arraigned before Justice Mohammed Idris argued that his client has returned some money not out of guilty but cooperation with the law.

Amosu returned N2.6billion to the Federal Government, according to an authoritative report by The Nation.

The Economic and Financial Crimes Commission (EFCC) arraigned him along with a former Chief of Accounts and Budgeting at the Nigeria Air Force, Air Vice Marshal Jacob Adigun, and a former Director of Finance and Budget, Air Commodore Olugbenga Gbadebo.

The companies arraigned with them are Delfina Oil and Gas Ltd, Mcallan Oil And Gas Ltd, Hebron Housing and Properties Company Ltd, Trapezites BDC, Fonds and Pricey Ltd, Deegee Oil and Gas Ltd, Timsegg Investment Ltd and Solomon Health Care Ltd.

EFCC accused them of converting N21billion from the Nigeria Air Force around March 5, 2014 in Lagos.

They were also accused of concealing “proceeds of crime” and thereby committed an offence contrary to Section 18(a) of the Money Laundering (Prohibition) (Amendment) Act, 2012 and punishable under Section 17(a).