EFCC: Diezani list Oyedepo, Shagaya as beneficiary of N450m looting fund

The Economic and Financial Crimes Commission (EFCC) on Wednesday told Justice Rilwan Aikwa of the Federal High Court sitting in Ikoyi, Lagos, how a 2011 Kwara governorship candidate of the Peoples Democratic Party (PDP), Muhammed Belgore, spent N126,500,000.

The EFCC noted that the money was part of the alleged N450,000,000 paid by a former Minister of Petroleum Resources Diezani Allison-Madueke.

It was gathered that the prosecution counsel, Rotimi Oyedepo, asked Belgore, under cross-examination, if he gave any written instructions to disburse the money the bank was keeping on his behalf to which he replied: “It is true I did not have any written instructions for the disbursements.”

Consequently, Oyedepo put it to Belgore that he disbursed over N126,500,000 to many persons.

According to him, “Mr. Zikrullah Balogun, your Personal Assistant, made several disbursements on your instructions and received in cash N80,000,000; Mr. Sheriff Shagaya received N50,000,000; Mr. Isa Beau received in cash N61,656,000.

“Mrs. Shola Adeoti received in cash N102,298,000; Mr Iyola Oyedepo received in cash N9,574, 000 and Senator Sulaiman Ajadi received in cash the sum of N19,689,000.”

Justice Aikawa adjourned the case to June 17, 2019, for a continuation of cross-examination.(Concise News)