Court remands Badeh in prison as EFCC accuse him of spending N878m on a shopping mall
In the charge sheet read in court today, Badeh is accused of spending N878 million being funds of the air force to build a shopping mall in Abuja. He is alleged to have also used funds of the Nigerian air force to purchase choice properties in Abuja. Part of the charge sheet reads...
“That
you Air Chief Marshal Alex S Badeh (whilst being the chief of air
staff, Nigerian air force) and Iyalikan Nigeria Limited, between January
and December, 2013, in Abuja, within the jurisdiction of this
honourable court, did use the dollar equivalent of the sum of
N1,100,000,000.00 (One billion, one hundred million naira only), removed
from the accounts of the Nigeria air force, to purchase for yourselves a
mansion situated at No 6 Ogun River street, off Danube street, Maitama,
Abuja, when you reasonably ought to have known that the said funds
formed part of proceed of unlawful activity (to wit: criminal breach of
trust and corruption) of Air Chief Marshal Alex S Badeh, and you thereby
committed an offence contrary to section 15(2) (d) of the money
laundering (Prohibition) Act, 2011 (as amended) and punishable under
section 15(3) of the same Act.
That
you Air Chief Marshal Alex S Badeh (whilst being the Chief of Air
Staff, Nigerian air force) and Iyalikam Nigeria Limited between January
and December 2013, in Abuja, within the jurisdiction of this honourable
court, did use dollar equivalent of the sum of N650,000,000 (Six hundred
and fifty million naira only), removed from the accounts of the Nigeria
Air Force, to purchase for yourselves a commercial plot of land,
situate at Plot 1386 Oda Crescent, Cadastral Zone A07, Wuse II, Abuja,
when you reasonably ought to have known that the said funds formed part
of the proceeds of unlawful activity (to wit: criminal breach of trust
and corruption) of Air Chief Marshal Alex S Badeh and you thereby
committed an offence contrary to section 15(2)(d) of the Money
Laundering (Prohibition) Act, 2011 (as amended) and punishable under
Section 15(3) of the same Act.
That
you Air Chief Marshal Alex S. Badeh (whilst being the chief of air
staff, Nigerian air force) and Iyalikan Nigeria Limited between January
and December 2013, in Abuja, within the jurisdiction of this honourable
court, did use an aggregate sum of N878,362,732.94 (eight hundred and
seventy-eight million, three hundred and sixty-two thousand, seven
hundred and thirty-two naira, ninety-four kobo), removed from the
accounts of the Nigerian air force and paid into the account of
Rytebuilders Technologies Limited with Zenith Bank Plc for the
construction of a shopping mall, situate at Plot 1386 Oda Crescent,
Cadastral Zone A07, Wuse II, Abuja, for yourselves, when you reasonably
ought to have known that the said funds formed part of the proceeds of
unlawful activity (to wit: criminal breach of trust and corruption) of
Air Chief Marshal Alex S Badeh and you thereby committed an offence
contrary to section 15(2)(d)of the Money Laundering (Prohibition) Act,
2011 (as amended) and punishable under Section 15(3) of the same Act”.
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