Friday, October 10, 2025
  • About
  • Advertise
  • Careers
  • Contact
Newsroom Nigeria
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life
No Result
View All Result
Newsroom Nigeria
ADVERTISEMENT
Home News

Alleged N33.8bn Manbilla Project fraud: Proceeds used to Purchase Abuja Properties – Witness

The Economic and Financial Crimes Commission, EFCC is prosecuting  Mamman on a 12 -count charge bordering on conspiracy to commit money laundering  to the tune of N33,804,830,503.73

Newsroom Nigeria by Newsroom Nigeria
October 9, 2024
in News
Reading Time: 2 mins read
0
SHARES
Share on FacebookShare on Twitter

Abubakar Kweido,   First Prosecuting witness, PW1 in the trial of a former Minister of Power,  Saleh Mamman,  on Wednesday, October 9, 2024 told a Federal High Court sitting in Abuja before Justice James Omotosho that he former minister  allegedly used funds from the Mambilla Hydro project’s account to purchase Abuja properties.

The Economic and Financial Crimes Commission, EFCC is prosecuting  Mamman on a 12 -count charge bordering on conspiracy to commit money laundering  to the tune of N33,804,830,503.73 (Thirty-Three Billion, Eight Hundred and Four Million, Eight Hundred and Thirty Thousand, Five Hundred and Three Naira, Seventy-Three Kobo).

During Wednesday’s  proceedings,  Kweido, an operative of the EFCC while being led in evidence by prosecution counsel,  Olumide Fusica, SAN said investigation activities showed that some funds released to the former minister were used to purchase properties in Kado Estate and Wuse 2, Abuja.

Related posts

Viewpoint: Between Lere Olayinka and Rufai Oseni, By Bolanle BOLAWOLE

Viewpoint: How Journalists Can get the Best from a Subject in an Interview By Adewale Adeoye

October 10, 2025
Union Bank Strengthens Media Ties at Informal Mixer Event

Union Bank Strengthens Media Ties at Informal Mixer Event

October 9, 2025

“We invited and presented the findings of the investigation to the minister, which he acknowledged and responded to in the presence of his lawyer. He denied connection to all the alleged properties, stating that one Maisbahu Idris who was his Personal Assistant usually received money from the Project Accountant of the Mambilla Hydro project to share with his staff in the ministry.

“We  went ahead to conduct a search in the minister`s house and we recovered some foreign currencies in cash. We also recovered CAC documents of Abangus Nig. Ltd whose investigation revealed that the company was one of the entities used by the minister to facilitate the diversion of funds from the project account of Mambilla”, he said.

Payment Vouchers for Bangus Nig. Ltd and Exhibit Form for some cash recovered at his residence were tendered and admitted in evidence.

Justice Omotosho adjourned the matter to October 23, 2024 for continuation of trial

ShareTweetSendShareShare
Previous Post

Emefiele Didn’t Have Buhari, CBN Board’s Approval for Naira Redesign -Witness

Next Post

VIEWPOINT: LIFE OF A JOURNALIST AFTER RETIREMENT

Related Posts

Viewpoint: Between Lere Olayinka and Rufai Oseni, By Bolanle BOLAWOLE
Media and Press

Viewpoint: How Journalists Can get the Best from a Subject in an Interview By Adewale Adeoye

October 10, 2025
Union Bank Strengthens Media Ties at Informal Mixer Event
BANKING

Union Bank Strengthens Media Ties at Informal Mixer Event

October 9, 2025
TINUBU ACCEPTS INEC CHAIRMAN’S DEPARTURE, BESTOWS NATIONAL HONOUR ON HIM
News

TINUBU ACCEPTS INEC CHAIRMAN’S DEPARTURE, BESTOWS NATIONAL HONOUR ON HIM

October 7, 2025
Yakubu Concludes Tenure, Hands Over to Agbamuche-Mbu as INEC’s Acting Chairman
News

Yakubu Concludes Tenure, Hands Over to Agbamuche-Mbu as INEC’s Acting Chairman

October 7, 2025
NDLEA Smashes Cocaine Cartels Behind 6 UK-bound Shipments, Arrests Arrowhead
News

NDLEA Smashes Cocaine Cartels Behind 6 UK-bound Shipments, Arrests Arrowhead

October 5, 2025
No More Account Maintenance Fees, Says Sterling Bank to Nigerians on Independence Day
BANKING

No More Account Maintenance Fees, Says Sterling Bank to Nigerians on Independence Day

October 1, 2025
Next Post

VIEWPOINT: LIFE OF A JOURNALIST AFTER RETIREMENT

RECOMMENDED NEWS

Oyo, Water Aid Set To Sign New MoU on Access to Portable Water

2 years ago

Viewpoint: In Six Months, What Has Tinubu Achieved?

2 years ago

FORMER DEPUTY GOVERNOR STRUGGLES TO RAISE N50,000 TO FIX CAR

2 years ago

Alleged 3.1bn Fraud: How I delivered $15.8m Cash to Suswan in his Residence – Witness

1 year ago

FOLLOW US

ADVERTISEMENT
ADVERTISEMENT

POPULAR NEWS

  • NATIONAL COUNCIL OF STATE UNANIMOUSLY APPROVES APPOINTMENT  AMUPITAN AS INEC CHAIRMAN

    NATIONAL COUNCIL OF STATE UNANIMOUSLY APPROVES APPOINTMENT  AMUPITAN AS INEC CHAIRMAN

    0 shares
    Share 0 Tweet 0
  • South Rejected Tinubu in 2023, North and South Will Reject Him in 2027 — Gbenga Hashim’s Group

    0 shares
    Share 0 Tweet 0
  • TINUBU ACCEPTS INEC CHAIRMAN’S DEPARTURE, BESTOWS NATIONAL HONOUR ON HIM

    0 shares
    Share 0 Tweet 0
  • TINUBU ACCEPTS RESIGNATION OF GEOFFREY NNAJI AS MINISTER

    0 shares
    Share 0 Tweet 0
  • TINUBU PARDONS HERBERT MACAULAY, VATSA, LAWAN, GRANTS CLEMENCY TO 82 INMATES

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
Newsroom Nigeria

The NEWSROOM NIGERIA is an independent, liberal on – line news platform committed to the right of the individual to pursue his economic happiness, without undue interference of the state. It shall promote the rights of the individual; right to freedom of worship and conscience, and to hold opinions and impact same without hindrance, subject to such laws are as consistent with the constitution and necessary for the protection of the rights of others.

  • About
  • Advertise
  • Careers
  • Contact

© 2025 Newsroom Nigeria - Designed by Semasir Connect.

No Result
View All Result
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life

© 2025 Newsroom Nigeria - Designed by Semasir Connect.