The immediate past Chief of Air Staff, Air Marshal Adesola Amosu (retd.), has returned N2.3bn to the Federal Government,The PUNCH has learnt.

An impeccable source at the Economic and Financial Crimes Commission told our correspondent that Amosu issued two bank drafts to the Federal Government as part of the funds allegedly diverted by his office as Chief of Air Staff.

The source said, “I can confirm to you that Amosu has returned N2.3bn. He raised two bank drafts. One draft was N2bn while the second was N300m.”
The PUNCHhad exclusively reported on February 11 that houses belonging to Amosu worth over N500m had been seized by the EFCC.

In Amosu’s Badagry home, the EFCC had also recovered about $140,000 in cash. The PUNCH had also reported that the anti-graft agency recovered N381m from Amosu’s wife, Omolara. The money was recovered in three tranches of N180m, N101m and N100m.

The detective told our correspondent that the money was traced from the account of the Nigeria Air Force to the bank accounts of a company in which Amosu’s wife is a director.

Calculations by our correspondent on Tuesday showed that so far, the EFCC had recovered at least N4bn from Amosu in cash and assets.
Amosu and over 10 senior officers are being probed by the EFCC as part of the $2.1bn arms scam, especially in relation to the 10 contracts of the NAF, said to be worth $930,500,690.00.

Amosu and his predecessor, Air Chief Marshal Alex Badeh (retd.) were in January arrested for the non-specification of procurement costs, absence of contract agreements, award of contracts beyond authorised thresholds, transfer of public funds for unidentified purposes and general non-adherence to provisions of the Public Procurement Act.
The investigation also centred on the payment of N4,402,687,569.41 for unexecuted contracts; the procurement of two used Mi-24V helicopters instead of the recommended Mi-35M series at $136,944,000.00; four used Alpha-Jets for the NAF at US$7,180,000 funded by ONSA; the cannibalisation of engines from NAF fleet to justify procurement of jets; and the excessive pricing of 36D6 Low Level Air Defence Radar at $33m instead of $6m per one.
Besides, N2.5bn contracts were allegedly awarded to Syrius Technologies ( an Ukrainian company) not registered in Nigeria and seven contracts worth N599,118,000.00 to the Defence Industry Corporation of Nigeria; two were delivered
While Amosu was granted bail, Badeh was charged to court where he is currently facing trial.
A detective at the EFCC said, “Amosu has been cooperating with us and has been returning funds. However, Badeh was very stubborn. Since he refused to return funds, we took him to court.”

The source revealed that the EFCC had traced 17 accounts to Badeh and had frozen all of them.
“Badeh’s case is in court so I cannot talk much about it. However, even after he was charged, we continued to investigate his case. We have frozen all of his accounts including the dollar accounts he opened here in Nigeria.”
A former Director of Finance and Accounts at the NAF, Air Commodore Salisu Yushau (retd.), who is an EFCC witness, had revealed before a Federal High Court sitting in Abuja, that all past air chiefs diverted N558.2m monthly from funds meant for the payment of salaries of Nigerian Air Force officials.
The EFCC source told our correspondent that the commission had reason to believe that the diversion of funds at the NAF was still ongoing.
He said, “We were told that over N558.2m was diverted by the office of the Chief of Air Staff monthly and the money was converted to dollars. We were told that air force officers from the rank of air commodore and above all benefitted from the money.
“We believe that even after Amosu had left, they still shared money. We were told that even in February, these illegal deductions were still made. In due course, our findings will be made public.”

http://www.punchng.com/arms-scam-ex-naf-boss-amosu-returns-n2-3bn-to-fg/

Great

"The pikin who say him mama no go sleep; e no go sleep too"
One by one these bandits go return all our money.

But the one that will pain me pass, is, if these billions we hear everyday ends up in another bandit's account. Even if that person just ruled for one term and dies; I will personally fly first class like his or her daughter go beat the person wella for hell fire come back.


