The further investigation into $2bn arms purchase fraud revealed that Olisa Metuh, the Peoples Democratic Party (PDP) spokesman gave part of looted money to a so-called Wealth manager at ‘ARM company.’
The given money were reportedly meant to change to naira and invest on behalf of Metuh’s Destra Investments Limited.
Nneka Araraume, a staff of the Asset and Resource Management Company Limited, testified to the Economic and Financial Crimes Commission (EFCC) that she received $2 million in cash from Olisa Metuh on December 2, 2014.
Araraume said in court that she changed the dollars into Nigerian currency and had it transferred to Metuh’s account.
See more photos below:
Part 1, Subsection 1 of the Nigeria’s Money Laundering Act of 2011 limits transported cash to no more than N5 million for individual and 10 million for corporation.
Metuh is standing trial for allegedly collecting N400 million from the office of former National Security Adviser Sambo Dasuki.
During the court on January 25, PDP’s spokesman was spotted with another beautiful woman, see below: