The Economic and Financial Crimes Commission has filed 10 counts of money laundering against the immediate past Chief of Defence Staff, Air Marshal Alex Badeh (retd.), accusing him of removing a total sum of N3.9 billion from the accounts of the Nigerian Air Force between January and December, 2013.
Another judge of the Federal High Court in Abuja, Justice James Tsoho, had on Monday fixed March 4 (Friday) for ruling on Badeh’s bail application. The anti-graft agency in the charges, numbered FHC/ABJ/CR/46, 2016, accused Badeh and Iyalikam Nigeria Limited of spending the total sum of N3,974,362,732.94, on acquisition, construction, renovation, furnishing of various properties, including a shopping mall in many choice areas of Abuja.
It was reported that he purchased so many properties like land, houses in Abuja. The sum of N60m was said to have been paid for the renovation of the property and another N90m to furnish the property.He is also accused of allegedly paid N330m to one Honourable Bature to purchase a duplex at No. 14 Adzope Crescent, Off Kumasi Crescent, Wuse II, Abuja.They were also accused of paying N240m to Rabiu Isyaku Rabiu to buy a semi-detached duplex at No. 8A Embu Street, by Sigma Apartment, Wuse II, Abuja. Renovation of a private property was also done with the sum N62m. Badeh’s unlawful activies was described as a criminal breach of trust and corruption.
