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Sunday , January 22 2017
Home / Metro News / EFCC Arraigns Badeh Today, Accuses Him Of Diverting N1.1billion Nigerian Air Force Fund

EFCC Arraigns Badeh Today, Accuses Him Of Diverting N1.1billion Nigerian Air Force Fund

badeh

The EFCC will today arraign former Chief of Defence Staff, Alex Badeh, before an Abuja High Court on a 10-count charge ranging from misappropriation of N1.1bn meant for the Nigeria Airforce.
According to The Nation, among the allegations leveled against Badeh include alleged spending of NAF funds to build a shopping mall worth N878,362,732.94; another N650 million for the purchase of a commercial plot of land and $2 million on a duplex in Abuja.
He is also accused of lavishing N240 million on another semi-detached duplex; buying a duplex for about N260 million for his son, Alex Badeh Jr. and spending N90 million to furnish the duplex. He was flown from Lagos to Abuja yesterday at about 7pm amid tight security.
Parts of the 10-count charge against him include:
  • “That you Air Chief Marshal Alex S. Badeh (whilst being the Chief of Air Staff, Nigerian Air Force) and Iyalikam Nigeria Limited between January and December 2013 in Abuja within the jurisdiction of this honourable court did use dollar equivalent of the sum of N1.1 billion removed from the accounts of the Nigerian Air Force to purchase for yourselves a mansion situate at No. 6 Ogun River Street, Off Danube Street, Maitama, Abuja, thereby committed an offence contrary to section 15(2)(d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under section 15(3) of the same Act.
  • “That you Air Chief Marshal Alex S. Badeh (whilst being the Chief of Air Staff, Nigerian Air Force) and Iyalikam Nigeria Limited between January and December 2013 in Abuja within the jurisdiction of this honourable court, did use dollar equivalent of the sum of N650,000,000 removed from the accounts of the Nigerian Air Force to purchase for yourselves a commercial plot of land situate at Plot 1386, Oda Crescent Cadastral Zone A07, Wuse II, Abuja.
  • “That you Air Chief Marshal Alex S. Badeh (whilst being the Chief of Air Staff, Nigerian Air Force) and Iyalikam Nigeria Limited between January and December 2013 in Abuja within the jurisdiction of this honourable court, did use an aggregate sum of N878,362,732.94 removed from the accounts of the Nigerian Air Force and paid into the account of Rytebuilders Technologies Limited with Zenith Bank Plc for the construction of a shopping mall situate at Plot 1386, Oda Crescent Cadastral Zone A07, Wuse II, Abuja for yourself.
  • “That you Air Chief Marshal Alex S. Badeh (whilst being the Chief of Air Staff, Nigerian Air Force) and Iyalikam Nigeria Limited between January and December 2013 in Abuja within the jurisdiction of this honourable court, did use dollar equivalent of the sum of N304 million removed from the accounts of the Nigerian Air Force and paid into the account of Rytebuilders Technologies Limited to complete the construction for yourselves a shopping mall situate at Plot 1386, Oda Crescent Cadastral Zone A07, Wuse II, Abuja for yourself.”

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