Just In: Witness Reveals How Ex-HoS, Oyo-Ita, Others Diverted ₦3 Billion To Private Companies

Just In: Witness Reveals How Ex-HoS, Oyo-Ita, Others Diverted ₦3 Billion To Private Companies....KINDLY READ THE FULL STORY HERE▶

In the ongoing corruption trial involving Winifred Oyo-Ita, former Head of Service of the Federation, Hamma Bello, the eighth prosecution witness, delivered pivotal testimony on Thursday at the Federal High Court in Maitama, Abuja, shedding light on how Oyo-Ita and her associates allegedly funneled public funds into private enterprises.

The Economic and Financial Crimes Commission (EFCC) has levied charges against Oyo-Ita, the primary defendant, alongside her aides Ugbong Effiok and Garba Umar, on multiple counts of fraud and embezzlement of public funds. The accusations involve six companies, including Frontline Ace Global Services Limited, Asanaya Projects Limited, and others, totaling over ₦3 Billion.

Bello, under the guidance of prosecution counsel Faruk Abdullahi and H.M. Mohammed, recounted how Oyo-Ita purportedly utilized Slopes International Limited and Good Deal Investments Limited, two of the implicated companies, to unlawfully secure government contracts through Umar, the fourth defendant.

The witness revealed intricate financial transactions, including a significant payment of ₦42,748,201.47 into the Zenith Bank account of Good Deal Investments Limited in February 2019. Umar, according to Bello, established the company with Oyo-Ita’s complicity.

Further scrutiny exposed transfers totaling ₦20,202,142 credited to the Zenith Bank account of Asanaya Projects Limited in April 2019, under the name of Ibrahim Madu, with the mandate card bearing the signature and photo of Effiok, the seventh defendant.

Bello’s investigation uncovered the incorporation of Asanaya Projects Limited by Effiok with Oyo-Ita’s knowledge, indicating approvals and payments made to Effiok either directly or through his company’s account.

The witness also detailed financial activities related to U and U Global Services Limited and Prince Mega Logistics Ltd, implicating several individuals, including Oyo-Ita, Effiok, and others.

During interrogation, the defendants corroborated aspects of the financial transactions, with Oyo-Ita voluntarily providing phone chat records and making statements to the EFCC.

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