Witness Narrates How Adamawa’s Nyako Moved Millions Around
A former governor of Adamawa State, Murtala Nyako, is facing trial for allegedly diverting the state’s funds through his companies during his tenure.
The trial of the Governor continued on Thursday and a witness, Evoigbe Chidi, who is a compliance officer with Ecobank Nigeria, was in court to testify in the Nyako trial bordering on a 37-count charge of conspiracy, stealing, abuse of office and money laundering to the tune of 29 billion Naira.
He is stranding trial before Justice Okon Abang of the Federal High Court in Maitama alongside his son, Senator Abdul-Aziz Nyako, Abubakar Aliyu and Zulkifikk Abba.
Mr Nyako and his co-accused were alleged to have used 5 companies - Blue Opal Limited, Sebore Farms & Extension Limited, Pagoda Fortunes Limited, Tower Assets Management Limited and Crust Energy Limited for the illegal diversion of the funds.
Chidi narrated how the former governor of Adamawa State diverted state funds during his tenure.
The prosecuting counsel, Rotimi Jacobs, led the witness in evidence, tendering documents detailing the movement of the funds which were admitted as exhibits by the court in Abuja.
Chidi said: “Sometime in 2014, we got a query from the EFCC, requesting us to provide them with details of Tower Asset Management Limited which relates to the documentation of the account and transactions for certain period.
"In response, we prepared the account opening documents and statements of account, which was covered by Certificate of Identification and forwarded them to EFCC with a covering letter”.
When asked by Jacobs to tell the court about the documents, Chidi said that "the first document relates to Tower Asset Management Limited while the second one relates to enquiries on other accounts namely; AMDAK Investment limited, Kirkelly Investment limited, AMDAK Road Construction limited, and Russelly Farms Nigeria limited".
The witness added that “after checking through our records, we could only find AMDAK Investment Limited and AMDAK Road Construction Limited, which we forwarded to the Commission as requested”.
When asked to look at one of the documents submitted and tell the court about the transactions therein, Chidi said: "On February 5, 2013, there was a transfer of 44.8 million Naira from Tower Asset to Blue Opal.
"On May 15, 2013, there was another transfer of 46 million Naira from Tower Asset Management Limited to Kakawa Discount House.
"On May 17, 2013, there was an outward transfer of 45.6 million Naira to Na Abba Bureau De Change Limited.
"On May 30, 2013, there was an entry of 59.3 million Naira by order of Tower Asset Management Limited to Kakawa Discount House.
"On June 4, 2013, there was a credit entry of 16 million Naira by order of Tower Asset Management Limited in favour of Quest Bureau De Change limited.
That same day, the same amount was debited from the same account. It reads: "Transfer from Order of Tower Asset in Favour of Quest limited".
"On June 5, 2013, there was a debit entry of 43.4 million Naira. The transfer outward to Ladan Bureau De Change limited".
Chidi was further asked to look at another document and also tell the court the transactions therein.
"On November 28, 2011, there was a credit entry into the account of 205.3 million Naira by order of Local government JOI from Zenith bank.
"The next is a credit entry of 85 million Naira, a transfer from Zenith bank by order of Adamawa State Sub-treasury Capital Expenditure.
"On June 5, 2012, credit entry of 50 million Naira was transferred from Adamawa State Sub-treasury from Zenith bank.
"On June 14, 2012 another credit entry of 75.9 million Naira by order of Local government Pro.
"On August 8, 2012, there was credit entry of 49.4 million Naira by order of Adamawa State Sub-treasury from Zenith bank.
"The next was a credit entry of 50 million Naira on September 11, 2012 by order of Adamawa State Sub -treasury from Zenith bank.
"On November 5, 2012, there was another credit entry of 17.3 million Naira from Adamawa State Sub-treasury from Zenith bank.
"On January 4, 2013, there was a credit entry of 8.7 million Naira by order of Adamawa State government, from First Bank.
"On April 8, 2013, there was a credit entry of 13.1 million Naira, a transfer from Adamawa State government LOC.
"Next is a credit entry of 26.2 million Naira on October 7, 2013 by order of Local government Joint Pr.
"There was also another credit entry of 29.9 million Naira on May 7, 2013, by order of Local Government Joint Pr".
After the witness gave his testimony, Justice Abang adjourned the case to September 26 - 29, 2017 for the continuation of trial.