Oyedepo, Shagaya As Recipient Of Diezani N450m Loot- EFCC Finally Releases Names


The Economic and Financial Crimes Commission (EFCC) on Wednesday,
told Justice Rilwan Aikwa of the Federal High Court sitting in Ikoyi, Lagos, how a governorship candidate of the Peoples Democratic Party (PDP), Muhammed Belgore in the 2011 Kwara State gubernatorial race, burned through N126,500,000.

Diezani: Oyedepo, Shagaya As Recipient Of N450m Loot- EFCC Finally Releases Names


The EFCC noticed that the cash was a piece of the claimed N450, 000, 000 paid by a embattled Minister of Petroleum Resources, Diezani Allison-Madueke.

Aynaijang News understands that the prosecution counsel, Rotimi Oyedepo, asked Belgore, under cross-examination, if he gave any written instructions to disburse the money the bank was keeping on his behalf to which he replied: “It is true I did not have any written instructions for the disbursements.”

Consequently, Oyedepo put it to Belgore that he disbursed over N126,500,000 to many persons

According to him, “Mr. Zikrullah Balogun, your Personal Assistant, made several disbursements on your instructions and received in cash N80,000,000; Mr. Sheriff Shagaya received N50,000,000; Mr. Isa Beau received in cash N61,656,000.

“Mrs. Shola Adeoti received in cash N102,298,000; Mr Iyola Oyedepo received in cash N9,574, 000 and Senator Sulaiman Ajadi received in cash the sum of N19,689,000.”

Justice Aikawa adjourned the case to June 17, 2019, for a continuation of cross-examination.


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