The Economic and Financial Crimes Commission (EFCC) has presented additional evidence in the trial of former National Security Adviser, Sambo Dasuki, and three others accused of misappropriating N33.2 billion in arms procurement funds.
The EFCC alleged that Dasuki and his co-defendants diverted funds meant for security purposes, using them for personal gain and to fund political campaigns.
During the trial, a detective with the EFCC, Adariku Michael, testified that the commission received an intelligence report on September 21, 2015, regarding abuse of office and money laundering in the Office of the National Security Adviser (ONSA).
Michael explained that the investigation uncovered large sums of money transferred from ONSA’s account to various companies between October 2014 and April 2015.
The EFCC claims that Dasuki misappropriated N10 billion from the ONSA account with the Central Bank of Nigeria (CBN) and converted it into $47 million and 5.6 million euros, allegedly used for the People’s Democratic Party (PDP) presidential primary election.
Other allegations include transferring N1.45 billion to Acacia Holdings Limited and N4.68 billion to Sylvan McNamara Limited for purported security infrastructure, but the funds were allegedly diverted for PDP governorship election campaigns.
The trial has been adjourned until November 11 for continuation of hearing.
