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Wednesday, November 2, 2016
Witness speaks How Alex Badeh Laundered Air Force’s Funds
The trial of a former Chief of Defence Staff in Nigeria, Alex Badeh, continued on Wednesday at a Federal High Court in Abuja, with a witness testifying against him.
At the hearing, the eighth prosecution witness told Justice Okon Abang how Mr Badeh laundered funds removed from the accounts of the Nigerian Air Force, using four different accounts operated in the name of Iyalikam Nigeria Limited.
The witness said Mr Badeh became a co-signatory of the company’s account in January 2015.
A cross-examination by Badeh’s counsel, Akin Olujimi, further revealed that he was a signatory to Iyalikam Nigeria Limited and that the witness received instructions to transfer funds to various accounts.
After the witness’ cross-examination of Wednesday, the trial was adjourned to Thursday, November 3, for further cross examination.
Mr Badeh is being prosecuted by the Economic and Financial Crimes Commission alongside his company, Iyalikam Nigeria Limited, for allegedly abusing his office by using money meant for the Nigerian Air Force to buy property in choice areas of Abuja between January and December, 2013.
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