How Former Air Force Accountant Adigun Used His Companies To 'Siphon' N12bn | Sahara Reporters

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How Former Air Force Accountant Adigun Used His Companies To 'Siphon' N12bn | Sahara Reporters
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Adigun is the second defendant in a N22.8bn fraud charge preferred against Adesola Amosu, a former Chief of Air Staff.

Tosin Owobo, an investigator with the Economic and Financial Crimes Commission , has told Justice Chukwujeku Aneke of the Federal High Court sitting in Lagos, how Air Marshal Jacob Bola Adigun, a former Chief of Accounts of the Nigerian Air Force , used his companies to siphon the sum of N12billion from the NAF intelligence account domiciled in Zenith Bank.Adigun and Air Commodore Gbadebo Olugbenga.

Led in evidence by Rotimi Oyedepo, the prosecution counsel, Owobo told the court that sequel to the signing of a Memorandum of Understanding between the Nigerian Maritime Administration and Safety Agency and the Nigerian Air Force, the total sum of N3billion was paid into the NAF Special Emergency Operation Account domiciled with Zenith Bank Plc in three tranches of N1billion on different occasions.

He said: “As part of the investigation, we invited the Managing Directors of Right Options Oil & Gas, Judah Oil & Gas and Lebol Oil & Gas Limited, who stated that they were Bureau De Change operators and not oil dealers. While giving further evidence on the account opening packages of Delfina Oil & Gas and McAllan Oil & Gas, Otobo told the court that the CAC documents that were used in opening the accounts bore Adigun’s name as Director.

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