#SayNoToBleepingYourCountry.

dustmalik:
Great

so you are supporting those who steal our money?
you will vomit all that you ate!

all I can see in this post is N1583707352852 and $385273966270 and $20000000 and more N46962006206.
why is he yet to be nailed? maybe the efcc has no moral justification to do that (after all their former boss is a thief and a rogue).
but that notwithstanding, the man should be jailed.

Wailers won't like this I bet

Owo nla wole wa

realnas:
Wailers won't like this I bet

It is propaganda and witch hunting (in wailers voice)

God bless Buhari.

...Another Lie! I've lost count!

Oga Dullard, Tell us how much you have recovered from the alleged looters!... This government's not shy about throwing 'The billions' tag at people- The oppostion!

BTW, Amosu is gonna deny this in less than 48hrs!

Nawa o! God will still judge u thieves o

Sometimes I feel like crying whenever I hear the kind of money our politicians steal and still sleep at night peacefully without any single remorse while Nigerians suffer in pains and poverty.

[size=14pt]PUNCH and Nations newspaper are APC's propaganda and lies mouthpieces.

They help APC spread a lot of lies.

Last time it was 200b dollars from Dubai. So, why is the unfortunate Daura man still looking for loans to finance only 6 trillion budget if really so much is being recovered? [/size]

Buhari all these propaganda will not help your ministry ooo. When Fayose told China to refuse your loan deal you cry foul but you are the one shooting yourself on the foot. okey oo go on.

Propaganda as usual lubricated to wet down the throats of the gullible.

If all these funds are being recovered, why dis Bubu go to China cap in Hand begging for money?
Meanwhile, I will only believe if I see pictures of the bank draft.

And if Fayose said use the money u v recovered u will call him sabotage. Liars from the pit of hell.
I v never seen a political party feeding her followers, zombies like this all my life

Hope the money will not be relooted

Thieving thieves everywhere.

If this isn't change , I wonder what this is

can I say Baba is working?

Corruption in the miliatry is far worst than the whole of Nigeria. The thief should be thrown to a prison quicklyñ

[s]

Leboska:
Buhari all these propaganda will not help your ministry ooo. When Fayose told China to refuse your loan deal you cry foul but you are the one shooting yourself on the foot. okey oo go on.

[/s]

Acquired E-Pain syndrome AEPS

DonMaxxy:
"The pikin who say him mama no go sleep; e no go sleep too"
One by one these bandits go return all our money.

But the one that will pain me pass, is, if these billions we hear everyday ends up in another bandit's account. Even if that person just ruled for one term and dies; I will personally fly first class like his or her daughter go beat the person wella for hell fire come back.


#SayNoToBleepingYourCountry.

@bolded, do you think wanted this money to end in his pocket?

Buhari now has a lot of returned loot to give the nation REAL CHANGE earlier than his promised 2018 date. Over $300 billion so far gained is more than enough to fix power, build legacy structures, industries and create jobs for the Nigerian youths in the next 12 months.

Some people still believing the show is still political witch hunting .

Goddex:
[size=14pt]PUNCH and Nations newspaper are APC's propaganda and lies mouthpieces.

They help APC spread a lot of lies.

Last time it was 200b dollars from Dubai. So, why is the unfortunate Daura man still looking for loans to finance only 6 trillion budget if really so much is being recovered? [/size]

200b was never recovered, it is a some total of what is expected to recovered? Go and read the news again, stop displaying your ignorance on front page

Remaining Jonathan

its a lie there's nothing like arms deal (scam) its just a propaganda by this administration to divert our attention.... Ipob yooooths and hungry/ bitter PDP die hard followers

waiting for them to go tell Amosu to keep hos money that it was all propaganda... bunch of mofos, backward thinking EWUs

Lol. Very funny.

ObiOkpor:
Corruption in the miliatry is far worst than the whole of Nigeria. The thief should be thrown to a prison quicklyñ

Lol, u think so? Just because they want u to knw only what they want u to knw doesn't mean military is more corrupt. Dig up all nigeria top politician history and u will wish rapture takes place immediately.

Leboska:
Buhari all these propaganda will not help your ministry ooo. When Fayose told China to refuse your loan deal you cry foul but you are the one shooting yourself on the foot. okey oo go on.

Says an IPOB miscreant.

I talk am