A detective with the Economic and Financial Crimes Commission, EFCC, Mr. Tosin Owobo, yesterday, narrated how Air Commodore Gbadebo Olugbenga, former Director of Finance and Budget of Nigerian Air Force, NAF, converted Nigeria Maritime Administration and Safety Agency, NIMASA, Emergency Funds to his personal use. Air Commodore Gbadebo was arraigned before Justice Mohammed Idris alongside Air Marshal Adesola Amosu, a former Chief of Air Staff, COAS, Air Vice Marshal Jacob Adigun, a former Chief of Accounts and Budgeting of Nigeria Air Force, NAF, alongside eight limited liability companies. The companies are: Delfina Oil and Gas Ltd, Mcallan Oil And Gas Limited, Hebron Housing and Properties Company Limited, Trapezites BDC, Fonds and Pricey Ltd, Deegee Oil and Gas Limited, Timsegg Investment Limited and Solomon Health Care. At the resumed trial, yesterday, Owobo, informed the court that in the course of investigating and analysing how the N3 billion released by NIMASA to NAF for securing the nation’s Maritime on Emergency Security Operation account, it was discovered that Gbadebo transferred some of the funds to Timsec Investment Limited. Owobo who was led in evidence by EFCC prosecutor, Mr. Rotimi Oyedepo, informed the court that his investigating team also discovered that parts of the NIMASA’s funds were transferred to Hebron Investment Limited and Gbemisola Ventures, the companies that were registered and operated by Air Commodore Gbadebo. He informed the court that these companies accounts domiciled in UBA and FCMB, though, he did not mention the amount transferred from the NAF account to them.
Vanguard