As FG Closes Case, Onnoghen to Make No-case Submission - THISDAYLIVE via thisdaylive
Says he took $500,000 bank loan, has only $56,878 in domiciliary account
Onnoghen is facing a six-count charge bordering on incomplete asset declaration. Media reports, particularly in the social media, apparently promoted by the federal government, had speculated that the CJN had fat foreign currencies based accounts and scores of houses undeclared as required by law. The trial took a new twist as an official of Standard Chartered Bank, Ms. Ifeoma Okeagbue, confirmed to the tribunal that Onnoghen was granted a loan of $500,000 by the bank, as of January this year.
Okeagbue, who was testifying as the third prosecution witness in the trial of Onnoghen on charges of false and non-declaration of assets, also confirmed that the loan was guaranteed by his investments in federal government’s bonds and shares, among others.The witness, who had earlier said in her evidence-in-chief that Onnoghen had five accounts, confirmed that the ones in euro, dollar, and pound sterling were domiciliary accounts and not “foreign accounts,” as alleged.
Reading from the statements of the accounts earlier admitted as exhibits, Okeagbue said, “On the account 5001062686, the opening balance in January 2018 was €30,178.58.“On account 5001062693, at January 2018, it was with opening balance of N6,411,312.77.“On account 5001062679, the opening balance as at January 2018 was £39,456.08 and by December 2018 the balance was £13,730.70.
Earlier, the second prosecution witness, Mr. Awal Yakassai, under cross-examination admitted that two assets declaration forms submitted by Onnoghen three years ago have till date not been verified. The prosecution in its application for the trial had said it would be calling six witnesses to prove its case against Onnoghen.
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