Stella Dimoko Korkus.com: Metuh's Firm Gave N500m To Buy Property On Banana Island

Wednesday, 10 February 2016

Metuh's Firm Gave N500m To Buy Property On Banana Island

A detective with the Economic and Financial Crimes Commission (EFCC), Junaid Sai’d, yesterday told a Federal High Court in Abuja that the embattled Peoples Democratic Party (PDP) spokesman, Olisa Metuh, allegedly transferred N500 million to Daniel Paul International Ltd.




Sai’d said the money was transferred in two branches of N200 million and N300 million to purchase a landed property for the defendant on Banana Island in Lagos.
The detective also claimed the PDP spokesman allegedly gave  $2 million cash to a woman in his home to invest.


Sai’d told the court that the $2 million was Metuh’s share of the N10 billion allegedly withdrawn by ex-National Security Adviser (NSA), Mohammed Sambo Dasuki, from the Central Bank of Nigeria (CBN) for distribution to party members at the last PDP presidential convention where Goodluck Jonathan was picked as a sole candidate.


The witness said there was evidence that Metuh’s company, Destra Investment Limited, got N400 million from the ex-NSA for security services.
But he claimed there were no records of contractual agreement or any project executed.

He said investigation showed that the fund was deployed in PDP campaign.
Yesterday, Sai’d, under cross-examination by lead defence lawyer, Onyechi Ikpeazu (SAN), said: “In the course of investigation, it was shown that the former NSA withdrew about N10 billion from the CBN and converted same into dollars, which amounted to around $47 million.”


“The $2 million given by the 1st defendant to Nneka Ararume (prosecution witness 1) was linked to the disbursement of the $47 million, which was converted in November, 2014 and shared to PDP members for its presidential convention.”
The EFCC operative alleged that the  1st defendant gave the money to Nneka Ararume to convert to naira.

“There is no document in respect of this transaction, because the money was shared in cash. The document is part of the charges being prepared against those involved. Investigation showed that Ararume during the course of this transaction, worked with ARM Investment,” Sai’d said.
Earlier, in his testimony-in-chief, the witness explained how Metuh allegedly disbursed the N400 million he received from Dasuki.

He said Metuh gave part of the money to former PDP Board of Trustees Chairman  Tony Anenih and ex-Aviation Minister Kema Chikwe, among others.
“Among the disbursements, N77.1 million was paid to Yomi Badejo Okusanya of CMC Connect for PDP campaign.
“In similar vein, N25 million was paid to Abbah Dabo for campaign.Another N21,776,000  was paid to Chief Anthony Anineh, while N5 million was paid to Chief Chkwe.

“Another N50 million was transferred to the joint account of the 1st defendant and his wife in the name of Olisa and Kanayo Metuh; N500 million was  transferred to Daniel Paul International Ltd in two tranches of N200 million and 300 million to buy a landed property on Banana Island in Lagos by the 1st defendant,” he said.

The witness also gave details of how Metuh allegedly tore part of the statement he made at the EFCC.
“When he concluded writing his statement, which was in four sheets, he handed them over to me. I read it. I also gave it to my other team members to read. After that, I returned it to him for endorsement. He endorsed the first sheet. He also endorsed the second sheet. When he was to endorse the third sheet, in which he stated the money he received…”


But Sai’d was interrupted by Ikpeazu, who objected to that line of his testimony on the grounds that the torn statement was not before the court.
Justice Okon Abang overruled Ikpeazu and directed him to allow “the witness’ statement to flow.”
Following the court’s ruling, Sai’d continued and said Metuh tore part of the statement where the money he received “from the ONSA, was used for PDP campaign and to settle his debts”.


The EFCC agent added: “To the surprise of the team (investigating team), he (Metuh) tore the sheets into pieces.
“The pieces of the torn sheets were recovered from him and registered with the exhibit keeper of the commission. I made entry of the incident into my EFCC pocket notebook.
“I also made the same entry, in the commission’s Incident Duty Record Book.”
Sai’d said: “ Because of what he did, I declined to give him the fourth sheet to endorse because I did not want him to tear it. Much later in the day, he requested to volunteer more statement, I again wrote the cautionary words, I again asked him if he understood it, he said yes and I signed it and he volunteered statement.

“The interview and investigation confirmed that money received by Badejo Okusanya of CMC Connect was used to carry out media campaign for the PDP on the instruction of the 1st defendant.

“In similar vein, the money received by Abbah Dabo was also used for media services for PDP campaign. In the course of investigation, Alhaji Abbah Dabo, having learnt that the money he was paid came from the ONSA, refunded it.
“Investigation showed that N88.5 million was transferred to Tiboro Nig Ltd, to source foreign exchange. It was able to source 66,000 pounds, after which it returned the balance to Destra. The 66,000 pounds was paid into an account outside Nigeria as instructed by the 1st defendant.

