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Alleged N1.3bn theft: Ex-Naval officer, Biu on the run – EFCC tells court

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The Economic and Financial Crimes Commission, EFCC, has knowledgeable a Federal High Court in Abuja {{that a}} former Naval chief, Rear Admiral Tahir Yusuf Biu, who allegedly stole N1.3 billion from the Nigerian Navy, is on the run and cannot be reached.

The anti-graft firm said that every one efforts to search out the whereabouts of Admiral Biu have proved unsuccessful since March 16 this 12 months, when a 9-count felony value was filed in direction of him.

EFCC’s counsel, Mr Cosmas Obeta Ugwu, lamented that traces of the defendant could not be found; due to this fact, he could not be launched sooner than the court to answer the felony bills in direction of him.

Rear Admiral Biu was said to have, on November 30, 2015, in Abuja, taken possession of N100 million transferred into his Bitmas Enterprises non-public agency checking account with amount 1011904172 at Zenith Bank from the Naval Headquarters account domiciled at Zenith Bank reverse to Section 15 (2) of the Money Laundering Prohibition Act.

The value sheet revealed that on March 14, 2012, Biu allegedly took possession of N135.4 million into his Bitmas Enterprises account 1001439871, transferred from the Defence Intelligence Agency personnel account, whereas one different N197.8 million was moreover transferred in the similar methodology into the Bitmas account.

EFCC moreover charged him with unlawful transferring of N148 million from the Defence Intelligence Agency to his agency account at Zenith Bank and N334 million into the similar agency’s account in the similar methodology.

Besides, Admiral Biu was alleged to have taken possession of 1 different N152 million and one different N20 million from Defence Intelligence Agency transferred into the agency account.

The anti-graft firm moreover alleged that the former Naval Chief diverted $300,000 from a Navy non-public account meant for the purchase of furnishings for Navy Secondary School at Okura to his agency account domiciled at Zenith Bank sooner than he escaped to an unknown trip spot.

When the matter obtained right here up, Ugwu painted a darkish picture of being helpless find the defendant for arrest and arraignment in court, nevertheless Justice Inyang Edem Ekwo disagreed with the anti-graft firm on the drawback.

Justice Ekwo held that the firm was shedding state powers, together with that various statutes give enormous powers to EFCC to fish out anybody from a hideout for justice the place compulsory.

The Judge, on account of this reality, threatened to strike out the felony bills if, at the subsequent adjourned date, the firm approached the court with the similar story.

He subsequently mounted February 22, 2023, as the remaining adjournment for the EFCC to produce the defendant in court or have the value struck out.

Alleged N1.3bn theft: Ex-Naval officer, Biu on the run – EFCC tells court

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