N2.8bn fraud: NAMA’s MD gets N20m bail

A Federal High Court in Lagos on
Tuesday granted a N20m bail to the
Managing Director of the Nigerian
Airspace Management Agency, Ibrahim
Abdulsalam, who was charged with
N2.8bn fraud.

Abdulsalam was first arraigned by the
Economic and Financial Crimes
Commission on April 7 on 21 counts
alongside six others.
The accused were, however, re-
arraigned on Tuesday by the EFCC,
following an amendment to the charge
sheet, with two other accused persons –
Bola Akinribido and Sesebor Abiodun –
Those initially charged along with
Abdulsalam are Adegorite Olumuyiwa,
Agbolade Segun, Clara Aliche and Joy
Adegorite and one Nnamdi Udoh, said to
still be at large.
Among the accused persons were also
two companies – Randville Investment
Limited and Multeng Travels and Tours
Upon their fresh arraignment on
Tuesday, all the defendants pleaded not
guilty following which the defence
counsel, Mr. O. Akoni (SAN), urged the
court to admit them to bail in liberal
Justice Babs kwuemi admitted each of
the accused persons to a N20m bail with
one surety in like sum.
In the charge presented before the court
by its prosecutor, Rotimi Oyedepo, the
EFCC accused Abdulsam and his alleged
accomplices of fraudulently diverting
various sums running into N2.8bn
belonging to NAMA to their private use.
They were accused of inducing NAMA to
deliver part of the money in several
tranches to three companies – Delosa
Ltd, Air Sea Delivery Ltd and Sea
Schedules Systems Ltd – under the
pretense that the money was the cost of
clearing some consignments belonging
to NAMA.
They were also accused of fraudulently
converting part of the money, which the
EFCC said was proceeds of theft from
NAMA, to their private own.
The alleged fraud was said to have been
perpetrated in Lagos between August
2013 and January 2016.
Oyedepo said the accused acted contrary
to Section 8 (a) of the Advance Fee
Fraud and other Fraud Related Offences
Act, 2006 and were liable to punishment
under Section 1 (3) of the same Act.
He said the accused also violated Section
18(a) of the Money Laundering
(Prohibition) (Amendment) Act, 2012
and were also liable to being punished
under Section 15(3) of the same Act.

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