“Investigation by the commission with respect to funds paid out by the former NSA has led to two separate pending charges before the FCT High Court,” the witness said.
Copies of the charges and the statement made by Metuh were tendered and admitted in evidence by the court.
On cross examination, the witness said his investigation team did not obtain statements from former President Goodluck Jonathan in the course of investigation.
When Ikpeazu ended his cross-examination, prosecution lawyer Tahir announced the closure of the prosecution’s case.
He objected to Ikpeazu’s request for adjournment to enable his client prepare for his defence.
Justice Abang noted that the defence did not deserve the adjournment because it failed to provide meaningful reasons.
He, however, adjourned to February18 for the defence to open its case.


culled:thenation


Hmmmmmmmmmmmmmmmmmmmmmmm.......!!!!!



43 comments:

em jay said...

Jesu!

amanda favour said...

No strength to read please.

The General's Wife said...

Nah! I wil not shout anymore.
I am stronger than all the thievery that went on in d last dispensation.


But Chai! Chai! Diaris God o!

Miss Ess said...

Interesting..... Metuh well done o

calabar chick said...

Metuh what do you have to say?

FOOTBALLMOLE.COM said...

Stella no be hmmmmmmmmmmmmmmmm o. Make wetin my head dey gist me no turn out to be true. Anyway, one by one, the truth must unveil.

natt nathaniel said...

End time metuh & efcc

The Sexiest Mother Of This Blog said...

Osetigo. Onye akpana nwa agu aka na odu ma odi ndu ma onwuru anwu

Beautiful and GIFTED said...

WHO READ???

I've been reading of how our money was squandered since 1900 and still no change. Till things start happening, I no read again.

NEXT!

Default Smile said...

Let them all go to jail after returning our money so that CBN will stop this stamp duty they are collecting.

266 comment 2016

Blackberry said...

Kai....

IVORY said...

The kind of money flying upandan makes one dizzy.
Let the just be vindicated and the wicked face the law.

Ewydadda said...

After all this embezzlement, still no one will be jailed for it.

Lilian Fc Barcelona said...

It is well.

pax dimond said...

hhhhhmmm, what d fuck.

One trillion said...

End time looter

patt ogar said...

Christ

LaFRESH said...

Our head dey gist us same thing I swear.

Sassy Lady said...

To be continued later. They have just began pointing fingers.

Anonymous said...

Plss pple let dem also check apc govs dat usr dere state moni to bring buhari in..apc is no party of saints..we re fighting corruption not political parties

Loveme Jeje said...

everyone is buying in banana island, please if there is apple island, let me know i need to get one myself.


Metuh may God deliver you from this problem. AMEN

Anonymous said...

Hmnnnn,looks like the EFCC did there home work very well.
I wonder what the defence was doing. Metuh should fire all of them. Busy asking for adjournment.
The way this case is going,,,na jail get am o.
His own is now worse than dasuki,,,noise maker.

Princess Scheherazade said...

I just tire oh.

FOOTBALLMOLE.COM said...

No be small hmmmmmm...

POTABLE viv said...

Hmmmmmmmmm

POTABLE viv said...

Hmmmmmmmmm

Anonymous said...

ON THE SCAM CALLED 2016 BUDGET

Hehehe. There they go again... Looking for scapegoats to hide their incompetence. But why should I be surprised?

When you have an incompetent, irresponsible iddiot for a leader, he will blame everyone and everything for his failures without accepting a shred of responsibility.
Here, their zombies are back with morronic threads, hoping to whitewash their leader's battered image. The soulless shills they are.

Ladies and gentlemen, do you recall the international gaffe committed by this same Buhari on September 2015, when the junketeer and his band of dunces embarked on a SIGHT-SEEING adventure in New York instead of attending the UN conference meeting on Insurgency? When they missed that meeting and the embarrassment went global, do you remember what happened next? They first lied that the meeting was UNOFFICIAL, hence unimportant; but when PremiumTimes exposed them as liars, they began to look for a scapegoat.
"Buhari's Team Accuses Ambassador Joy Ogwu Of Sabotage" was what followed. The illiterates weren't even ashamed of themselves, they went about trying to pin the blame on the poor woman for their hero's EMBARRASSING INCOMPETENCE. Their zombies went wild on Nairaland trying to spin it, while their inbred, slow-witted tribalistic monkeys even accused the woman of having a "BIAFRAN AGENDA" grin
Pray tell, what eventually became of that show? Shey the matter don die silently? Buhari and his team are FULLY aware that the bulk of his supporters are DIMWITS, and all it takes to keep them going is publishing some junk on the page of a newspaper whenever the man's incompetence is laid bare for the whole world to see. He has ABSOLUTELY no respect for them, and frankly, I can't blame him.

