Thursday, June 26, 2025
  • About
  • Advertise
  • Careers
  • Contact
Newsroom Nigeria
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life
No Result
View All Result
Newsroom Nigeria
Home Crime Watch

Alleged 3.1bn Fraud: How I delivered $15.8m Cash to Suswan in his Residence – Witness

Suswan, alongside his then Commissioner of Finance, Omodachi Okolobia are facing 11-count amended charges of money laundering to the tune of N3.1 billion, being part of the proceeds from the sales of the state government’s shares held on its behalf by the Benue Investment and Property Company Limited, sold through  Elixir Securities Limited and Elixir Investment Partners Limited.

Newsroom Nigeria by Newsroom Nigeria
September 28, 2024
in Crime Watch
Reading Time: 3 mins read
0
SHARES
Share on FacebookShare on Twitter

Abubakar Umar, the Sixth Prosecution Witness,PW6, in the trial of former governor of Benue State, Gabriel Suswam  has narrated before the Federal High Court, Maitama, Abuja and presided over by Justice Peter Lifu how in 2014, he converted the sum of N3.1 billion, wired to him by Suswam as governor and delivered its equivalent of $15.8m in cash to him at his Maitama, Abuja residence.

Suswan, alongside his then Commissioner of Finance, Omodachi Okolobia are facing 11-count amended charges of money laundering to the tune of N3.1 billion, being part of the proceeds from the sales of the state government’s shares held on its behalf by the Benue Investment and Property Company Limited, sold through  Elixir Securities Limited and Elixir Investment Partners Limited.

Related posts

Korean Intelligence Service commends NDLEA on Arrest of Wanted Drug Baron, seeks Suspect’s Extradition

April 16, 2025

EFCC Arrests 37 Suspected Internet Fraudsters in Ilori

March 27, 2025

During the court’s proceedings, the witness, a bureau de change operator and CEO of Fanffash Resources, who has been testifying on the matter since 2018, first, before Justice A.R Mohammed and later Justice Okon Abang, disclosed that the total sum of N3.1 billion was transferred to him by Suswam, through a proxy in tranches with the first tranche of N413 million hitting his account on August 8, 2014 and the remaining, coming in subsequently to sum up to N3.1billion.

Umar, while being led in evidence by prosecution counsel, Rotimi Jacobs, SAN, affirmed that the proxy who did the naira transfers to him was a woman. According to the witness, he had to change a total sum of N3.1billion to dollars, which he said amounted to $15.8 million at the rate of N197 to a dollar and delivered it to Suswam in his Maitama, Abuja residence.

“One day in 2014, when I was in the office, the former governor of Benue State asked me to meet him in his house in Maitama, Abuja. I went and met him in the house together with one fair woman. He asked me to give the woman my account number. I gave the woman my Zenith Bank account number. The woman said she’ll send money into that account.

“On the 8th of August 2014, N413 million was transferred to my account. Based on this,  I called the former governor and he told me to change the money to dollars and I asked him to give me time to do that. Three days after I bought the dollar equivalent, I called the former governor and informed him that the money was ready. He now asked me to take the money to his house in Maitama, near Jumat Mosque. I now told him that he should inform the security at the gate that I was coming, if not they’ll not allow me access into the gate. I took a cab to the house, and after I arrived at the house, I knocked at the gate and they opened. I told them my name. They opened the first and second gates and I sat in the waiting room where he came and met me. I now brought out the money which we both confirmed to be the equivalent of the  N413 million. The exchange rate then was N197”, he said

Testifying further, he said, “On the 12th of September 2014, N637 million was transferred to my account.  After N637million was transferred to my account, after like 40 minutes N363 million was also transferred into my account. On 13th October 2014, N630, 008,50, (Six Hundred and Thirty Million, Eight Thousand and Fifty Naira) was also transferred to my account. On 17th October 2014 1,0068,000 (One Billion, Sixty-eight Million) was transferred to my account. It is the woman that was directed by the former governor to do the transfers. The total money transferred to my account was N3 billion”.

The witness who stated that he was neither arrested by the EFCC for giving any testimony in favor of the defendant, nor  threatened by the Commission to give evidence against the defendant, further disclosed that he did not have receipts for the transactions, so also no record book for them, stating that he buys dollars from his fellow retailers and only records based on discretion.

Justice Lifu adjourned the matter till October 4,2024, for continuation of trial.

ShareTweetSendShareShare
Previous Post

TINUBU APPOINTS THE GOVERNING BOARD OF THE NORTH WEST DEVELOPMENT COMMISSION

Next Post

VIEWPOINT: A SOLDIER OF DEMOCRACY

Related Posts

Crime Watch

Korean Intelligence Service commends NDLEA on Arrest of Wanted Drug Baron, seeks Suspect’s Extradition

April 16, 2025
Crime Watch

EFCC Arrests 37 Suspected Internet Fraudsters in Ilori

March 27, 2025
Crime Watch

Alleged Money Laundering : EFCC Arraigns Suspect Arrested With $578,000 

March 26, 2025
Crime Watch

NDLEA Intercepts 72 Parcels of Heroin in Chocolate Wraps at  Airport, Recovers Tramadol Pills Concealed in Gas Cylinder

March 23, 2025
Crime Watch

NDLEA Arrests Fleeing Auto Spare Parts Dealer over 77.50kg Cocaine, Recovers Large Consignments of Opioids, Others in Raids

March 9, 2025
Crime Watch

NDLEA Busts Trans-border Drug Cartel, Arrests Four, Recovers Multi-million-naira Opioids from Bus Bumper

February 16, 2025
Next Post

VIEWPOINT: A SOLDIER OF DEMOCRACY

RECOMMENDED NEWS

SANWO-OLU SYMPATHISES WITH NEW DAWN PUBLISHER, OLATUNDE ABATAN, OVER WIFE’S DEATH

4 months ago

BOY WHO SUPPOSED TO COLLECT N5 MILLION DAILY FROM GHOST DIES AFTER RITUAL BATH

3 years ago

FASORANTI VS ADEBANJO: TINUBU’S VICTORY SPLITS AFENIFERE

2 years ago

Viewpoint: NOW THAT THE YORUBA ARE INTO KIDNAPPING 

1 year ago

FOLLOW US

POPULAR NEWS

  • TAU Students Win Big   at National Innovation Challenge

    TAU Students Win Big   at National Innovation Challenge

    0 shares
    Share 0 Tweet 0
  • Troops Foil Deadly Terrorist Attack In Niger State, Lose 17 Soldiers

    0 shares
    Share 0 Tweet 0
  • ADEBAYO HELD ALOFT THE BANNER OF THE UPN, LED BY OBAFEMI AWOLOWO, TINUBU PENS TRIBUTE TO A TRUE STATESMAN

    0 shares
    Share 0 Tweet 0
  • TINUBU SIGNS  FOUR TAX BILLS INTO LAW TO TRANSFORM FISCAL, REVENUE FRAMEWORK

    0 shares
    Share 0 Tweet 0
  • INEC Receives Applications To Register Obidients People’s Party (OPP), 109 Other Political Parties Registration

    0 shares
    Share 0 Tweet 0
Newsroom Nigeria

This independent, liberal online news platform aims to inform citizens about important issues. NEWSROOM NIGERIA covers political, business, economic, national, and international news. They are committed to journalism ethics and hold the government accountable.

  • About
  • Advertise
  • Careers
  • Contact

© 2025 Newsroom Nigeria - Designed by Semasir Connect.

No Result
View All Result
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life

© 2025 Newsroom Nigeria - Designed by Semasir Connect.