N11bn Scam: How Ex-Gov Audu Looted Treasury

N11bn Scam: How Ex-Gov Audu Looted Treasury

A witness in the ongoing trial of former governor of Kogi state, Prince Abubakar Audu, Uchenna Agagara on Friday, March 6, 2015 told Justice Adegbola O. Adeniyi of the Federal Capital Territory High Court sitting in Abuja, that several millions of naira totalling about  N926m were lodged into Diamond bank account of Bulkom Nigeria Ltd, between May 29, 2001 and July 23, 2003 when Audu held sway as the governor of the State.

The prosecuting counsel tendered a statement of account from Diamond Bank showing the transactions of the lodgements  which was admitted in evidence by the court and marked exhibit P1 54a-b.

Agagara, a relationship officer with Diamond Bank Plc, who is also the account officer of Bulkom Nig Ltd identified the exhibit and further told the court that he printed the said statement from the banks’ system when he was invited by the EFCC.

It is alleged that the ex-Kogi state governor was stealing money from the First bank account of Directorate of Rural Development of Kogi State and was lodging it into the Diamond bank Plc account of Bulkom Nigeria Ltd, a company that handled most of his building projects during his tenure.

The case has been adjourned to March 31 and April 1 & 2, 2015 for continuation of hearing.

Prince Audu is being prosecuted alongside a former Director General of the Directorate of Rural Development in his administration, Alfa Ibn Mustapha, for offences bordering on criminal breach of trust and misappropriation of public funds to the tune of N10,965,837,040 (ten billion, nine hundred and sixty five million, eight hundred and thirty seven thousand and Forty Naira).