ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Tuesday, August 18, 2026
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
Home Crime Watch

How Ex-HoS, Oyo-Ita, Others Diverted ₦3 Billion To Private Companies

Bello detailed how Oyo-Ita and her subordinates allegedly diverted public funds into private companies.

by NewsOnline Nigeria
April 26, 2024
in Crime Watch, Headline
0
Oyo-Ita

Witness has exposed how Ex-HoS, Oyo-Ita, and others diverted ₦3 billion to private companies.

 

NewsOnline Nigeria reports that in the ongoing corruption trial of former Head of Service of the Federation, Winifred Oyo-Ita, Hamma Bello, the eighth prosecution witness, provided crucial testimony on Thursday at the Federal High Court in Maitama, Abuja.

 

Bello detailed how Oyo-Ita and her subordinates allegedly diverted public funds into private companies.

 

NewsOnline Nigeria reports that the Economic and Financial Crimes Commission (EFCC) has charged Oyo-Ita, the first defendant, along with her special assistants, Ugbong Effiok, the seventh defendant, and Garba Umar, the fourth defendant, with multiple counts of fraud and misappropriation of public funds.

 

ALSO: FG Approves Abuja-London Route For Air Peace

 

Others are six companies: Frontline Ace Global Services Limited, Asanaya Projects Limited, Slopes International Limited, U and U Global Services Ltd, Prince Mega Logistics Ltd, and Good Deal Investments, on 18 counts bordering on misappropriation, official corruption, money laundering, and criminal diversion of funds to the tune of over ₦3 Billion.

 

The witness, while being led in evidence by prosecution counsel, Faruk Abdullahi, and H.M. Mohammed, told the court that Oyo-Ita used Slopes International Limited and Good Deal Investments Limited-fifth and sixth defendants respectively, to fraudulently award government contracts to herself through the fourth defendant, Umar.

 

The first entry transaction of Good Deal Investment Limited. in February 2019 showed that ₦42,748, 201.47 was paid into its Zenith Bank account.

 

Umar, the witness said, incorporated the company with Oyo-Ita’s full knowledge.

 

The witness said, “We called for the account statements of these two companies, and upon analysing them, we realised he (Umar) was paid several sums of money from the Ministry of Power, Works and Housing, where he is an employee.

 

“And upon interviewing the fourth defendant, he admitted that he was also a contractor. He also admitted to have paid the first defendant on several occasions from the proceeds of the transaction.”

 

On April 27, 2019, the witness disclosed that a transfer of ₦20, 2027, 142 was made in the name of Ibrahim Madu to the Zenith Bank account of Asanaya Projects Limited.

 

The mandate card of the account bears the signature and photo of the seventh defendant, Effiok.

 

The investigation, according to the witness, also revealed that the seventh defendant incorporated Asanaya Projects Limited in his name with the knowledge of the first defendant and that approvals were granted and payments made to the seventh defendant either through his personal account or to the account of the company.

 

The witness said, “The seventh defendant, upon interview, confirmed he had never travelled for most of the funds he received and that the first defendant was aware of and benefitted on several occasions from the funds. The account of U and U Global Services Limited was also opened by the seventh defendant.

 

“In summary, from 2015 to 2018, U and U Global Limited received several payments in the form of Duty Tour Allowances and estacodes. Sometimes, payments from the federal government were made directly to the account, for instance, on March 24, 2016, he received ₦40, 313, 453. 58. This particular payment was from the federal government.”

 

Further in his testimony, the witness stated that, “Exhibit O is the Fidelity Bank account of Prince Mega Logistics Ltd. On March 27, 2018, and April 6, 2018, there were four entries, ₦4, 950 000; ₦3,946,000, ₦4,676,000 and ₦1,478,000, from Thomson Titus Okure, who used to be a colleague of the seventh defendant in the Account Department.

 

“There were also outward payments to Ignom, Minaro Blessing, Winifred Oyo-Ita, Olarenwaju Godman Olushola and the seventh defendant is the sole signatory of this account.”

 

Speaking further, he said, “I also want to add that we invited the first, second and seventh defendants at different times to our office and interviewed them. In the case of the first defendant, we printed chats from her phone and saw conversations she had with contractors, subordinates, and permanent secretaries. She also voluntarily made a statement to the EFCC.”

 

The matter was adjourned till April 30, 2024.

Previous Post

Black Market Dollar To Naira Exchange Rate Friday, 26th April 2024

Next Post

CBN Licensed Loan App Companies In Nigeria (FULL LIST)

Next Post
CBN Licensed Loan App Companies In Nigeria

CBN Licensed Loan App Companies In Nigeria (FULL LIST)

Trending Stories

Oyo-Ita

How Ex-HoS, Oyo-Ita, Others Diverted ₦3 Billion To Private Companies

FG ₦50m Loan to Build

How To Apply For FG ₦50m Loan to Build, Buy House at 6% Interest

2026 Osun Governorship Election

BREAKING: INEC Declares Adeleke Winner Of Osun Governorship Election

Osun Governorship Election Results

Osun Governorship Election 2026 Live Updates, Polling Unit Results and Latest News

JAMB E-Facility Login Details

JAMB Results Checker 2023 Portal Now Active Check 2023 JAMB Results Now

2026 Osun Governorship Election

How Adeleke Defeated APC Federal Might to Win 2026 Osun Governorship Election

Balthazar Video Telegram

Direct Link To Watch All Baltasar Engonga 400 Videos With Government Officials Wives

Ademola Adeleke Biography

Ademola Adeleke Biography, Age, Wife, Children, Net Worth, Controversy

JAMB Past Questions

Download JAMB Past Questions & Answers PDF From 1983 Till Date [All Subjects]

OMO Market

CBN Reopens OMO Market to Nigerians: Will 20% Yields Draw Investors Away From NGX?

Latest Stories

Zoho Executive

Zoho Executive Identifies Five Structural Shifts Nigerian Businesses Need to Scale

OMO Market

CBN Reopens OMO Market to Nigerians: Will 20% Yields Draw Investors Away From NGX?

FG ₦50m Loan to Build

How To Apply For FG ₦50m Loan to Build, Buy House at 6% Interest

2026 Osun Governorship Election

How Adeleke Defeated APC Federal Might to Win 2026 Osun Governorship Election

2026 Osun Governorship Election

BREAKING: INEC Declares Adeleke Winner Of Osun Governorship Election

Adeleke

BREAKING: Adeleke Coasts To Victory In Osun Governorship Election (Live Results)

Osun Election Results

Osun Election Results 2026: Live Updates From 30 Local Government Areas

Osun Governorship Election Results

BREAKING: INEC Uploads 37% of Osun Governorship Election Results to IReV

Adeleke

Adeleke Demands Release of Osun PDP Chairman Sunday Bisi

Osun Governorship Election Results

Osun Election Results 2026: Live Polling Unit Updates as Vote Counting Begins

NewsOnline 2026

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: admin@newsonlineng.com

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2026 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria