July 2, 2022
Chicago 12, Melborne City, USA

Olisa Metuh Bought N500M Banana Island Property Says Witness

The spokesperson of the Peoples Democratic Party (PDP), Olisa Metuh is said to have used some of the funds he allegedly received from former National Security Adviser (NSA), Sambo Dasuki to purchase a property in the exclusive Banana Island area of Lagos State.
The revelation was made today, February 9, 2016, by Junaid Sa’id, a witness in the Economic and Financial Crimes Commission (EFCC) money laundering case against Metuh.
The PDP spokesperson is said to have used bout N500m out of funds received from Dasuki, who’s also being tried for corruption, to buy the property.
“Investigation revealed that after payment of N400m by ONSA, a total sum of N366m was paid into the same account by one Kabiru Ibrahim, who also paid in N150m; Capital Field Investment Limited paid in N91m, and one Eyitonye, paid in N82m,” Sa’id said 
“These funds formed the naira equivalent of $2m, which the first defendant [Metuh] gave to one Nneka Ararume in cash. Investigations revealed that all this money was used for PDP campaign activities and for personal use by the first defendant.
“The money used for PDP campaign activities were from the sum of N400m. Among the disbursement made, the sum of N77.5m was paid to CMC connect for campaign activities; the sum of N25m was paid to Abba Dabo for campaign activities; and the sum of N21.7m was paid to Chief Tony Anenih. Another sum of N5m was discovered to have been paid to Chief Kema Chikwe, and the sum of N50m was found to have been transferred to a joint account of the first defendant and his wife.
“The sum of N500m was also discovered to have been transferred to Daniel Ford International Limited in two tranches of N200m and N300m for the purpose of buying landed property at Banana Island, Lagos, by Metuh,” he added. Metuh was previously imprisoned at the Kuje Prison on the charges but is currently free on bail.
Dasuki is at the center of the massive money laundering investigation and is alleged to have supervised the looting of $2.1 billion in funds which were meant for the procurement of arms for Nigeria’s military. He was arrested by the Department of State Services (DSS) on December 1, 2015 and handed over to the EFCC the day after. The former NSA is reported to have implicated several prominent persons in the deal including former governors, ex-ministers and members of the PDP. Dasuki was released on bail from Kuje Prison in December 2015 but was soon re-arrested by the DSS.

(adsbygoogle = window.adsbygoogle || []).push({});

Leave feedback about this

  • Quality
  • Price
  • Service


Add Field


Add Field
Choose Image
Choose Video