N1.4 Billion Fraud: Witness Insists Badeh Approved Transactions

Former Chief of Air Staff, Alex Badeh
Former Chief of Air Staff, Alex Badeh

The trial of a former Chief of Defence Staff, Alex Badeh before Justice Okon Abang of the Abuja Federal High Court, continued on Thursday with the eight prosecution witness, Eso Faleke, undergoing cross examination.

Faleke, a staff of Guaranty Trust Bank, was the account officer to Badeh’s company account, Iyalikam Nigeria Limited.

The witness had in her evidence on Wednesday narrated how Badeh became a co-signatory to the company’s account in January 2015 and how he gave instructions to carry out several transactions running into millions of naira.

When Faleke was cross-examined by the defence counsels, Akin Olujimi and Samuel Zibiri, she insisted that all transactions carried out on the company’s Naira and Dollar accounts were done in adherence to instructions from Badeh through telephone and in writing.

She explained that though exhibit E30 carried a lone signature, it contained telephone instructions because the telephone number was on the mandate card of the authorized signatory.

According to her, the mandate card was not for instruction as to how to receive telephone calls.

Faleke insisted that she acted according to the standard procedure of the bank with respect to documentary transaction.




     

     

    Speaking on exhibits E3 to E7 – the statements of account -, Faleke told the court that payments can be made through deposit slip and as such, the payments therein were made in cash via deposit slip.

    She however said she did not come to court with the deposit slip since she was not requested to do so.

    Justice Okon Abang, thereafter, adjourned to November 14, 2016 for continuation of trial.

    Badeh is being prosecuted by the EFCC alongside his company, Iyalikam Nigeria Limited, for allegedly abusing his office by using the dollar equivalent of the sum of N1.4 billion removed from the accounts of the Nigerian Air Force, NAF, to purchase properties in choice areas of Abuja between January and December, 2013.

    Join the ICIR WhatsApp channel for in-depth reports on the economy, politics and governance, and investigative reports.

    Support the ICIR

    We invite you to support us to continue the work we do.

    Your support will strengthen journalism in Nigeria and help sustain our democracy.

    If you or someone you know has a lead, tip or personal experience about this report, our WhatsApp line is open and confidential for a conversation

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here


    Support the ICIR

    We need your support to produce excellent journalism at all times.

    - Advertisement

    Recent

    - Advertisement