An Economic and Financial Crimes Commission witness, Mr. Mustapha Gadanya, has told an FCT High Court how the then Director of Police Pensions moved N24bn into different accounts.
Gadanya was among the team that investigated the matter, and Esai Dangabar is the former Director Police Pension Fund.
Gadanya disclosed that about N320m was deposited in Skye Bank between May 2008 and July 2009 for his companies, Marine Logistics and leisure Integrated Ltd.
He told the court that the turnover which accrued to him amounted to N249.8m and N241m, respectively which was later sent to the Federal Government after it was discovered.
He informed the court that between February 2009 and June 2010, the manager of Syke Bank, Jabi branch, helped the first defendant to launder about N840m.
Seven persons standing trial
Dangabar, Atiku Kigo, Ahmed Wada, Veronica Onyegbula, Sani Zira, Uzoma Attang, and Christian Madubuke, are standing trial for complicity in the over N24bn scam in the police pension office.
Gadanya said the first defendant was also discovered to be the Managing Director and the sole signatory to the account of Damule Nigeria Limited, the company where his son was listed as director.
The witness told the court that Dangarbar’s 16 duplexes at Wuyi District and six flats at Efab, in Abuja, had been forfeited temporarily to the Federal Government.
Justice Husseni Baba-Yusuf has adjourned the trial till Thursday (today) for continuation.