How Ex-Army Chief Stole N4bn, Bought Property – ICPC

A former army chief has been accused of stealing the sum of N4 billion from the army price range and depositing the fund into the accounts of two corporations the place he’s a sole signatory and useful proprietor.

The Chairman of the Unbiased Corrupt Practices and Different Associated Offences Fee (ICPC), Bolaji Owasanoye revealed this on Friday.

Owasanoye spoke throughout an occasion which was held on the ICPC headquarters in Abuja tagged, ‘Nationwide Coverage Dialogue on Corruption and Insecurity in Nigeria’.

In response to Owasanoye, the ex-military chief used the looted fund to buy properties in Abuja.

He famous that the properties had been purchased below the names of cronies and proxies of the army chief.

Owasanoye additional acknowledged that the ex-military officer additionally transformed among the properties paid for by his service to his use.

He mentioned ICPC prosecution of the previous army chief to get well all of the belongings has been pissed off by a Excessive Courtroom choose who just lately retired.

Owasanoye claimed that the choose forfeited among the belongings to FGN and the remaining was left to the suspect.

He mentioned, “Whereas the fee has filed a discover of attraction, this unusual improvement aggravates an already unhealthy state of affairs and escalates insecurity and impunity.”

He lamented that corruption has contributed to the insecurity within the nation.