Alex Badeh Jailed In Kuje Prison Over N4BN Fraud, Spent N150m On Sons House

Abuja, March 7, 2016 (NAN) A Federal High Court, Abuja on Monday ordered the remand of ex-Chief of Defence Staff, Alex Badeh in Kuje prison.
Badeh who is standing trial on a 10-count charge bordering fraud amounting to N4bn is to remain behind bar till March 10 when his bail application would be heard.
Justice Okon Abang gave the order after Badeh pleaded not guilty to the charges and the prosecution – Economic and Financial Crimes Commission (EFCC) – applied for his remand pending commencement of his trial.
The News Agency of Nigeria (NAN) reports that the judge declined an application by Badeh’s lawyer that his client should be granted bail upon an earlier application filed for his release. Okon held that it was novel in law for a defendant to file bail application prior to an arraignment.
It would be recalled that following his continuous incarceration by the EFCC during investigation, Badeh had filed the application for enforcement of his fundamental right.
In the charge, the EFCC alleged that Badeh unlawfully used funds meant for the Nigerian Air Force (NAF) to purchase landed properties in choice areas in Abuja, while serving as Chief of Air Staff.

In the charge, the EFCC alleged that Badeh used Iyalikam Nig Ltd, a company believed to be owned by him, to misappropriate N1bn in 2013.

It alleged that the money was removed from the accounts of the NAF to purchase for himself a mansion at Maitama, Abuja.
The offences, the EFCC said ran contrary to Section 15 (2) (d) of money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15 (3) of the same Act.
Badeh and his company were also alleged to have removed from the accounts of the NAF, and did use dollar equivalent of N650m to purchase a commercial plot at 1386, Oda crescent Cadastral Zone Ao7, Wuse ll Abuja.

He was also alleged to have, between March and Dec. 2013, in Abuja unlawfully removed N878.3m from NAF accounts.

The charge alleged that the amount was paid into account of Rytebuilders Technologies Ltd with Zenith Bank Plc for construction of his personal shopping mall at Plot 1386, Cadastral zone.
The ex-CDS was also alleged to have used the stolen money to purchase for his son, Alex Badeh (jnr), a duplex at No 19 Kumasi crescent Wuse Abuja.
Also, the defendant was alleged to have illegally withdrawn the sum of N90m from NAF accounts to furnish the son’s house.
He Was also alleged to have unlawfully taken N60m from the NAF accounts to renovate another property belonging to his son.

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