Metro
How police pension director embezzled N24bn, acquired 22 houses
An FCT High Court was Wednesday told how a former Director of Police Pension, Esai Dangabar, moved N24 billion into different bank accounts.
This was disclosed by an Economic and Financial Crimes Commission, EFCC, witness, Mr. Mustapha Gadanya, while giving evidence in court in the trial of Dangabar.
Dangabar is standing trial alongside Atiku Kigo, Ahmed Wada, Veronica Onyegbula, Sani Zira, Uzoma Attang and Christian Madubuke, for complicity in the over N24 billion fraud in the police pension office.
The witness also informed the court that 22properties, namely 16 duplexes and six flats belonging to Dangabar in Wuye District and Efab in Abuja have been temporarily forfeited to the federal government.
Gadanya, who was led in evidence by the EFCC counsel, Mr. Rotimi Jacobs, SAN, said bank analysis showed that Dangarbar fixed some amount in the bank to yield turnover.
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According to the witness, about N320m was deposited in Skye Bank between May 2008 and July 2009 for his companies, Marine Logistics and leisure Integrated Ltd, adding that the turnover which accrued to him amounted to N249.8m and N241m, respectively.
Gadanya also told the court that the Manager of Skye Bank, Jabi branch, helped Dangabar to launder about N840 million between February 2009 and June 2010, that he was also the Managing Director and the sole signatory to the account of Damule Nigeria Limited, the company where his son was listed as director.
The case was adjourn till Thursday {Today} for continuation of trial by Justice Husseni Baba-Yusuf.
By Timothy Enietan-Matthews….
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