Thursday, 3 March 2016

‘We Paid Benue’s Share Proceeds To Bureau De Change’

Federal High Court in Abuja heard yesterday how ex-Benue State Governor Gabriel Suswam and former Finance Commissioner Omadachi Oklobia made a stock broking firm to divert over N3 billion from the over N9 billion.

The amount was realised from the sale of the state’s shares into a private account owned by a bureau de change, Famfash Resources.

Suswam and Oklobia are being tried for allegedly diverting over N3 billion realised from the sale of the state’s shares while they were in office.

Yesterday, a portfolio manager with a stock broking firm, Aluyi Victor, told the court that Suswam and Oklobia authorised his firm to transfer N3,111,008,18.51k of the share proceeds into the Bank account of Famfash Resources.

Victor, the third prosecution witness, said his company was told that the account was a project account of the Ministry of Finance.

The court was forced to suspend proceedings when the air-conditioning system in the court room stopped functioning and the environment became uncomfortable.

Parties later agreed to return on March 22.


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