Police pension boss embezzled N24bn, owns 22 houses –Witness

Police pension boss embezzled N24bn, owns 22 houses –Witness

An Economic and Financial Crimes Commission witness, Mr.
Mustapha Gadanya, on Wednesday told an FCT High Court how
the then Director of Police Pensions moved N24bn into different
accounts.
The News Agency of Nigeria reported that Gadanya was among
the team that investigated the matter and Esai Dangabar was the
former Director Police Pension Fund.
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, in his testimony, told the court how Dangabar deposited
some money in accounts in different banks.
Led in evidence by the EFCC counsel, Mr. Rotimi Jacobs (SAN),
the witness said that the bank analysis revealed that Dangarbar
fixed some amount in the bank to yield turnover.
He said that about N320m was deposited in Skye Bank between
May 2008 and July 2009 for his companies, Marine Logistics and
leisure Integrated Ltd.
Gadanya 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.
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.
The judge, Justice Husseni Baba-Yusuf, adjourned the trial till
Thursday (today) for continuation of hearing.

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