Law News
BREAKING: Court remands ex-Chief of Defence Staff, Badeh in prison

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.
Badeh was said to have allegedly perpetrated the fraud along with Iyalikam Nigeria Limited while he was the Chief of Air Staff.

The relationship between Badeh and the company was not disclosed in the charges.

The accused allegedly bought landed assets in many choice areas of Abuja with the money.

The assets allegedly include a mansion at No. 6, Ogun River Street, Off Danube Street, Maitama, Abuja, which the defendants were said to have purchased with N1.1bn.

The accused also allegedly bought a commercial plot of land at Plot 1386, Oda Crescent Cadastral Zone A07, Wuse II, Abuja, for N650m.

They were said to have paid N878m for the construction of a shopping mall at Plot 1386, Oda Crescent Cadastral Zone A07, Wuse II, Abuja, and another sum of N304m to complete the construction.

Click here to read from source.