Alleged N21bn Fraud: Witness reveals how Ex-Air Chief, Amosu laundered N12bn NAF funds - Vanguard News Nigeria

Amosu is standing trial alongside Air Vice Marshall Jacobs Adigun, a former Chief of Accounts and Budgeting and Air Commodore Gbadebo Owodunni, a former Director of Finance and Budget, on an amended 13-count charge bordering on conspiracy and conversion to personal use of the sum of N21bn belonging to the Nigeria Air Force, NAF.

Testifying as the first prosecution witness, PW1, Owobo, said: “The Nigerian Maritime Administration and Safety Agency, NIMASA, paid funds into the Nigerian Air Force special emergency operations accounts, which the defendants are signatories to.“The statement of account showed that the money was transferred to five different companies, namely: Rites Option Oil and Gas, Juda Oil and Gas, Delfina Oil and Gas, Mcallam Oil and Gas, Trapezites Bureau De Change Limited and Lebol Oil and Gas.

“He also said that it was opened as an oil and gas company, so as to get reduced charges on cost of transactions.”

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