Alleged money laundering: N1.5bn used to fund Jonathan’s campaign: EFCC

Posted by News Express | 5 February 2019 | 720 times

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•EFCC officials

The Economic and Financial Crimes Commission (EFCC), has alleged that a sum of N1.5 billion from the imprest account of the Ministry of External Affairs with the Central Bank of Nigeria (CBN), was used to fund the political campaign of former President Goodluck Jonathan in 2015. 

An investigator with the EFCC, Shuaibu Shehu, told the Federal High Court sitting in Lagos on Monday that two former ministers and some others, had transferred the sum to the former president.

Shehu is the third prosecution witness in the ongoing trial of former Minister of Finance, Mrs Nenadi Usman, former Minister of Aviation, Femi Fani-Kayode, Danjuma Yusuf and a company, Joint Trust Dimensions Nigeria Limited on allegations of  laundering N4.6bn.

He told Justice Rilwan Aikawa that he became familiar with the charge against the defendants in February 2016, when a petition over the alleged fraudulent transfer from the ministry’s account was assigned to his team to investigate.

Mr Shehu said the EFCC’s investigation linked the former minister, Mrs Nenadi Usman and the third defendant Danjuma Yusuf to the account of Joint Trust Dimensions Ltd, where the money was allegedly transferred to.

The witness added that further investigations also revealed that the funds were then moved from the company’s account to fund former President Jonathan’s political campaign in 2015.

He listed beneficiaries of the funds to include Ms Jumoke Akinjide and Achike Udenwa.

The testimony of the witness was, however, cut short, when the defence team raised objections to his narration on details of how the funds in the company’s account were disbursed by the defendants.

The defendants through their lawyers argued that the issue of disbursement of funds was not part of the charge preferred against them and the witness could not give evidence on same.

They, therefore, asked the court to expunge evidence given on the issue.

Thereafter, Justice Aikawa fixed February 20 and 21 to rule on the objection raised by the defence team.

Excerpted from a Channels TV report

 


Source: News Express

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