Two of the witnesses called by the Economic and Financial Crimes Commission (EFCC) testified before the court.
They told the court that names of former governor, and an ex-Minister of State for Defense, Musiliu Obanikoro and Abiodun Agbele respectively, were not in the lists of beneficiaries of the fund released by the Central Bank of Nigeria (CBN) based on payment instruction from the Office of the National Security Adviser (ONSA).
A former Head of Treasury at the Diamond Bank Plc., Lagos, Olaitan
Fajuyitan also told the court that based on the documents before him, which were already admitted as Exhibit E Series, there was no payment to Obanikoro, Fayose and Agbele from the Diamond Bank account of Silva McNamara, the company paid a sum of N2.2 billion by the NSA office.
While being led in evidence by the EFCC Counsel, Rotimi Jacob (SAN), Aliyu Mohammed Mukadas, a CBN senior manager and ex-head payment section of the Abuja branch had told the court that on 15 June, 2014 a sum of N200 million and another N2 billion was paid into the account of Silva McNamara domiciled in Diamond Bank.
He said the money was co-authorised by the then NSA, Sambo Dasuki and a director in the NSA, S. A. Salisu, who were signatories to the NSA account.
However, giving evidence under cross examination by defense counsel, Ola Olanipekun (SAN), the CBN official said he did not come across the names of Fayose and Abiodun Agbele while processing the payments.
Olanipekun had asked; “While processing the payment, did he (Fayose) come to you to hasten the payment,” Mukadas said; “No.”
Olanipekun’s also asked; “In the course of processing the mandate, did you come across his (Fayose) name as beneficiary,” the witness said; “No.”
He also said that he did not come across the name of Abiodun Agbele and that he and Fayose were never directors of Silva McNamara Nigeria Limited.
Asked whether from his knowledge of operations of the CBN, due process was followed in the payment to Silva McNamara, he said due process was followed.
While being led in evidence by the EFCC counsel, Fajuyitan had narrated to the court how a sum of N1.2 billion was withdrawn from the Diamond Bank account of Silva McNamara through a payment instruction dated June 16, 2014.
However, under cross examination by Olalekan Ojo (SAN), counsel to the second defendant (Spotless Nigeria Limited), Fajuyitan confirmed that it was only signatories to the account of a limited liability company that can give withdrawal instruction and that neither the names of Fayose, Obanikoro nor Agbele featured as directors of Silva
The witness said while processing the payment instruction from signatories to the account of Silva McNamara, he did not encounter any requests made by Fayose and that he did not see his name on any document relating to the transaction.
He also told the court that the Board Resolution of Silva McNamara with which the Diamond Bank account was opened and operated put the cash withdrawal limit the signatories can make at N3 million.
He read out the names of the board of directors of Silva McNamara as Ezekwe Ikenna with 700,000 shares, Idowu Oshodi with 299,000 shares and Elizabeth Adebiyi with 1,000 shares.
The witness also read to the court signatories to the account of Silva
McNamara as Mr. Olalekan Ogunseye and Mrs Theresa Matuluko.
He said Diamond Bank complied strictly with Silva McNamara’s payment instruction of June 16, 2014, which authorised payments to six identified beneficiaries.
He read out the six beneficiaries to which the said sum of N1.2 billion was paid as Santuraki Bello (N200m), Yusuf Bulama (N120m), Chimenum Njoku (250m), Josiah Moses (N280m), Abubakar-Sadiq Zanna (N200m) and Franklin Tolani (N150m).
Asked whether Diamond Bank, in complying with the payment instruction of June 16, 2014, did so after due diligence, Fajuyitan said; “Yes.”
When he was asked by Ojo whether Diamond Bank will do anything against
the payment mandate made by its customers, the witness said; “I don’t think they will.”
Earlier, the trial judge, Justice Chukwujekwu Aneke, had ruled
against EFCC counsel’s move to get the witness who contradicted himself yesterday, to explain why his testimony was different from what he said before Justice Olatoregun during the aborted trial.
Dr. Abiodun Oshode, a Zonal Head of Zenith Bank had said under oath while giving evidence before Justice Mojisola Olatoregun on November 19, 2019 that Taofeek, who was alleged to be involved in the movement of about N200 million cash from Afao Ekiti to the Zenith Bank branch in Ado Ekiti, did not personally fill the deposit slips for lodgement of the cash because he does not know how to read and write.
The case has been adjourned till Friday, October 25 for continuation of trial.
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