Friday, 15 July 2011

N1.3bn fraud: How N450m was paid for a N16m contract

A PermanentSecretary in the Taraba State Ministryof Finance, Asabe Maiangwa has told a High Court at the Federal Capital Territory sitting in Abuja how N450 million was paid out by the state government to several persons.
Out of which only N16 million was used for thesupply of stationeries and office equipment atthe instance of the thenCommissioner of Finance, Alhaji AbubakarUmar Tutari.
Maiangwa is the 7th prosecution witness in the prosecution of the former governor of Taraba state, Rev Jolly Nyame.
Rev Jolly Nyame is standing trial over a 41 count charge bordering on money laundering, criminal breach of trust and gratification to the tune of N1.3billion while he held sway as governor of Taraba State.
At the resumed hearing of the case, the witness who was beingled in cross examination by prosecution counsel, Rotimi Jacobs, recounted how a whooping sum of N450 million was paid out from the state treasuryfor a phony contract.
Maiangwa who corroborated the previous testimony of the Accountant in the ministry, Alhaji Naigari Umar, said she was in Kaduna for a seminar in 2005 when her Secretary called her on phone to inform her that a cheque for the sum of N250 million wasreleased from the officeof the Accountant General to be paid through her ministry to Salman Global Ventures Ltd. For the rest of the story, click http://ascology.com/news/mobile/local-news/17113-N13bn-fraud-How-N450m-was-paid-for-N16m-contract.html

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