Economic and Financial Crimes Commission on Thursday demonstrated before the Federal High Court in Lagos how a total of N677,6777,085 was allegedly diverted from the coffers of the Nigerian Air Force between March 2014 and April 2015.
According to the agency, the fund was moved in several tranches into the Ecobank account of a company identified as Hebron Housing and Properties Company Ltd.
An investigator with the anti-graft agency, Tosin Owobo, stated this at the resumed trial of a former Chief of Air Staff, Air Vice Marshall Adesola Amosu (retd.), and 10 others for an alleged fraud of N22.8bn.
Those standing trial alongside Amosu are a former Chief of Accounts and Budgeting at the NAF, Air Vice Marshal Jacob Adigun; and a former Director of Finance and Budget, Air Commodore Olugbenga Gbadebo
The EFCC alleged that the defendants diverted N22.8bn, belonging to the Nigerian Air Force, using a number of companies.
The said companies were also joined as defendants in the charge.
They are Delfina Oil and Gas Ltd., McAllan Oil And Gas Ltd, Hebron Housing and Properties Company Ltd., Trapezites BDC, Fonds and Pricey Ltd., Deegee Oil and Gas Ltd., Timsegg Investment Ltd., and Solomon Health Care Ltd.
The 11 defendants were arraigned before Justice Mohammed Idris on June 29, 2016 but they pleaded not guilty to the 26 counts pressed against them.