Monday, 7 March 2016

EFCC Finds $1m Cash In Fmr Chief Of Defense Staff, Alex Badeh's House In Abuja

The Economic and Financial Crimes Commission (EFCC) says it  found $1 million cash in one of the Abuja houses owned by embattled former Chief of Defence Staff, Air Chief Marshal Alex Badeh. According to The Nation, the money was found hidden in one of the rooms in a mansion owned by the former military chief.

Badeh's trial for allegedly diverting N3.97 billion belonging to the Nigerian Air Force(NAF) will commence today March 7th at an Abuja High Court.

A top source in EFCC said:

“Apart from NAF funds, investigation confirmed that Badeh diverted funds meant for procurement of arms to Bureau De Change. We have interacted with some Bureau De Change operators. When we searched his mansion at 6, Ogun River Street in Maitama District in Abuja, $1million raw cash was found in one of the rooms. Our operatives made sure that the search of the house was conducted in the presence of Badeh’s neighbours who can attest to the discovery. We ensured that these neighbours witnessed our operation. Badeh has a case to answer on diversion of funds voted for arms procurement. I cannot tell you whether or not he will face separate charges on the $1million".



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