How air commodore used emergency funds for personal use


The Economic and Financial Crimes Commission (EFCC) has narrated how an air commodore diverted funds meant for emergency purpose.

An official of the EFCC, Tosin Owobo, who testified in court on Thursday, January 26, said Gbadebo Olugbenga – a former director of finance and budget of the Nigerian air force converted emergency funds for his personal use.

Owobo who was led in evidence by EFCC’s counsel Rotimi Jacobs said during interrogation, it was gathered that N3 billion released by Nigerian Maritime Administration and Safety Agency (NIMASA) was transferred from air force account to various companies.

He said the funds were transferred by Olugbenga to 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.

He also said that the money were earlier sent to air force as emergency funds for securing Nigeria’s Maritime on Emergency Security Operation account

He said his team 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 the air commodore.

The witness told 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.