Wasn't this the same dunce who delayed appointment of ministers for 6 whole months while choosing to work with only Perm Secs? Didn't his dumb supporters equally try to run with that narrative that "Perm Secs are all we need"? He didn't accuse those Perm Secs of being Jonathan's men oh. Now he's been exposed with his disgusting budget and he's looking for a scapegoat. Tell me, did Perm Secs also draft the State House budget?

Mr. I-Am-Slow-To-Avoid-Mistakes shot himself on the foot and his supporters are aimlessly running around in panic. He has been TOTALLY exposed for the fraud he is. And please tell him to drop his fake "Anti Corruption" act, as we can all see it was nothing but a LIE.

A bad technician will always blame his tools.

Fact

Anonymous said...

ON THE SCAM CALLED 2016 BUDGET

Hehehe. There they go again... Looking for scapegoats to hide their incompetence. But why should I be surprised?

When you have an incompetent, irresponsible iddiot for a leader, he will blame everyone and everything for his failures without accepting a shred of responsibility.
Here, their zombies are back with morronic threads, hoping to whitewash their leader's battered image. The soulless shills they are.

Ladies and gentlemen, do you recall the international gaffe committed by this same Buhari on September 2015, when the junketeer and his band of dunces embarked on a SIGHT-SEEING adventure in New York instead of attending the UN conference meeting on Insurgency? When they missed that meeting and the embarrassment went global, do you remember what happened next? They first lied that the meeting was UNOFFICIAL, hence unimportant; but when PremiumTimes exposed them as liars, they began to look for a scapegoat.
"Buhari's Team Accuses Ambassador Joy Ogwu Of Sabotage" was what followed. The illiterates weren't even ashamed of themselves, they went about trying to pin the blame on the poor woman for their hero's EMBARRASSING INCOMPETENCE. Their zombies went wild on Nairaland trying to spin it, while their inbred, slow-witted tribalistic monkeys even accused the woman of having a "BIAFRAN AGENDA" grin
Pray tell, what eventually became of that show? Shey the matter don die silently? Buhari and his team are FULLY aware that the bulk of his supporters are DIMWITS, and all it takes to keep them going is publishing some junk on the page of a newspaper whenever the man's incompetence is laid bare for the whole world to see. He has ABSOLUTELY no respect for them, and frankly, I can't blame him.

Wasn't this the same dunce who delayed appointment of ministers for 6 whole months while choosing to work with only Perm Secs? Didn't his dumb supporters equally try to run with that narrative that "Perm Secs are all we need"? He didn't accuse those Perm Secs of being Jonathan's men oh. Now he's been exposed with his disgusting budget and he's looking for a scapegoat. Tell me, did Perm Secs also draft the State House budget?

Mr. I-Am-Slow-To-Avoid-Mistakes shot himself on the foot and his supporters are aimlessly running around in panic. He has been TOTALLY exposed for the fraud he is. And please tell him to drop his fake "Anti Corruption" act, as we can all see it was nothing but a LIE.

A bad technician will always blame his tools.


Facts

GERMAN JUICE said...

Na WA oh.

Anonymous said...

lmao! are thinking that the money was used to purchase house for a certain blogger?

Anonymous said...

why on earth wil they use security funds for campaign? or jona will say he is not aware of where all the campaign money is coming frm? so many lives were lost and so many lost their means of survival becos of this boko haram war yet some are using d money to feed their kids fat. God shall reward all of them accordingly
This metuh took shikini part of d money to celebrate his bday with the same IDP and pple were praying for him. God is not a man, surely He will visit all of them
Nigerian leaders don dethrone d devil already

School Life said...

N the probing continues, I way leads to other ways.

I am the queen and the boss of this blog said...

Gbam!!!....

I am the queen and the boss of this blog said...

Thank you!...

Dare said...

You cannot compare d way pdp shared money to any other party....pdp was too much

Anonymous said...

Hmmmmmm!!!! Heads will role by the time EFCC finish this Metuh saga. I hope our house owner aka saint blogger is saved after all.
On the other hand, Buhari is not fighting corruption rather he is witch hunting Oga Jona's loyalists. What happen to Amechi, Tinubu and co that sponsored him with stolen money. Wike is calling Amechi out on how he embezzled Rivers State money but Buhari, DSS and EFCC are deaf to hear or blind to see that.

Anonymous said...

Make una kontinu to dey link nonsense oo, don't go and work to buy your own at agbalumo island. Who God has blessed no man can curse.

Anonymous said...

so now we know how linda ikeji got her house...

ydam said...

Lol

Anonymous said...

Wailing Wailer!

Anonymous said...

Na one-by-one na. Metuh's case is a fall-out of Dasuki's case. So what is the problem?

Anonymous said...

Anon 14.07, ignorance is a problem for u. Ur lengthy write-up is full of misinformation and outright falsehood. If u must criticise, do so with the truth.

Anonymous said...

Hater.