EFCC Recovers $1m Cash From Badeh’s House; Court Remands Him In Prison

The Punch reports that the Economic and Financial Crimes Commission has recovered $1m cash from one of the houses belonging to the immediate past Chief of Defence Staff, Air Chief Marshal Alex Badeh(retd.). The money was said to have been recovered after detectives searched a mansion located at 6, Ogun River Street, Maitama, Abuja. A detective at the EFCC, who did not want his name in print, said:

“We have seized several properties belonging to Badeh. A few days ago, we returned to the mansion located at 6, Ogun River Street, Maitama. In the presence of several witnesses, including neighbours, we searched the house and recovered $1m in cash. The money has been lodged as evidence.”

When our correspondent visited the mansion on Sunday, the EFCC seal was seen on the gate, with the warning, ‘EFCC, Keep off!” written all over the fence. The property, which is said to be worth over N1.1bn, is one of the five properties seized from the ex-defence chief. Some of the properties were said to have been purchased, renovated and furnished for a son of the former CDS, Alex Badeh (Jnr.).

 

A Federal High Court sitting in Abuja has remanded a former Chief of Defence Staff, Alex Badeh, in Kuje Prison. Badeh was arraigned before the court today on 10 counts of money laundering. The arraignment was initially billed for Thursday last week, but had to be shifted because of the absence of Justice Okon Abang.

The EFCC had on Monday last week filed 10 counts of money laundering against Badeh and a firm, Iyalikam Nigeria Limited, accusing them of fraudulently removing N3.97bn from the account of the Nigerian Air Force in 2013.

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