N3.97bn fraud: Court convicts Badeh’s firm
The Federal High Court in Abuja Monday convicted a firm linked with the late Chief of General Staff , Air Marshall Alex Badeh – Iyalikam Nigeria Limited – and ordered it be immediately wound-up.
Properties traced to Badeh and Iyalikam were listed in the plea bargain agreement the EFCC reached with the defence and filed before the court on Monday.*A shopping mall at Plot 1386, Oda Crescent Cadastral Zone A07, Wuse II, Abuja* A duplex situate at No. 14, Adzope Crescent, Off Kumasi Crescent, Wuse II, Abuja*The sum of $1,000,000.00 only recovered from No. 6, Ogun River Street, Off Danube Street, Maitama, Abuja.
Badeh was scheduled to open his defence on January 16 this year, but before the hearing date, gunmen killed him along Abuja-Keffi Expressway on December 18, 2018. Olujinmi, who represented Badeh, and Mr. S.T Ologunorisa , who represented Iyalikam Nigeria Limited, on Monday, had contrary to Atolagbe’s position, argued that the charges needed not to be read because the company had no representative in court.
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