Another N116bn Fraud Busted: See Names of Those to Refund The Cash

Just days after the Presidency revealed that 300 persons and companies were implicated in fresh N116b "curious" contracts issued by the Office of the National Security Adviser (ONSA), details of the cash some of those indicted will refund have emerged.

It was also gathered that a former Director of Funds in Office of the Accountant-General of the Federation, Mr Mohammed Dikwa, admitted to the EFCC that the controversial $2.billion released to ONSA under ex-NSA Sambo Dasuki were based on just presidential or ministerial orders.

The Senior Special Assistant on Media and Publicity to the President, Mallam Garba Shehu, on Thursday said that the ONSA committee had recovered over N7billion from those indicted.

The indicted companies are to refund N41billion. The investigating agencies, including the EFCC, will determine if another N75billion should be recovered from some of the companies.

The Special Committee in the Office of the NSA found persons and companies 'guilty' of infractions.

Some of the alleged infractions:

• breach of contract terms;
• non-execution of contracts;
• haphazard or partial completion of contracts;
• collection of funds for unexecuted contracts;
• diversion of funds for political purposes; and
• sheer mismanagement of contract funds.

300 persons and firms have been referred to investigating agencies, including EFCC, ICPC and police.

Amounts to be refunded by some of the persons and companies are as follows:
Acacia Holding Limited – (N600m and N650m);
Reliance Referral Hospitals Limited – N750m (16/4/2015);
African Cable Television Limited - N350million;
Dalhatu Investment Limited(N500m) - 20/12/13 and N200m on 17/3/15;
Duchy Concepts Limited RC392281(N70m) – 17/3/15;
Wehsec Farms Limited RC 713258(N200m);
Stellavera Dev Company – N250m;
Stellavera Dev Company- N250m;
Societe d’Equipments internationaux –
$6,954,000(21/4/2015), $30m(9/5/15); $50m(9/3/15); €1, 395, 346.84(11/12/13); €1,401,869 (2/10/13); €2, 252,252.25; $16m (20/5/14); $38m(20/5/14); $36m(20/5/14); $5m(4/6/14); $10m(11/7/14).

Some expected refunds from individuals are Dr. Bello Matawalle – N300m; Bello Fadile -N100m and Bashir Yududa N1.5billion.

A source in EFCC said: “Some of those indicted have outstanding cases under investigation by our agency. These allegations are intertwined and we may have to improve on a few clues.

“The latest assignment is to recover the sums against these 300 persons and companies. A few of them had written to the commission to refund some money illegally collected for jobs undone.

“In line with the mandate of the Presidency, we will get to the root of the allegations against those already referred to us. We will also collaborate with other investigating agencies.”

Responding to a question, he said: "Of course, some of these persons and companies will be prosecuted."