N450m PDP election money: Oyedepo, Shagaya listed as EFCC names receipents, amount

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Thursday, May 16,2019

The Economic and Financial Crimes Commission, EFCC, on Wednesday, told Justice Rilwan Aikwa, of the Federal High Court sitting in Ikoyi, Lagos, how Muhammed Belgore, a governorship candidate of the Peoples Democratic Party, PDP, in the 2011 Kwara State gubernatorial election, disbursed a sum of N126,500,000.

The money disbursed to the Kwara Senatorial Districts was out of the alleged N450, 000, 000 paid by a former Minister of Petroleum Resources, Diezani Allison-Madueke.

The prosecution counsel, Rotimi Oyedepo, asked Belgore, under cross-examination, if he gave any written instructions to disburse the money the bank was keeping on his behalf to which he replied: “It is true I did not have any written instructions for the disbursements.”

Consequently, Oyedepo put it to Belgore that he disbursed the sum of over N126,500,000 to various beneficiaries.

He then stated that “Mr. Zikrullah Balogun, your Personal Assistant, made several disbursements on your instructions and received in cash N80,000,000; Mr. Sheriff Shagaya received N50,000,000; Mr. Isa Beau received in cash N61,656,000.

“Mrs. Shola Adeoti received in cash N102,298,000; Mr Iyola Oyedepo received in cash N9,574, 000 and Senator Sulaiman Ajadi received in cash the sum of N19,689,000.”

Justice Aikawa adjourned the case to June 17, 2019 for continuation of cross-examination.

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