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Alleged N3.1bn fraud: Court adjourns ex- gov Suswam’s trial to Wednesday

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Alleged N3.1bn fraud: Court adjourns ex- gov Suswam’s trial to Wednesday

Justice A.R Mohammed of the Federal High Court FCT Abuja, has adjourned the trial of a former Benue State Governor, Gabriel Suswam and the Commissioner of Finance in his administration, Omadachi Okolobia, to Wednesday, for continuation of trial.

The defendants are facing trial on an amended 11-count charge which borders on money laundering to the tune of N3.1 billion.

At a resumed hearing on Tuesday, the prosecution counsel O.A Atolagbi who held the brief of Rotimi Jacobs, SAN, informed the court that the matter was slated for continuation of trial and cross-examination of the 5th prosecution witness, PW5.

J. B. Daudu, SAN and Paul Erokoro, SAN appeared for the 1st and 2nd defendants.

In cross-examining the witness, Mrs. Mshelia Clara-Whyte, an investment banker working with Investment Partners, Daudu SAN, asked her whether the company she worked for was registered with the Central Bank of Nigeria, CBN? She answered, no, but told the court that it was registered with the Securities and Exchange Commission, SEC.

On his part, Erokoro asked the witness whether her firm normally reports suspicious transactions to relevant agencies.

“We are bound by the rules of the financial market to report any transaction, suspicious or not, that is above five million naira to NFIU and SEC, and we send the report every Friday.

“But on this particular transaction, we did not report it as suspicious but rather, as an activity,” she stated.

Justice Mohammed adjourned the trial till tomorrow, May 24, 2023 for continuation of trial.

The Economic and Financial Crimes Commission is accusing the duo of allegedly diverting the money, which was said to be part of the proceeds of the sale of shares of Benue State in a company, to their personal use.

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