Court Remands Badeh in Prison

Mon, Mar 7, 2016
By publisher
2 MIN READ

BREAKING NEWS, Politics

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A FEDERAL high court sitting in Abuja has remanded Alex Badeh, a retired chief marshal and former chief of Defence Staff, in Kuje Prison.

Badeh was arraigned before the court today, Monday, March 7, on 10 counts of money laundering. The arraignment was initially billed for Thursday, March 3, but was shifted because of the absence of Justice Okon Abang, who was reportedly out the city on official assignment.

The Economic and Financial Crimes Commission, EFCC, had on last week Monday, February 29, filed 10 counts of money laundering against Badeh and Iyalikam Nigeria Limited, his alleged firm, accusing them of fraudulently removing N3.97bn from the account of the Nigerian Air Force in 2013.

Badeh was alleged to have committed the offence with Iyalikam Nigeria Limited while he was the chief of Air Staff.

The relationship between Badeh and the company was not disclosed in the charges.

The accused allegedly bought landed assets in many choice areas of Abuja with the money.

The assets allegedly include a mansion at No. 6, Ogun River Street, off Danube Street, Maitama, Abuja, which the defendants were said to have purchased with N1.1bn.

The accused also allegedly bought a commercial plot of land at Plot 1386, Oda Crescent Cadastral Zone A07, Wuse II, Abuja, for N650m.

They were said to have paid N878m for the construction of a shopping mall at Plot 1386, Oda Crescent Cadastral Zone A07, Wuse II, Abuja, and another sum of N304m to complete the construction.

— Mar 7, 2016 @ 14:55 GMT

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