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© OKN MEDIA PUBLISHING 2022 - All rights reserved
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”How Olisa Metuh Bought N500m Property at Banana Island” – Witness Tell Court

Farouk Mohammed
By Farouk Mohammed
Published: February 9, 2016
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Junaid Sa’id, an EFCC witness in the case against Olisa Metuh, the spokesman of the Peoples Democratic Party, PDP, testified on Tuesday about how the accused person diverted millions of naira paid to him by Sambo Dasuki, the former national security adviser.

Sa’id, who is the eight witness called so far by the prosecution, is a detective with the EFCC. Testifying before Justice Okon Abang of the federal high court in Abuja, Sa’id said that Metuh used N500m to buy a landed property at Banana Island, Lagos.

“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,” he said.

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“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.

“In the course of the investigation, the team visited the residence of the first defendant and invited him to the commission. He was interviewed. After the interview, he was asked if he was willing to volunteer a statement in writing. He said, ‘yes’. When he concluded writing his statement, which was in four sheets, he handed them over to us. I read what he had written. I also gave it to my other team members to read. After that, I returned it to him for endorsement.

“He endorsed the first sheet, he endorsed the second sheet; when he was to endorse the third sheet in which he had stated that the money he received from ONSA was used for PDP campaign activities to settle his personal debts, to the surprise of the team he suddenly tore the sheet. The pieces of the torn sheets were then recovered from him and registered as exhibit.”

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ByFarouk Mohammed
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Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
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