ADVERTISEMENT
The Moment Nigeria
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
The Moment Nigeria
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport

N2.17bn fraud: Court adjourn trial of Almond Projects CEO, Olugbenga Obadina

by Usman Kadri
February 19, 2025
Reading Time: 2 mins read
N2.17bn fraud: Court adjourn trial of Almond Projects CEO, Olugbenga Obadina
Share on FacebookShare on TwitterShare on WhatsappShare on LinkedIn

A Federal High Court in Abuja on Wednesday adjourned the trial of Olugbenga Obadina, Chairman and Chief Executive Officer (CEO), Almond Projects Limited, in the alleged N2.17 billion fraud, until May 12.

Obadina was alleged to have received the money from retired Col. Sambo Dasuki, former National Security Adviser (NSA) during President Goodluck Jonathan’s government.

Justice James Omotosho adjourned the matter following a letter earlier sent to the court by the Economic and Financial Crimes Commission (EFCC), through its counsel, seeking an adjournment.

RELATED STORIES

U.S court jails Edward Oluwasanmi over $4.2m scam

U.S court jails Edward Oluwasanmi over $4.2m scam

July 5, 2025
Adron Homes made my dream come true —New homeowner shares inspiring testimony

Adron Homes made my dream come true —New homeowner shares inspiring testimony

July 5, 2025

Although the defence lawyers were in court, no lawyer appeared for the EFCC.

Justice Omotosho consequently fixed May 12 for trial.

Obadina was re-arraigned on Jan. 13 by the anti-graft agency on eight-count charge bordering on money laundering.

He, however, pleaded not guilty to the charge and was admitted to N500 million bail with two sureties in like sum.

NAN reports that the EFCC accused Dasuki, of criminal diversion of funds to the tune of $2.1 billion U.S. dollars.

The money was allegedly part of funds earmarked by the Federal Government to the fight Boko Haram insurgency in the northeast.

NAN reports that the EFCC had, in the charge marked: FHC/ABJ/CR/142/2016, listed Obadina and Almond Project Limited as 1st and 2nd defendants.

In court three of the charge, Obadina and Almond Projects Ltd were alleged to have, on April 3, 2014 directly taken possession of N648 million which was paid into the account of Almond Projects Ltd with Zenith Bank Plc Account No: 1010921116.

The money was allegedly paid from the account of the Office of the NSA from the Central Bank of Nigeria without contract award.

The agency said the fund formed part of the proceeds of an unlawful activity of Col. Dasuki and the offence is contrary to Section 15(2), (d) of the Money Laundering (Prohibition) Act, 2011 as amended in 2012 and punishable under Section 15(3) of the same Act.

Obadina was earlier arraigned before Justice Nnamdi Dimgba in 2016.

Justice Dimgba had, on July 4, 2024, adjourned for adoption of final written addresses after the EFCC had closed its case after calling four witnesses and the defendants called two witnesses before he was elevated to the Appeal Court.

NAN

Next Post
Sacking elected council chairmen treason, AGF warns govs

Sacking elected council chairmen treason, AGF warns govs

More Articles...

U.S court jails Edward Oluwasanmi over $4.2m scam

U.S court jails Edward Oluwasanmi over $4.2m scam

July 5, 2025
Adron Homes made my dream come true —New homeowner shares inspiring testimony

Adron Homes made my dream come true —New homeowner shares inspiring testimony

July 5, 2025
Natasha drags Akpabio to UN, exposes Senate President over alleged sexual harassment

BREAKING: Court Orders Senate to recall suspended Natasha Akpoti

July 4, 2025
Former Arsenal midfielder, Thomas Partey charged with rape

Former Arsenal midfielder, Thomas Partey charged with rape

July 4, 2025
Natasha: If anything happen to me, hold Akpabio,  Yahaya Bello, Ododo responsible

JUST IN: Court fines Senator Natasha ₦5 million for civil contempt

July 4, 2025
Real Estate industry experts, stakeholders raise alarm over building collapse in Lagos, seek urgent reforms

Real Estate industry experts, stakeholders raise alarm over building collapse in Lagos, seek urgent reforms

July 4, 2025

STANBIC IBTC ADVERT

About Us

Themomentng.com is an online community of reporters and social advocates dedicated to bringing you features, news reports by Africans, but from a global perspective.

Contact Us

+447771081433
+2348051966180(WhatsApp/SMS Only)
Email: themomentng@gmail.com

Categories

  • Business
  • Education
  • Entertainment
  • Events
  • Featured
  • Food
  • Foreign
  • Health
  • Interviews
  • Life and Styles
  • Metro
  • Motoring
  • News
  • Opinion
  • Politics
  • Religion
  • Society
  • Sport
  • Technology
  • Top Story

Follow Us

Facebook Twitter Instagram

Copyright © Themomentng.com. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport