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$40m Fraud: Court Acquits Jonathan’s Cousin

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Justice Nnamdi Dimgba of a Federal High Court in Abuja, has discharged and acquitted the cousin of former President Goodluck Jonathan, Robert Azibaola of alleged complicity in $40million fraud.

In its judgement, the court held that the Economic and Financial Crimes Commission (EFCC) failed to prove that the defendant and his firm, One Plus Holdings Nigeria Limited, were involved in money laundering.

Justice Dimgba also said the prosecution failed to prove essential elements of the two-count charge it preferred against Azibaola and his firm, beyond every reasonable doubt.

He noted that key witnesses, including the former National Security Adviser, NSA, Col. Sambo Dasuki (rtd), who allegedly released the fund to the defendants, was not brought to testify in the matter.

The prosecution had on January 23, 2017, closed its case against the defendants after it produced 10 witnesses that testified before the court.

In the charge marked FHC/ABJ/CR/ 113/2016, EFCC, alleged that Aziboala had while being the Managing Director/Chief Executive Officer (MD/CEO) and a signatory to the Zenith Bank account of One Plus Holdings Nig Ltd, on or about September 8, 2014, took possession and converted the $39, 999, 958 out of the $40million, and transferred same to the domiciliary account of One Plus Holdings Nig Ltd with Zenith Bank Plc Account No. 5070365750.

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