Ex-Chief of Air Staff, Amosu returns N2.6b and granted bail

former Chief of Air Staff, Air Marshal Adesola Amosu (rtd)

The former Chief of Air Staff, Adesola Amosu was arraigned today by the Economic and Financial Crimes Commission (EFCC) before a Federal High Court in Lagos.

The Court heard on Wednesday that a former Chief of Air Staff, Air Marshal Adesola Amosu (rtd), charged with laundering N21 billion, has returned N2.6 billion to the Federal Government.

The former Chief of Air Staff lawyer, Chief Bolaji Ayorinde (SAN), while arguing Amosu’s bail application after his arraignment before Justice Mohammed Idris, said his client had returned “large sum” to the federal government.
According to reports AVM Adesola Amosu returned N2.6 billion to the government.

Adesola Amosu was arraigned alongside a former Chief of Accounts and Budgeting at NAF, Air Vice Marshal Jacob Adigun and a former Director of Finance and Budget at NAF, Air Commodore Olugbenga Gbadebo.

The Companies also arraigned with them are – Delfina Oil and Gas Limited, Mcallan Oil And Gas Limited, Hebron Housing and Properties Company Limited, Trapezites BDC, Fonds and Pricey Limited, Deegee Oil and Gas Limited, Timsegg Investment Limited and Solomon Health Care Limited.
The Economic and Financial Crimes Commission accused them of converting N21 billion from the NAF on March 5, 2014 in Lagos.

They were also accused of concealing “proceeds of crime” and thereby committed an offence contrary to Section 18(a) of the Money Laundering (Prohibition) (Amendment) Act, 2012 and punishable under Section 17(a).
Arguing the bail application, Ayorinde said his client, who pleaded not guilty to the charges, has always cooperated with the prosecution since his arrest in January and would not jump bail.
“He has remitted some of money to the federal government, although not in admittance of guilt, but out of cooperation with security agencies.
The defendants pleaded not guilty to all the charges. The judge granted them bail in the sum of N500 million each.

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